Given the following information for Genesee Corporation at theend of year 2015, prepare a classified balance sheet. The dollaramounts are in millions. Include a proper heading (Assume Geneseeâsfiscal year ends on December 31).

Common Stock

$300

Land

70

Equipment

30

Cash and Cash Equivalent

200

Notes Payable

120

Accounts Receivable

550

Inventory

300

Interest Revenue

10

Accounts Payable

200

Cost of Goods Sold

50

Tax Expense

2

Interest Expense

3

Retained Earnings (1/1)

160

Dividends

5

Long-term Debt

300

Sales Revenue

95

Operating Expense

10

Income Tax Payable

15

Salaries Payable

40

Other Current Assets

20

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Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2013. The annual reporting period ends December 31. The trial balance on January 1, 2015, follows (the amounts are rounded to thousands of dollars to simplify):

Account Titles	Debit		Credit
Cash	$	3
Accounts Receivable		5
Supplies		12
Land		0
Equipment		60
Accumulated Depreciation			$	6
Software		15
Accumulated Amortization				5
Accounts Payable				5
Notes Payable (short-term)				0
Salaries and Wages Payable				0
Interest Payable				0
Income Tax Payable				0
Common Stock				71
Retained Earnings				8
Service Revenue				0
Salaries and Wages Expense		0
Depreciation Expense		0
Amortization Expense		0
Income Tax Expense		0
Interest Expense		0
Supplies Expense		0

Totals	$	95	$	95

Transactions during 2015 (summarized in thousands of dollars) follow:

1.	Borrowed $12 cash on a six-month note payable dated March 1, 2015.
2.	Purchased land for future building site; paid cash, $9.
3.	Earned revenues for 2015, $160, including $40 on credit and $120 collected in cash.
4.	Issued additional shares of stock for $3.
5.	Recognized salaries and wages expense for 2015, $85 paid in cash.
6.	Collected accounts receivable, $24.
7.	Purchased software, $10 cash.
8.	Paid accounts payable, $13.
9.	Purchased supplies on account for future use, $18.
10.	Signed a $25 service contract to start February 1, 2016.

Data for adjusting journal entries:

11.	Unrecorded amortization for the year on software, $5.
12.	Supplies counted on December 31, 2015, $10.
13.	Depreciation for the year on the equipment, $6.
14.	Accrued interest of $1 on notes payable.
15.	Salaries and wages earned but not yet paid or recorded, $12.
16.	Income tax for the year was $8. It will be paid in 2016.

I need help with preparing an income statement, retained earnings statement, the balance sheet, and the post-closing trial balance. I also need help checking my answers for my adjusted trial balance with the adjusted entries included.

thank you

ceruleanminnow579

You are provided with the following information for Tamarisk, Inc., effective as of its April 30, 2017, year-end. Accounts payable $ 914 Accounts receivable 980 Accumulated depreciationâequipment 670 Cash 1,440 Common stock 1,410 Cost of goods sold 1,140 Depreciation expense 255 Dividends 405 Equipment 2,590 Income tax expense 245 Income taxes payable 215 Insurance expense 290 Interest expense 480 Inventory 1,137 Land 3,270 Mortgage payable 3,670 Notes payable 231 Prepaid insurance 140 Retained earnings (beginning) 1,600 Salaries and wages expense 620 Salaries and wages payable 302 Sales revenue 5,270 Stock investments (short-term) 1,290

crimsonwalrus870

		debit	credit
100	Cash	54,339
110	Investment Securities--AFS	72,000
115	ACCRUED INTEREST RECEIVABLE	1000
130	Accounts Receivable	48,607
131	Allowance for Doubtful Accounts		3,022
132	Allowance for Sales Returns and Allowances		972
140	Merchandise Inventory	449,807
150	Prepaid Insurance	7,434
160	Store Supplies	2,700
170	Land	285,820
180	Building	476,895
181	Accumulated Depreciation: Building		55,027
182	Office & Store Equipment	163,941
183	Accumulated Depreciation: Office & Store Equipment		54,763
184	Delivery Trucks	198,545
185	Accumulated Depreciation: Delivery Trucks		41,260
200	Accounts Payable		51,274
210	FICA Taxes Payable		5,406
220	FEDERAL INCOME TAX WITHHOLDING PAYABLE		3,401
230	Unemployment Taxes Payable		814
240	Union Dues Payable		180
250	Salaries & Wages Payable		37,085
260	accured utility payable		506
280	Mortgage Payable		200,000
281	Accrued Interest Payable		667
300	Common Stock		100,000
301	PIC in Excess of Par		1,000,000
350	Retained Earnings		85,937
400	Sales		1,779,369
401	Sales Returns	36,893
402	Sales Discounts	12,027
490	INTEREST REVENUE		1,000
500	Purchases		0
501	Purchase Returns		0
502	Purchase Discounts		0
520	Freight In		0
550	cost of goods sold	1,157,524
600	Salaries & Wages Expense	304,693	0
605	Payroll Tax Expense	41,573	0
610	Advertising Expense	11,874	0
620	REPAIR EXPENSE	1,700	0
630	STORE SUPPLIES EXPENSE	10,021	0
640	Utilities Expense	20,410	0
650	INSURANCE EXPENSE	6,034	0
660	DEPRECIATION EXPENSE	46,459	0
670	DOUBTFUL ACCOUNTS EXPENSE	928	0
800	Interest Expense	9,459	0
	Totals	3,420,683	3,420,683

3. Prepare astatement of retained earnings for 2016.

rosemink185

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Accounting 580,000

Common Stock	$300
Land	70
Equipment	30
Cash and Cash Equivalent	200
Notes Payable	120
Accounts Receivable	550
Inventory	300
Interest Revenue	10
Accounts Payable	200
Cost of Goods Sold	50
Tax Expense	2
Interest Expense	3
Retained Earnings (1/1)	160
Dividends	5
Long-term Debt	300
Sales Revenue	95
Operating Expense	10
Income Tax Payable	15
Salaries Payable	40
Other Current Assets	20