Question
These financial statement items are for Sunland Company at year-end, July 31, 2022. Salaries and wages payable $2,300 Notes payable (due after 2023) $2,000
These financial statement items are for Sunland Company at year-end, July 31, 2022. Salaries and wages payable $2,300 Notes payable (due after 2023) $2,000 Salaries and wages expense 51,500 Cash 14,100 Utilities expense 22,200 Accounts receivable 9,000 Equipment 31,200 Accumulated depreciation-equipment 5,800 Accounts payable 4,900 Owner's drawings 2,600 Service revenue 60,500 Depreciation expense 3,700 Rent revenue 8,000 Owner's capital (beginning of the year) 50,800 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) SUNLAND COMPANY Income Statement Prepare an owner's equity statement for the year. The owner did not make any new investments during the year. SUNLAND COMPANY Owner's Equity Statement Assets Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) SUNLAND COMPANY Balance Sheet Liabilities and Owner's Equity > B
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