I have been asked to create a Balance Sheet for the following data: The following items are taken from the financial statements of Sunland Company for 2022: Accounts payable   $10,200   Accounts receivable   12,800   Accumulated depreciation—equipment   37,000   Advertising expense   21,800   Cash   13,000   Common stock   89,000   Depreciation expense   13,300   Dividends   15,100   Equipment   230,000   Insurance expense   3,100   Notes payable   74,000   Prepaid insurance   6,200   Rent expense   15,000   Retained earnings (beginning)   20,400   Salaries and wages expense   33,300   Salaries and wages payable   3,300   Service revenue   138,000   Supplies   3,100   Supplies expense   5,200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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I have been asked to create a Balance Sheet for the following data:

The following items are taken from the financial statements of Sunland Company for 2022:

Accounts payable   $10,200  
Accounts receivable   12,800  
Accumulated depreciation—equipment   37,000  
Advertising expense   21,800  
Cash   13,000  
Common stock   89,000  
Depreciation expense   13,300  
Dividends   15,100  
Equipment   230,000  
Insurance expense   3,100  
Notes payable   74,000  
Prepaid insurance   6,200  
Rent expense   15,000  
Retained earnings (beginning)   20,400  
Salaries and wages expense   33,300  
Salaries and wages payable   3,300  
Service revenue   138,000  
Supplies   3,100  
Supplies expense   5,200
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