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QUESTION 4: (8%) - (20 Points) One month transactions of Sam Company show the following balances. 1- Prepare Balance Sheet on February 28, 2019. 2-

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QUESTION 4: (8%) - (20 Points) One month transactions of Sam Company show the following balances. 1- Prepare Balance Sheet on February 28, 2019. 2- Prepare the Owner's Equity Statement I Rental Income $3500 Consulting Income $4000 Accounting Income $5000 Rent Expense $10,000 Insurance Expense $600 Advertising Expense $4,000 Cash $15,900 Accounts receivable $0 Office supplies $240 Office equipment $560 Tel Expenses $0 Loan Payable $14,000 Accounts Payable $800 Capital $4,000 Withdrawal $0 Element of Competency: 1- Produce accounting reports

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