...Post Exercise 11. 13. Take a Trial Balance from the Ledger resulting from Exercise 12. 14. Prepare a Statement of Assets and Liabilities and a Profit and Loss Statement, taking into consideration the following facts: (a) The value of the unsold merchandise is $3,125.00....

...previously, on which a discount of 2% is allowed us. Exercise 30A 1. Enter the transactions of Exercise 265, page 128, employing a Cash Book, a Sales Book, a Purchase...Statement of Assets and Liabilities and a Profit and Loss StateI ment need not be prepared at this point, because such statements were /^prepared in connection...

...12/31/19-: Mdse. $3,500.00, Real Estate $6,000.00; Expense $150.03, Furniture and Fixtures $800.00. Prepare a Trial Balance, a Statement of Assets and Liabilities and a Profit and Loss Statement. 3. Solve Problem 1, above, if, in addition to the information given, these liability inventories existed:...

...least annually, except as noted below. Such financial statements may be unaudited, but shall include a statement of assets and liabilities and a profit and loss statement. Where production of financial statements would cause undue hardship to the small concern or financial...

...least annually, except as noted below. Such financial statements may be unaudited, but shall include a statement of assets and liabilities and a profit and loss statement. Where production of financial statements would cause undue hardship to the small concern or financial...