Nash s Trading Post, LLC began operations on January 1, 2017.
Nash s Trading Post, LLC began operations on January 1, 2017. The following information is available for Nash s Trading Post, LLC on December 31, 2017.Accounts payable$ 6,000Notes payable$ 9,000Accounts receivable3,000Rent expense11,000Advertising expense4,100Retained earnings?Cash4,100Service revenue27,000Common stock16,000Supplies2,900Dividends3,500Supplies expense1,600Equipment27,800Prepare an income statement for Nash s Trading Post, LLC.Nash s Trading Post, LLCIncome Statement December 31, 2017For the Month Ended December 31, 2017For the Year Ended December 31, 2017 Total ExpensesRetained Earnings, January 1RevenuesTotal RevenuesNet Income / (Loss)DividendsRetained Earnings, December 31Expenses$ ExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Total RevenuesRevenuesTotal ExpensesDividends$ Total Expenses Revenues Total Revenues Dividends Expenses Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31 ExpensesRevenuesTotal ExpensesTotal RevenuesRetained Earnings, January 1Retained Earnings, December 31DividendsNet Income / (Loss)$Prepare a retained earnings statement for Nash s Trading Post, LLC. (List items that increase retained earnings first.)Nash s Trading Post, LLCRetained Earnings Statement For the Month Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017 Total ExpensesRetained Earnings, January 1Total RevenuesDividendsExpensesNet Income / (Loss)Retained Earnings, December 31Revenues$ AddLess: Retained Earnings, December 31Retained Earnings, January 1RevenuesTotal ExpensesTotal RevenuesDividendsExpensesNet Income / (Loss) AddLess: Total ExpensesRetained Earnings, January 1ExpensesTotal RevenuesRetained Earnings, December 31Net Income / (Loss)RevenuesDividends Total ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesNet Income / (Loss)Total RevenuesDividendsExpenses$Prepare a balance sheet for Nash s Trading Post, LLC. (List assets in order of liquidity.)Nash s Trading Post, LLCBalance Sheet December 31, 2017For the Year Ended December 31, 2017For the Month Ended December 31, 2017Assets$ Total Long-term investmentsTotal Stockholders EquityTotal Long-term LiabilitiesProperty, Plant and EquipmentTotal Property, Plant and EquipmentStockholders EquityTotal Long-Term InvestmentsTotal AssetsIntangible AssetsTotal Current AssetsLong-Term InvestmentsCurrent AssetsTotal LiabilitiesTotal Intangible AssetsLong-Term LiabilitiesTotal Long-Term LiabilitiesLiabilitiesTotal Liabilities and Stockholders Equity$Liabilities and Stockholders Equity Total Intangible AssetsTotal Current AssetsTotal LiabilitiesTotal Long-term LiabilitiesTotal AssetsTotal Liabilities and Stockholders EquityTotal Long-term investmentsTotal Property, Plant and EquipmentTotal Stockholders EquityCurrent AssetsLiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesTotal Long-Term InvestmentsTotal Long-Term LiabilitiesProperty, Plant and EquipmentStockholders Equity$ Total Current Assets Total Intangible Assets Total Liabilities Total Assets Total Long-Term Liabilities Current Assets Total Long-term Liabilities Total Long-Term Investments Total Liabilities and Stockholders Equity Total Property, Plant and Equipment Total Long-term investments Liabilities Intangible Assets Total Stockholders Equity Long-Term Investments Long-Term Liabilities Stockholders Equity Property, Plant and Equipment $ Total Liabilities and Stockholders EquityTotal Property, Plant and EquipmentTotal LiabilitiesLong-Term InvestmentsLiabilitiesStockholders EquityTotal Long-term LiabilitiesLong-Term LiabilitiesCurrent AssetsIntangible AssetsTotal Stockholders EquityTotal Long-Term InvestmentsTotal Long-Term LiabilitiesTotal AssetsTotal Intangible AssetsTotal Current AssetsTotal Long-term investmentsProperty, Plant and Equipment$ Long-Term Investments Stockholders Equity Total Long-Term Liabilities Total Current Assets Total Assets Liabilities Total Long-term investments Intangible Assets Total Stockholders Equity Total Liabilities Total Intangible Assets Total Long-term Liabilities Total Long-Term Investments Current Assets Long-Term Liabilities Property, Plant and Equipment Total Liabilities and Stockholders Equity Total Property, Plant and Equipment Total AssetsTotal Liabilities and Stockholders EquityTotal Long-Term LiabilitiesTotal Long-Term InvestmentsIntangible AssetsTotal Intangible AssetsProperty, Plant and EquipmentTotal Long-term investmentsTotal LiabilitiesTotal Long-term LiabilitiesStockholders EquityTotal Property, Plant and EquipmentTotal Stockholders EquityTotal Current AssetsLong-Term LiabilitiesCurrent AssetsLiabilitiesLong-Term Investments$
Nash s Trading Post, LLC began operations on January 1, 2017
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