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Sunland Corporation is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2022.
Sunland Corporation is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue General store revenue Accounts payable Cash Equipment Income tax expense Supplies expense $153,120 29,000 12,760 9,860 132,240 Dividends declared Bank loan payable Salaries expense Supplies Common shares (1/1/2022) 15,080 Retained earnings (1/1/2022) 5,800 Office expense $10,440 58,000 103,240 25,520 Additional information: $40,600 of common shares were issued during the year. 2,900 5,800 5,800
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