Reference no: EM133465501
Problem: Financial Accounting
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$1,200Accounts receivable1,680Supplies720Equipment7,440Accounts payable980Salaries payable548F. Sunland, capital January 1, 2021
7,800F. Sunland, drawings 5,280Service revenue17,828Rent expense5,760Salaries expense3,720Supplies expense944Utilities expense412
Problem 1. Prepare income statement.
Problem 2. Prepare a statement of owner's equity. (List items that increase owner's equity first.)
Problem 3. Prepare balance sheet. (List Assets in order of liquidity.)
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