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Prepare a classified statement of financial position for Dr. Gumbo’s Cateri

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Prepare a classified statement of financial position for Dr. Gumbo’s Catering Company The financial statement columns of the worksheet for Dr. Gumbo’s Catering Company as of December 31, 2011are as follows: DR. GUMBO’S CATERING COMPANY Worksheet For the Year Ended December 31, 2011 Statement of Income Statement Financial Position Accounts Debit Credit Debit Credit Cash 20,000 Accounts Receivable 6,000 Supplies 4,500 Prepaid Insurance 7,000 Equipment 50,000 Accumulated Depreciation 4,800 Copyrights 7,500 Accounts Payable 23,500 Bonds Payable (due 2015) 18,000 Share Capital-Ordinary 20,000 Retained Earnings 26,000 Dividends 4,200 Service Revenue 25,400 Salaries Expense 5,200 Depreciation Expense 4,800 Insurance Expense 5,000 Income Tax Expense 3,500 Totals 18,500 25,400 99,200 92,300 Net Income 6,900 6,900 25,400 25,400 99,200 99,200 Instructions Prepare a classified statement of financial position for Dr. Gumbo’s Catering Company. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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