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Question 3: From the following data, prepare the 3 financial statements (Omit the Statement of Cash Flow) for Steve Simpson. Cash $26,000 Salaries Payable $
Question 3: From the following data, prepare the 3 financial statements (Omit the Statement of Cash Flow) for Steve Simpson. Cash $26,000 Salaries Payable $ 1.500 Accounts Receivable $20,000 Accounts Payable $ 7,000 Rent Revenue $ 5,000 Interest Revenue $ 2,000 I $23,000 Interest Receivable $ 500 Consulting Fees Earned Land $70,500 Unearned Revenue $ 2,000 S, Simpson, Withdrawal $ 6,000 Rent Expense $ 12,000 Salaries Expense $ 6,000 Telephone Expense $ 750 Insurance Expense $ 300 Advertising Expense $ 350 Miscellaneous Expense $ 100 S. Simpson, Beginning Capital $102,000
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