Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note
b. Purchased land on March 2 for future building site; paid cash, $9.
c. Issued additional shares of common stock on April 3 for $23.
d Purchased software on July 4, $10 cash.
e. Purchased supplies on account on October 5 for future use, $18
f. Paid accounts payable on November 6, $13
g. Signed a $25 service contract on November 7 to start February 1, 2019
h. Recorded revenues of $160 on December 8, including $40 on credit and $120 collected
i. Recognized salaries and wages expense on December 9, $85 paid in cash.
j. Collected accounts receivable on December 10, $24
Data for adjusting journal entries as of December 31 ces
k. Unrecorded amortization for the year on software.$5
l. Supplies counted on December 31, 2018, $10
m. Depreciation for the year on the equipment, $6
n. Interest of $1 to accrue on notes payable.
o. Salaries and wages earned but not yet paid or recorded, $12
p. Income tax for the year was $8. It will be paid in 2019.
6-a. Prepare an income statement
6-b. Prepare the statement of retained earnings
6-c. Prepare the balance sheet

a. Income Statement for the year ended December 31:

Revenue                             $160

Amortization exp.    $5

Salaries and

 wages expense   $85

Supplies expense    $8

Interest expense     $8       106

Net income                        $54

b. Statement of Retained Earnings for the year ended December 31:

Net Income     $54

c. Balance Sheet as of December 31:

Assets:

Cash                          $62

Accounts receivable $16

Supplies                    $10

Software                   $10

Acc. Amortization     ($5)

Land                           $9

Total assets           $102

Liabilities and Equity:

Note Payable           $12

Accounts payable    $5

Interest payable       $8

Total liabilities        $25

Common stock      $23

Retained earnings $54

Total liab.+ equity $102

Explanation:

1) Data and Calculations:

a. Cash $12  Short-term Note Payable $12

b. Land $9 Cash $9

c. Cash $23 Common stock $23

d. Software $10 Cash $10

e. Supplies $18 Accounts payable $18

f. Accounts payable $13 Cash $13

g. N/A

h. Cash $120 Accounts receivable $40 Revenue $160

i. Salaries and wages expense $85 Cash $85

j. Cash $24 Accounts receivable $24

k. Amortization Expense $5 Accumulated Amortization $5

l. Supplies Expense $8 Supplies $8

m. Depreciation Expense $6 Accumulated Depreciation $6

n. Interest Expense $1 Interest Payable $1

o. Salaries & wages expense $12 Salaries & wages payable $12

p. Income tax expense $8 Income tax payable $8

Unadjusted Trial Balance

Account Titles            Debit     Credit

Cash                          $62

Accounts receivable $16

Supplies                    $18

Software                   $10

Land                           $9

Common stock                            $23

Short-term Note Payable             $12

Accounts payable                         $5

Revenue                                    $160

Salaries and

 wages expense   $85

Totals                   $200         $200

Adjusted Trial Balance

Account Titles            Debit     Credit

Cash                          $62

Accounts receivable $16

Supplies                    $10

Software                   $10

Accumulated Amortization          $5

Land                           $9

Common stock                            $23

Short-term Note Payable             $12

Accounts payable                         $5

Interest payable                            $8

Revenue                                    $160

Amortization exp.    $5

Salaries and

 wages expense   $85

Supplies expense    $8

Interest expense     $8

Totals                   $213         $213

Cash $12  

Land ($9)

Common stock $23

Software ($10)

Accounts payable ($13)

Revenue $120

Salaries & wages ($85)

Accounts receivable $24

Cash balance =  $62

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest