The bookkeeper of Saturn Landscaping prepared the company’s balance sheet while the accountant was ill. The balance sheet, shown on the next page, contains numerous errors. In particular, the bookkeeper knew that the balance sheet should balance and therefore plugged in the owner’s equity amount needed to achieve this balance.

The Feeney, Capital balance is incorrect. All other amounts are correct, but some are out of place or should not be included on this statement. Prepare a corrected balance sheet.

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Assets Cash Supplies Land Salaries Expense Office Furniture Notes Payable Rent Expense Total Assets SATURN LANDSCAPING Balance Sheet Month Ended July 31, 2025 Liabilities $ 5,000 Accounts Receivable $ 2,300 800 Feeney, Withdrawals 28,400 Service Revenue 8,000 39,200 3,500 Property Tax Expense 2,000 5,200 Accounts Payable 2,800 26,400 Owner's Equity 700 Feeney, Capital $70,000 Total Liabilities 15,700 $ 70,000