Question
Below are the completed financial statement columns of the worksheet for Suncor Company. Suncor Company Work Sheet For the Year Ended December 31, 2017 During
Below are the completed financial statement columns of the worksheet for Suncor Company.
Suncor Company Work Sheet For the Year Ended December 31, 2017
During 2017, Suncors shareholders invested $26,880 in exchange for common shares. Accumulated other comprehensive income had a balance of $0 on January 1, 2017.
Prepare a statement of comprehensive income.
SUNCOR CORP.
Choice of accounts to use:
Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Amortization - Patent Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated Depreciation - Furniture and Fixtures Accumulated Depreciation - Machinery Accumulated Depreciation - Trucks Accumulated Impairment Losses Accumulated OCI Administrative Expenses Advances to Employees Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Buildings Cash Common Shares Cost of Goods Sold Current Portion of Notes Payable Deferred Development Costs Delivery Expense Depreciation Expense Dividends Dividends Payable Equipment Fair Value - NI Investments Fair Value - OCI Investments Freight-in Freight-out Furniture and Fixtures Impairment Loss Income Summary Income Tax Expense Insurance Expense Insurance Revenue Interest Expense Interest Income Interest Payable Interest Receivable Inventory Investment Income or Loss Land Legal Expense Loss on Inventory Due to Decline in NRV Miscellaneous Expense Mortgage Payable No Entry Notes Payable Notes Receivable Office Expense Operating Expenses Owner's Capital Owner's Drawings Patents Prepaid Advertising Prepaid Expenses Prepaid Insurance Prepaid Rent Property Tax Expense Property Tax Payable Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Rent Payable Rent Receivable Rent Revenue Repairs and Maintenance Expense Repair Revenue Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Commission Expense Sales Commission Payable Sales Discounts Sales Returns and Allowances Sales Revenue Service Revenue Supplies Supplies Expense Telephone Expense Trucks Unearned Rent Revenue Unearned Repair Revenue Unearned Revenue Unrealized Gain or Loss - OCI Utilities Expense Utilities Payable
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