Solution-Prepare a statement of owner equity

Prepare a statement of owner equity

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Reference no: EM133014253

Question - Sunland Engineering Services is owned by François Sunland. Here is a listing of financial statement items for the business for the year ended December 31, 2021.

Cash $1,200

Accounts receivable 1,680

Supplies 720

Equipment 7,440

Accounts payable 980

Salaries payable 548F.

Sunland, capital January 1, 2021 7,800F.

Sunland, drawings 5,280

Service revenue 17,828

Rent expense 5,760

Salaries expense 3,720

Supplies expense 944

Utilities expense 412

Required -

A) Prepare income statement.

B) Prepare a statement of owner's equity. (List items that increase owner's equity first.)

C) Prepare balance sheet. (List Assets in order of liquidity.)

Reference no: EM133014253

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Prepare a statement of owner equity

Reference no: EM133014253

Reference no: EM133014253

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