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Prepare Financial Statements for Company C. Debit Credit Cash 54650 accounts receivable 28750 prepared insurance 8000 land 22000 accounts payable 14300 salaries payable 4250 common

Prepare Financial Statements for Company C.

Debit Credit
Cash 54650
accounts receivable 28750
prepared insurance 8000
land 22000
accounts payable 14300
salaries payable 4250
common stock 50000
retained earnings 38900
dividends 36000
service revenue 257350
insurance expense 3200
salaries expense 126500
miscellaneous 56900
364800 364800

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