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B D E F Question 3. 11.5 marks (approx 24 minutes) Below are the unadjusted account balances for Dickenson Corp as of December 31,
B D E F Question 3. 11.5 marks (approx 24 minutes) Below are the unadjusted account balances for Dickenson Corp as of December 31, 2021: Unadjusted Account Balances Account Accounts payable Accounts receivable Accumulated depreciation Cash Common Shares Cost of goods sold 3,350 11,000 29,779 $ 39,771 $ 20,000 $ 194,000 Equipment 44,000 Interest expense 5,250 Inventory 18,060 Long term Loan 26,000 Prepaid rent $ 2,600 Rent expense Retained Earnings $ 19,087 $ 21,302 Sales Salaries expense Supplies Unearned revenue SSSS $ 280,412 51,000 2,075 6,000 H Enter your answer below! The accountant recorded the following adjusting entries: (1) Depreciation on the equipment Salaries payable for 6 days of work Interest expense 5,522 1,020 1,040 (2) The ending supplies inventory count came to $1575 indicating that $500 of supplies had been used during the year. (3) All unearned revenue obligations were fulfilled. + (4) Income tax is calculated as $1000 but has not yet been paid. Required: Prepare a Statement of Financial Position for the year 2021.
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