The following information pertains to Gable Company, effective at year-end September 30, 2013.
1. Prepare an income statement for the year ended September 30, 2013.
2. Prepare a retained earnings statement for the year ended September 30, 2013.
3. Prepare a classified balance sheet as of September 30, 2013.
Accounts Payable 2,400
Accounts Receivable 4,150
Accumulated Depreciation 6,600
Cash 21,955
Contributed Capital 20,000
Depreciation Expense 2.200
Dividends 2,800
Equipment 23,050
Income Tax Expense 1,100
Income Taxes Payable 300
Interest Payable 175
Long term Note payable 5,700
Prepaid rent expense 380
Rent Expense 760
Retained Earnings Beginning 13,960
Sales Revenue 14,450
Salaries Expense 6,840