Financial accounting

 

unland 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

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.)