4 Accounts Payable 5 Accounts Receivable 6 Aircraft Fuel Expense $4,650 580 8,700 7 Cash 8 Common Stock 2,970 1,220 9 Dividends 0 Equipment 1 Income Tax Expense 2 Interest Expense 20 14,370 260 130 3 Landing Fees Expense 3,100 4 Notes Payable 6,950 5 Repairs and Maintenance Expense 1,200 6 Retained Earnings (as of December 31) 5,780 7 Salaries and Wages Expense 3,280 8 Supplies 680 9 Ticket Revenues 17,100 20 1 Required: 2 1. Prepare an income statement for the year ended December 31. 3 (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) 4 (All numbers should appear as positive numbers.) 25 26 27 8) 9 NATIONAL AIRWAYS, Incorporated Income Statement For the Year Ended December 31 (Amounts in millions) 0 Revenues 1 Ticket Revenues 2 3 Total Revenues 4 Expenses 5 Aircraft Fuel Expense 6 income Tax Expense 7 interest Expense $17,100 17,100 8,700 260 130 8 Landing Fees Expense 3,100 9 Repairs and Maintenance Expense 1,200 A Graded Worksheet +
4 Accounts Payable 5 Accounts Receivable 6 Aircraft Fuel Expense $4,650 580 8,700 7 Cash 8 Common Stock 2,970 1,220 9 Dividends 0 Equipment 1 Income Tax Expense 2 Interest Expense 20 14,370 260 130 3 Landing Fees Expense 3,100 4 Notes Payable 6,950 5 Repairs and Maintenance Expense 1,200 6 Retained Earnings (as of December 31) 5,780 7 Salaries and Wages Expense 3,280 8 Supplies 680 9 Ticket Revenues 17,100 20 1 Required: 2 1. Prepare an income statement for the year ended December 31. 3 (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) 4 (All numbers should appear as positive numbers.) 25 26 27 8) 9 NATIONAL AIRWAYS, Incorporated Income Statement For the Year Ended December 31 (Amounts in millions) 0 Revenues 1 Ticket Revenues 2 3 Total Revenues 4 Expenses 5 Aircraft Fuel Expense 6 income Tax Expense 7 interest Expense $17,100 17,100 8,700 260 130 8 Landing Fees Expense 3,100 9 Repairs and Maintenance Expense 1,200 A Graded Worksheet +
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:4 Accounts Payable
5 Accounts Receivable
6 Aircraft Fuel Expense
$4,650
580
8,700
7
Cash
8 Common Stock
2,970
1,220
9 Dividends
0 Equipment
1 Income Tax Expense
2 Interest Expense
20
14,370
260
130
3 Landing Fees Expense
3,100
4 Notes Payable
6,950
5 Repairs and Maintenance Expense
1,200
6 Retained Earnings (as of December 31)
5,780
7 Salaries and Wages Expense
3,280
8
Supplies
680
9 Ticket Revenues
17,100
20
1 Required:
2 1. Prepare an income statement for the year ended December 31.
3 (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).)
4 (All numbers should appear as positive numbers.)
25
26
27
8)
9
NATIONAL AIRWAYS, Incorporated
Income Statement
For the Year Ended December 31
(Amounts in millions)
0 Revenues
1 Ticket Revenues
2
3 Total Revenues
4 Expenses
5 Aircraft Fuel Expense
6 income Tax Expense
7 interest Expense
$17,100
17,100
8,700
260
130
8 Landing Fees Expense
3,100
9 Repairs and Maintenance Expense
1,200
A Graded Worksheet +
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