Homework answers / question archive / Boilermaker Unlimited specializes in building new homes and remodeling existing homes, Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms

Boilermaker Unlimited specializes in building new homes and remodeling existing homes, Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms

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Boilermaker Unlimited specializes in building new homes and remodeling existing homes, Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Boilermaker Unlimited. Credits BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash $ 14,700 Accounts Receivable 25,300 Supplies 32,300 Prepaid Insurance 5,700 Equipment 462,500 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 24,700 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 147,000 Supplies Expense 272,000 Depreciation Expense 37,000 Insurance Expense 23,700 Utilities Expense 40,700 Interest Expense 7,800 Service Fee Expense 60,000 Totals $1,153,400 $ 140,000 29, 700 26,700 3,700 130,000 135,000 35,300 385,000 260,000 $1,153,400
Check my work Required: 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021, note that during the year the company issued additional common stock for $17,000. This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement for the year ended December 31, 2021. BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2021 Service Revenues: Total Revenues $ 0 Expenses:
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for the year ended December 31, 2021, note that during the year the company issued additional common stock for $17,000. This amount is included in the amount for Common Stock in the adjusted trial balance. BOILERMAKER UNLIMITED Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings Total Stockholders Equity Balance at January 1 Balance at December 31
Required 1 Required 2 Required 3 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) BOILERMAKER UNLIMITED Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: 0 Total Current Liabilities 0 Total Current Assets Long-term Assets: Long-term Liabilities: Total Liabilities $ 0 Stockholder's Equity 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ FA $ 0 Total Assets