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This is what an income statement looks like: Balance sheet. The balance sheet summarizes important financial information on a specific date. It gives you a snapshot of your financial health. Usually, you create a balance sheet at the end of a period, such as monthly or quarterly. What the statement tells youAccount Account Normal Financial Title Classification Balance Statement Medicare Tax Payable Current liability Credit Balance sheet Merchandise Inventory Current asset/Cost of Debit Balance sheet/Income merchandise sold statement Notes Payable Current liability/Long-Credit Balance sheet term liability Notes Receivable Current asset/Investment ...CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares which are reflected in thousands and par value) June 29, 2019 September 29, 2018 ASSETS: Current assets: Cash and cash equivalents $ 50,530 $ 25,913 Marketable securities 44,084 40,388 Accounts receivable, net 14,148 23,186I had to prepare a multi-step statement, retained earnings statement and a balance sheet. Did I do these right?:confused: Below is the listing of items I prepared my statements from Accounts payable 619.0 Accounts receivable, netIncome Statement and Balance Sheet Columns: The data in the adjusted trial balance columns are extended to one of the remaining four columns. The amounts of assets, liabilities, capital and drawings are extended to the balance sheet columns and the revenues and expenses are extended to the income statement columns.Chapter 6: Account Classification Descriptions — Balance Sheets/Statement of Net Assets. Balance sheet accounts and statement of net asset accounts are used to track financial transactions for each fund.