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The balances of accounts for Sun Company for year ended December 31, 2020 in random order are: Depreciation Expense $8 Salaries Expense $36 Interest Expense
The balances of accounts for Sun Company for year ended December 31, 2020 in random order are: Depreciation Expense $8 Salaries Expense $36 Interest Expense 3 Sales 150 Retained Earnings, Jan. Accounts Payable 60 1 42 Accumulated Dep.- Rent Expense 12 Building 40 40 Bonds Payable (5-year bonds) 25 Supplies 8 Accounts Receivable 30 Salaries Payable 6 Supplies Expense 6 Merchandise Inventory 70 Common Stock 170 Building 150 Land 20 Dividends 20 Accumulated Dep.- Goodwill 8 Office Equip Interest Revenue. 5 Office Equipment Cash 10 Income Tax Expense Taxes Payable 4 Amortization Expense 7712 18 75 12 852 Cost of Goods Sold 50 Hint: You need to prepare multiple-step Income Statement, Statement of Retained Earnings, and classified Balance Sheet. Compute Sun's total Property, Plant, and Equipment as of Dec. 31st
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