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Problem #2: These financial statement items are for PrairieView Corporation at year-end, July 31, 2020. Salaries and wages payable $ 2,080 Salaries and wages

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Problem #2: These financial statement items are for PrairieView Corporation at year-end, July 31, 2020. Salaries and wages payable $ 2,080 Salaries and wages expense 57,500 Supplies expense Equipment 14,600 18,500 Accounts payable 4,100 Service revenue 66,100 Rent revenue 10,500 Notes payable (due in 2025) 1,800 Common stock 15,000 Cash 32,700 Accounts receivable 9,780 Accumulated depreciation-equipment 6,000 Dividends 4,500 Depreciation expense 3,000 Retained earnings (beginning of the year) 35,000

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