Listed below are the year-end balances of the Sun Shine Ice Company which is owned by Frank Snow. Prepare the year-end financial statements.
Sales (income)$ 37,600
Wages expense 17,400
Rent Expense 9,300
Drawing 4,000
Supplies Expense 7,200
Miscellaneous Expense 750
Cash 11,600
Capital, January 1, 19XX 17,100
Account Receivable 7,400
Supplies 1,300
Prepare Insurance 1,200
Land(fixed asset)4,200
Equipment (fixed asst) 3,700
Account Payable 2,950
Note Payable 6,200
Mortgage Payable (long-term)