CCOUNT P1-44A Preparing financial statements The bookkeeper of Lone Star Landscaping prepared the company's balance sheet while the accountant was ill. The balance sheet contains numerous errors. In particular, the bookkeeper knew that the balance sheet should balance, so he plugged in the owner's equity amount needed to achieve this balance. The owner's equity is incorrect. All other amounts are correct, but some are out of place or should not be included in this statement. Prepare a corrected balance sheet. Cash Office Supplies Land Salaries Expense Office Furniture Notes Payable Rent Expense LONE STAR LANDSCAPING Balance Sheet Month Ended November 30, 2016 Assets Liabilities 54,900 Accounts Receivable 300 Tow, Withdrawals 33,800 Service Revenue 3,100 Property Tax Expense 6,000 Accounts Payable 24,200 450 Owner's Equity Tow. Capital $ 72,750 Total Liabilities $ 2,100 8,000 44,000 2,700 2,800 13.150 $ 72,750 Total Assets ounting equation for transaction analysis and preparing 21.45A Using the accounting equation for transaction an financial statements Alfonso Sheen recently opened his own ly opened his own accounting firm, which he operates as a sole name of the new entity is Alfonso Sheen, CPA. Sheen experience rs during the organizing phase of the new business and its first proprietorship. The name of the ne Following events during the organizing phase of th 2016