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View History Bookmarks Tools Window Help PLUS WileyPLUS WileyPLUS eyplus.com/edugen/student/mainfr.uni ent FLEMING COMPANY Worksheet For the Year Ended December 31, 2017 Income Statement Balance Sheet Account Account Titles Dr. Cr. Dr. Cr. No. 101 112 130 157 158 201 212 311 320 332 400 622 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense 8,900 10,800 2,800 24,000 4,500 9,000 2,400 12,000 7,500 11,000 60,000 1,600 3,100 722 726 732 1,800 30,000 1,400 37,900 60,000 57,500 35,400 22,100 60,00060,000 57,500 57,500 Totals Net Income 22,100 Policy e 2000-2018 John Wiley & Sons, Inc, All Rights Reserved. A Division of John Wiley &Sons;, Inc 1

Explanation / Answer

Balance Sheet; Assets: Current Assets Cash 8900 Accounts receivable 10800 Prepaid Insurance 2800 Total Current assets 22500 Property plant and Equipment Equipment 24000 Less: Accumulated dep 4500 19500 Total Assets 42000 Liabilities: Current liabilities: Accounts payable 9000 Salries and wages payable 2400 Total current liabilities 11400 Stockholder's equity: Common Stock 12000 Retained earnings 18600 Total Stockholder's equity 30600 Total liabilities and equity 42000

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