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These financial statement items are for Carla Vista Company at year end, July 31, 2021. Salaries payable $2,080 Notes payable (long-term) $1,830 Salaries expense 49.900
These financial statement items are for Carla Vista Company at year end, July 31, 2021. Salaries payable $2,080 Notes payable (long-term) $1,830 Salaries expense 49.900 Cash 14.400 Utilities expense 22,000 Accounts receivable 9,840 Equipment 34.340 Accumulated depreciation-equipment 5,950 Accounts payable 4,080 D. Carla Vista, drawings 3,010 Service revenue 63,800 Depreciation expense 4.100 Rent revenue 8.100 D. Carla Vista, capital (beginning of the year) 51.750 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Prepare a statement of owner's equity for the year. The owner did not make any new investments during the year. (List items that increase owner's equity first.) CARLA VISTA COMPANY Statement of Owner's Equity Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) CARLA VISTA COMPANY Balance Sheet Assets
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