BROWNIE CORPORATION

TRIAL BALANCE
31-Dec-13
$300,000.00

cash
purchase discount
account receivable
rent revenue
retained earnings
salaries payable
sales
notes receivable
account payable
accumulated depreciation-equipment
sales discount
sales return
notes payable
selling expense
administrative expense
share capital-ordinary
income tax expense
cash dividen
allowance for doubtful account
supplies
freight-in
land
equipment
bond payable
gain on sale of land
accumulated depreciation-building
merchandise inventory
building
purchase
total

$9,000.00
$200,000.00
$14,000.00
$180,000.00
$22,000.00
$1,500,000.00
$120,000.00
$34,000.00
$33,000.00
$20,000.00
$13,000.00
$60,000.00
$240,000.00
$38,000.00
$300,000.00
$32,000.00
$59,000.00
$4,000.00
$10,000.00
$33,000.00
$21,000.00
$300,000.00
$60,000.00
$32,000.00
$16,000.00
$79,000.00
$99,000.00
$700,000.00
$2,264,000.00

$2,264,000.00
$0.00

COGS:
merchandise inventory, 1 jan
purchase
less: purchase discount
add: freight in

$79,000.00
$700,000.00
$9,000.00
$691,000.00
$33,000.00

less: merchandise inventory, 31 dec

COGS

$724,000.00
$803,000.00
$65,000.00
$738,000.00

BROWNIE CORPORATION
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED DEC,31 2013
net sales(1500000-20000-13000)
COGS
gross profit
selling expense
administrative expense
other income and expense:
gain on sale of land
rent revenue
net income

$1,467,000.00
$738,000.00
$729,000.00
$240,000.00
$38,000.00

$32,000.00
$14,000.00

other comprehensive income:

unrealized gains
comprehensive income

retained earnings, 1
add: net income

$278,000.00
$451,000.00

$46,000.00
$497,000.00

13000
$510,000.00

$180,000.00