Reference no: EM132992295

Question 1: Use the following accounts and information to prepare, in good form, an income statement, statement of equity, and balance sheet for Cooper Enterprises for the month ended December 31, 2021.

Accounts Payable                                        $ 5,400
Accounts Receivable                                       300
Buildings                                                         26,000
Cash                                                               3,100
Commissions Earned (Revenue)                             10,000
Insurance Expense                                                 500
Owner investment                                              42,200
Cooper Capital (Equity)                               0 (new business)
Land                                                                  20,000
Rent Expense                                                       1,800
Salaries Expense                                                   4,200
Supplies                                                                 200
Owner's withdrawls                                                1,500