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Directions on top of paper will give thumbs up for any help thanks !! Financial

ID: 2465612 • Letter: D

Question


Directions on top of paper will give thumbs up for any help thanks !!
Financial Statements Problem The following is the year-end Trial Balance of Sunshine Corporation in Alphabetical order. This is also its first year of operations Prepare the following statements after adjusting the Trial Balance for items below: (1) Income Statement, (2) Statement of Retainod Earmings (3) Statement of Cash Flows, Direct Method, (4) Balance Sheet. Sunshine Corperation Adjusted Trial Balance as of December 31, 2014 115,000 Accounts Payable Accounts Receivable 100,000 30,000 Accumulated Depreciation Available for Sale Securities Markct Trading Securities@ Market (Market Cost) Bonds Payable, 8% 5 year to maturity Cash 65,000 400,000 600,000 535,000 90,000 150,000 Capital Lease Liability Common Stock S10 par Cost of Goods Sold 6,750,000 0,000 Current Portion of Long Term Debe Depreciation Expense Discount on Bonds Payable Gain on Sale of Trading Securities Interest Expense Inventory (at FIFO Paid-In Capital in Excess of Par. Common Stock Plant, Property &Equipment; Preferred stock, $100 par.6%non-parti-lapting 350,000 60,000 25,000 0,000 440,000 OC0 450,000 3,500,000 ,000,000 preferre pro ynsu 140,000 Prepaid Property Insurance 11,650,000 Sales 3,650,000 50,000 Treasury Stock @cost Uncarned Commission Revenue Unrealized Holding GainLoss) -OCI Utilities Expense 30,000 15,000 425,000 16505,000 16 505,000 The following entries were not included in the books during the year. Please prepare journal entries and adjust the Trial Balance accordingly

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