the trial balance of honeybee hams inc follows 654868
The trial balance of Honeybee Hams, Inc., follows:
|
Honeybee Hams, Inc. |
||
|
Trial Balance |
||
|
December 31, 2005 |
||
|
Thousands |
||
|
Trail Balance |
||
|
Debit |
Credit |
|
|
Cash |
3,300 |
|
|
Account receivable |
1,800 |
|
|
Inventories |
1,100 |
|
|
Prepaid expenses |
1,900 |
|
|
Property, plant, equipment |
6,600 |
|
|
Accumulated depreciation |
2,400 |
|
|
Other assets |
9,900 |
|
|
Account payable |
7,700 |
|
|
Income tax payable |
600 |
|
|
Other liabilities |
2,200 |
|
|
Common stock |
4,900 |
|
|
Retained earning (beginning December 31,20X5) |
4,500 |
|
|
Dividends |
1,700 |
|
|
Sales revenue |
41,000 |
|
|
Cost of goods sold |
25,000 |
|
|
Selling, administrative, and general expense |
10,000 |
|
|
Income tax expense |
2,000 |
|
|
Total |
63,300 |
63,300 |
The trial balance of Honeybee Hams, Inc., follows:
|
Honeybee Hams, Inc. |
||
|
Trial Balance |
||
|
December 31, 2005 |
||
|
Thousands |
||
|
Trail Balance |
||
|
Debit |
Credit |
|
|
Cash |
3,300 |
|
|
Account receivable |
1,800 |
|
|
Inventories |
1,100 |
|
|
Prepaid expenses |
1,900 |
|
|
Property, plant, equipment |
6,600 |
|
|
Accumulated depreciation |
2,400 |
|
|
Other assets |
9,900 |
|
|
Account payable |
7,700 |
|
|
Income tax payable |
600 |
|
|
Other liabilities |
2,200 |
|
|
Common stock |
4,900 |
|
|
Retained earning (beginning December 31,20X5) |
4,500 |
|
|
Dividends |
1,700 |
|
|
Sales revenue |
41,000 |
|
|
Cost of goods sold |
25,000 |
|
|
Selling, administrative, and general expense |
10,000 |
|
|
Income tax expense |
2,000 |
|
|
Total |
63,300 |
63,300 |
Instructions:
Prepare Honeybee Hams, Inc.”s income statement and statement of retained earnings for the year ended December 31, 20X6, and its balance sheet on that date.
Prepare Honeybee Hams, Inc.”s income statement and statement of retained earnings for the year ended December 31, 20X6, and its balance sheet on that date.