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2021 2,020 Accounts receivable 228,000 188,000 Prepaid expenses 48,000 60,000 Accounts payable 144,000 164,000 Current portion of bank loan 40,000 60,000 Salaries payable 78,000

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2021 2,020 Accounts receivable 228,000 188,000 Prepaid expenses 48,000 60,000 Accounts payable 144,000 164,000 Current portion of bank loan 40,000 60,000 Salaries payable 78,000 80,000 Unearned revenue 48,000 36,000 Interest payable 25,000 20,000 Income tax payable 16,000 37,000 Long term bank loan Contributed Surplus 200,000 240,000 120,000 100,000

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