Q1: Presented below is the adjusted trial balance of Baghdad Company, Balances as of December 31, 2014. (All amount in Iraqi Dinner) Cash ID 140000, Accounts receivable 35000, Building 210000, Note payable 150000, capital 100000, retained earnings 38000, dividends declared 10000, sales 195000, interest revenue 17000, cost of goods sold 47000, salaries expense 25000, depreciation expense- building 10000, accumulated depreciation- Building 20000, income tax expense 43000. Required: Prepare the following financial statements 1- Income statement for the year ended 31/12/ 2014. 2- Statement of changes in owners' equity for the year ended .31/12/2014

Q1: Presented below is the adjusted trial balance of Baghdad Company, Balances as of December 31, 2014. (All amount in Iraqi Dinner) Cash ID 140000, Accounts receivable 35000, Building 210000, Note payable 150000, capital 100000, retained earnings 38000, dividends declared 10000, sales 195000, interest revenue 17000, cost of goods sold 47000, salaries expense 25000, depreciation expense- building 10000, accumulated depreciation- Building 20000, income tax expense 43000. Required: Prepare the following financial statements 1- Income statement for the year ended 31/12/ 2014. 2- Statement of changes in owners' equity for the year ended .31/12/2014

Name: Q1: Presented below is the adjusted trialbalance of Baghdad Company,
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Description: Q1: Presented below is the adjusted trialbalance of Baghdad Company, Balances asof December 31, 2014. (All amount inIraqi Dinner)Cash ID 140000,Accounts receivable 35000, Building210000, Note payable 150000, capital100000, retained earnings 38000, d

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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