Below are the financial accounts of Landscape Design Inc The
Below are the financial accounts of Landscape Design, Inc. The company has just completed its third year of operations ended November 30, 2011.


REQUIRED
1. Prepare the income statement, statement of retained earnings, and balance sheet for Landscape Design.
2. Explain the difference between Salaries Expense and Salaries Payable.
3. Evaluate the company’s ability to meet its bills when they comedue.
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