Solve Statistica ..*Cengage Sig nM McGraw Hill - LoginFinancial StatementsThe amounts of the assets and liabilities of Wilderness Travel Service at April 30, 20Y5, the end of the year, and its revenue andexpenses for the year are listed below. The capital of Harper Borg, owner, was $42,030 at May 1, 20Y4, the beginning of the year, andthe owner withdrew $19,800 during the year.Accounts payable$14,740Accounts receivable78,900Cash159,260Fees earned553,000Miscellaneous expense4,300Rent expense71,610Supplies6,860Supplies expense11,460Taxes expense10,000Utilities expense42,970204,610Wages expenseRequired:1. Prepare an income statement for the year ended April 30, 20Y5.Wilderness Travel Service3:29 PM2/21/2021Income Statement 1. Prepare an income statement for the year ended April 30, 20Y5.Wilderness Travel ServiceIncome StatementFor the Year Ended April 30, 20Y5Expenses:Total expenses2. Prepare a statement of owner's equity for the year ended April 30, 20Y5.Wilderness Travel ServiceStatement of Owner's EquityFor the Year Ended April 30, 20Y5W%24%24%24

inancial The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 20Y5, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $42,030 at May 1, 20Y4, the beginning of the year, and the owner withdrew $19,800 during the year. Accounts payable $14,740 Accounts receivable 78,900 Cash 159,260 553,000

inancial The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 20Y5, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $42,030 at May 1, 20Y4, the beginning of the year, and the owner withdrew $19,800 during the year. Accounts payable $14,740 Accounts receivable 78,900 Cash 159,260 553,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 24CE

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