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Points 20 3. Financial Statement Below is the Unadjusted Account Balance (format is scramble) for Funfair Happy Inc. Accounts Amounts Accounts payable 25,200.00 Accounts receivable
Points 20 3. Financial Statement Below is the Unadjusted Account Balance (format is scramble) for Funfair Happy Inc. Accounts Amounts Accounts payable 25,200.00 Accounts receivable 65,700.00 Beauty supplies 35,440.00 Beauty supplies expense Building 21,800.00 210,210.00 Cash 580,249.00 Common Stock 425,000.00 Dividends 23,800.00 Equipment 135,000.00 Insurance Payable 48,000.00 Accounts Amounts Land 148,200.00 Notes Payable 48,000.00 Notes Receivable 58,000.00 Prepaid Rent 96,000.00 Rent expense 6,000.00 Retained Earning 210,000 Revenue 491,881.00 Salaries expense 23,400.00 Salaries Payable 18,302.00 Unearned Revenue 150,416.00 Utilities Expense 13,000.00 Totals $2,833,598.00 Requirements: Prepare the following statement: A. The Income Statement, B. The Statement of Retained Earnings C. The Balance Sheet. The sole stockholder, made no additional investments in the company during the year
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