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Question Two: The following financial information belongs to Sun Company on December 31, 2017: Beginning Capital Advertising expense Salaries expense Accounts payable Supplies 550,000 10,000

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Question Two: The following financial information belongs to Sun Company on December 31, 2017: Beginning Capital Advertising expense Salaries expense Accounts payable Supplies 550,000 10,000 60,000 110,000 30,000 30,000 Equipment Cash Utilities expense Drawings Revenues 580,000 150,000 40,000 10,000 250,000 Accounts receivable Required: Prepare the income statement, statement of owner's equity and balance sheet of Sun Company on December 31, 2017

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