Question
Pam Jones owns a business named Sunny Renovation. Below is the account information of Sunny Renovation at 30 June 2019. Cash in Bank $ 45,600
Pam Jones owns a business named Sunny Renovation. Below is the account information of Sunny Renovation at 30 June 2019.
Cash in Bank
$ 45,600
Accounts receivable
$235,200
Supplies
52,800
Prepaid Insurance
16,000
Accounts payable
67,400
Unearned revenue
18,000
Service income
372,000
Salary expense
222,000
Pam Jones, Capital
?
Equipment
130,000
Required:
Using the accounting equation, prepare the balance sheet for Sunny Renovation at 30 June 2019 (please use the narrative/vertical format).
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Modern Advanced Accounting in Canada
Authors: Hilton Murray, Herauf Darrell
8th edition
1259087557, 1057317623, 978-1259087554
