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Prepare the 2020 annual financial statements for Stars Company based on the following information: Sales Revenue $19,700 Accounts Receivable $1,800 Cash 50,300 Supplies 710 Owners

Prepare the 2020 annual financial statements for Stars Company based on the following information:

Sales Revenue

$19,700

Accounts Receivable

$1,800

Cash

50,300

Supplies

710

Owners Capital

5,000

Loan payables

48,000

Accounts Payable

1,130

Salaries expense

660

Withdrawal by owner

1,000

Utility expense

170

Rent expense

1,500

Computer

2,000

Office furniture

3,400

Insurance expense

5,800

Prepaid insurance

6,200

Supplies expense

290

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