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Question no 1: 5 Marks Listed below in alphabetical order are the balance sheet items of Flynn Company at December 31, 2005. Prepare a Income

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Question no 1: 5 Marks Listed below in alphabetical order are the balance sheet items of Flynn Company at December 31, 2005. Prepare a Income Statement and balance sheet and include a complete heading. Accounts Payable $ 9,000 Accounts Receivable 15,000 Building 46,000 Cash 17,000 Joe Flynn, Capital 120,000 Land 52,000 Office Equipment 4,000 Revenue 10000 and all expanses 5000

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