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The 2012 year-end adjusted balances taken from the general ledger of Cooperstown Services, Inc. are listed below in general ledge Coopertown Suppliers, Inc. DR CR Cash 12.950 Accounts receivable 28.150 Supplies 8.400 Prepaid insurance 9.500 Land 115.000 Buildings 360.000 Equipment 260.000 Accumulated depreciation 239.900 Accounts payable 35.300 Salaries payable 7.300 Taxes payable 5.200 Common stock 31.500 Additional paid-in capital – Common 15.400 Retained earnings 427.600 Dividends 25.400 Service revenue 475.000 Salaries expense 335.600 Depreciation expense 25.100 Supplies expense 12.950 Insurance expense 8.200 Miscellaneous expense 30.850 Utilities expense 5.100 Total 1.237.200 1.237.200 Transfer these accounts and balances to a spreadsheet worksheet and prepare an income statement, a classified balance sheet, an proper headings for each statement. Note that Cooperstown is a service company so there is no cost of goods sold in its chart of ac liabilities. Keep in mind that you should not report any accounts without balances in your statements. Coopertown Suppliers, Inc. Income Statement Amount (in $) RevenueService revenue Expenses: Salaries expense Depreciation expense Supp ...
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