Question: can you please answer this quation and I will give u a like right away.Thanks Longhorn Corporation provides low-cost food delivery services to senior citizens.

can you please answer this quation and I will give u a like right away.Thanks  can you please answer this quation and I will give u
a like right away.Thanks Longhorn Corporation provides low-cost food delivery services to
senior citizens. At the end of the year on December 31, 2021,
the company reports the following amounts: Canh Equipment Accounts payable Delivery expense

Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2021, the company reports the following amounts: Canh Equipment Accounts payable Delivery expense Salaries expense $ 1,300 service revenue 23,000 Cont of goods sold food expense 3,200 Buildings 2,800 Supplies 5,700 Salarien payable 568,700 33.600 28,000 2.200 900 In addition, the company had common stock of $28,000 at the beginning of the year and issued an additional $2,800 during the year. The company also had retained earnings of $13,000 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the balance sheet for Longhorn Corporation Complete this question by entering your answers in the tabs below. Required 1 Rece red 2 Required 3 Prepare the income statement for Longhorn Corporation. LONGHORN CORPORATION Income Statement For the year ended Dec. 31, 2021 : $ Cash 1,300 : Expenses: 0 Total expenses

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!