Preparation of Financial Statements for Panaka Company and the calculation of Costs of Goods Sold, Cost of Ending Inventory for Scott Company
P3-3A The completed financial statement columns of the work sheet for Panaka Company are shown below. PANAKA COMPANY Work Sheet For the Year Ended December 31, 2002 Account Income Statement Balance Sheet No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 10,200 112 Accounts Receivable 7,500 130 Prepaid In