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Following are the accounts for Dakota Corporation. Both ordinary journal entries and adjusting journal entries have been posted for the year and the balances are
Following are the accounts for Dakota Corporation. Both ordinary journal entries and adjusting journal entries have been posted for the year and the balances are as of December 31, 2021. All balances are normal for account type. You need to prepare financials statements as of December 31, 2021. You do not need to prepare a proper statement heading. Use a - (hyphen) to represent that no data is presented. Use the account names exactly as presented in the table. Do NOT use a $(dollar sign). Do NOT use cents. DO use a comma separator. Cash 2.500 30,500 7,700 Unearned Revenue Owner, Capital Owner, Withdrawals 31,000 3,500 5,000 3,000 27,700 Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Interest Payable Note Payable 25,000 8,000 Service Revenue Salaries Expense Supplies Expense Depreciation Expense Rent Expense Interest Expense 7,000 6,000 4.000 500 875 25,000 3,000 875 Income Statement
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