The 2012 year-end adjusted balances taken from the general ledger of Cooperstown Services Inc. are listed below in general ledger order.
Coopertown Suppliers Inc.
Taxes payableCommon stock
Additional paid-in capital CommonRetained earnings
Transfer these accounts and balances to a spreadsheet worksheet and prepare an income statement a classified balance sheet and a statement of retained earnings all in good form using proper headings for each statement.Note that Cooperstown is a service company so there is no cost of goods sold in its chart of accounts. Also assume that all the liabilities are current liabilities. Keep in mind that you should not report any accounts without balances in your statements.
Ensure your work is accurate and reflects APA CITATIONS