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What are the answers for the red boxes/missing answer boxes? Liabilities and Owner's Equity Total Liabilities and Owner's Equity Accounts Payable 8,272 Unearned Revenue 15,048
What are the answers for the red boxes/missing answer boxes?
Liabilities and Owner's Equity Total Liabilities and Owner's Equity Accounts Payable 8,272 Unearned Revenue 15,048 Notes Payable 29,867 Total Liabilities 53,187 Owner's Equity J. Carla Vista, Capital |109,445 Total Liabilities and Owner's Equity %24 %24 Carla Vista's Home Renovations was started in 2008 by Jim Carla Vista. Jim operates the business from an office in his home. Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2021, and the revenues, expenses, and drawings for the year ended December 31, 2021: $8,272 Operating expenses $3,505 Accounts payable Accounts receivable 9,656 Prepaid insurance 1,048 8,551 Salaries expense Cash 88,091 28,952 Service revenue Equipment 153,774 Insurance expense 714 4,092 Supplies 1,456 Supplies expense Interest expense 19,498 J. Carla Vista, drawings 43,815 Unearned revenue 15,048 Notes payable 41,740 29,867 Vehicles Jim's capital at the beginning of 2021 was $44,157. He made no investments during the year. CARLA VISTA'S HOME RENOVATIONS Income Statement Year Ended December 31, 2021 Revenues 153,774 Service Revenue Expenses Salaries Expense 88,091 $3,505 Operating Expense Supplies Expense 19,498 4,092 Insurance Expense Interest Expense 1,456 Total Expenses 116,642 2$ J. Carla Vista, Capital, December 31 + 37,312 Carla Vista's Home Renovations was started in 2008 by Jim Carla Vista. Jim operates the business from an office in his home. Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2021, and the revenues, expenses, and drawings for the year ended December 31, 2021: $8,272 Operating expenses $3,505 Accounts payable Accounts receivable 9,656 Prepaid insurance 1,048 8,551 Salaries expense Cash 88,091 28,952 Service revenue Equipment 153,774 Insurance expense 714 4,092 Supplies 1,456 Supplies expense Interest expense 19,498 J. Carla Vista, drawings 43,815 Unearned revenue 15,048 Notes payable 41,740 29,867 Vehicles Jim's capital at the beginning of 2021 was $44,157. He made no investments during the year. Prepare the owner's equity statement. (List items that increase owner's equity first.) CARLA VISTA'S HOME RENOVATIONS Statement of Owner's Equity Year Ended December 31, 2021 J. Carla Vista, Capital, January 1 $44,157 Add +: Expenses 37,312 J. Carla Vista, Drawings Less + $43,815 J. Carla Vista, Capital, December 31 + 38,362 %24 %24
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