26 Sultan Company Trial Balance on December 31, 2019 is as follow: $ Dr. $...
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Finance
26 Sultan Company Trial Balance on December 31, 2019 is as follow: $ Dr. $ Cr. Cash 2,500 Supplies 2000 Prepaid license 2,400 Properties 85,000 Furniture 16,800 Accounts payable 5,400 Unearned revenue 3,600 Bank loan 40,000 Capital 56,000 Drawings 2000 Service revenue 10,200 Utilities expenses 1,000 Salaries expenses 3,000 Other expenses 500 Total $ 114,100 $ 114,100 Requird a. [15 marks] Prepare the income statement for the year ended December 31, 2019 b. [10 marks] Prepare the statement of owner's equity for the year ended December 31, 2019 c. [15 marks] Prepare the balance sheet as on December 31, 2019
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