These items are taken from the financial statements of Tilley, Inc.
|
Prepaid insurance
|
$ 1,400
|
|
Equipment
|
31,000
|
|
Salaries and wages expense
|
36,000
|
|
Utilities expense
|
2,100
|
|
Accumulated depreciation-equipment
|
8,600
|
|
Accounts payable
|
8,200
|
|
Cash
|
5,100
|
|
Accounts receivable
|
$ 4,900
|
|
Salaries and wages payable
|
2,000
|
|
Common stock
|
6,000
|
|
Depreciation expense
|
4,300
|
|
Retained earnings (beginning)
|
14,000
|
|
Dividends
|
2,600
|
|
Service revenue
|
53,000
|
|
Maintenance and repairs expense
|
2,600
|
|
Insurance expense
|
1,800
|
Instructions
Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2012.