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Corporate Finance Assignment/ Professional Essay Writers

The accounting staff at Moonbeam Enterprises prepares monthly financial statements. At the end of April 2004 the company had the following account balances:

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Land …………………………………………..$45,000
Notes payable ………………………………… 33,000
Merchandise inventory ……………………….. 12,480
Buildings ……………………………………… 50,000
Cash …………………………………………… 10,360
Contributed capital …………………………… 38,770
Retained earnings, April 30 …………………… 46,070
Cost of goods sold …………………………….. 15,050
Sales revenue …………………………………… 26,000
Supplies expense ………………………………. 1,300
Income tax expense ……………………………. 1,060
Wage expense …………………………………. 1,500
Insurance expense ……………………………… 550
Interest expense ……………………………….. 900
writing a position paper
Required:

Prepare an income statement and balance sheet in good form. For each statement, use a three-line heading on the statement that includes

(a) The name of the company.

(b) The name of the statement.

(c) The appropriate time period or date.  Get FInance Help Today

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