fari File Edit View History Bookmarks Window HelpClick here to access eBook for WarrenJones Corporate Financi...:VChapter 1: Introduction to Accounting and BusinessLCENGAGE MINDTAPQ2>2WSX2BE 1-4BE1-4 Income StatementObj. 5The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow:Obj. 53Fees earnedOffice expenseMiscellaneous expenseWages expensePrepare an income statement for the year ended August 31, 20Y6.BE 1-5BE 1-5 Statement of Stockholders' Equity20EDF3C888RF%5Ang.cengage.comVMindTap - Cengage LearningTG$1,150,000150,00045,000640,000O ♫BY&7HAF7UN* CO8JF8MDOKWAAF10a 8Document.docxQ Search thi8

Income statement is one of the financial statement being prepared in business. The main purpose is…

BE 1-4 Income Statement M Obj. 5 The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned Office expense Miscellaneous expense Wages expense A Prepare an income statement for the year ended August 31, 20Y6. $1,150,000 150,000 45,000 640,000 AA

BE 1-4 Income Statement M Obj. 5 The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned Office expense Miscellaneous expense Wages expense A Prepare an income statement for the year ended August 31, 20Y6. $1,150,000 150,000 45,000 640,000 AA

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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fari File Edit View History Bookmarks Window Help
Click here to access eBook for WarrenJones Corporate Financi...
:
V
Chapter 1: Introduction to Accounting and Business
L
CENGAGE MINDTAP
Q
2
>
2
W
S
X
2
BE 1-4
BE
1-4 Income Statement
Obj. 5
The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow:
Obj. 5
3
Fees earned
Office expense
Miscellaneous expense
Wages expense
Prepare an income statement for the year ended August 31, 20Y6.
BE 1-5
BE 1-5 Statement of Stockholders' Equity
20
E
D
F3
C
888
R
F
%
5
Ang.cengage.com
V
MindTap - Cengage Learning
T
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$1,150,000
150,000
45,000
640,000
O ♫
B
Y
&
7
H
A
F7
U
N
* CO
8
J
F8
M
DO
K
W
AA
F10
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Document.docx
Q Search thi
8

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DATE OF PAY PERIOD ENDING 20- 20 PAYMENT NET СК. EARNINGS DEDUCTIONS EMPLOYEE MAR. TOTAL NAME ALLOW RATE SOC. SEC. FED. INC. STATE INC. HOSP. INS OTHERS TOTAL PAY NO. NUMBER STATUS HOURS REGULAR OVERTIME TOTAL MED. TAX TAX TAX TAX 10 2 3 6. 9. 10 11 10 12 11 13 14 13 15 14 16 17 15 18 16 17 18 25 12 7.
DIRECTIONS 1 Journalize the entry to RECORD the payroll 2 Journalize the entry to RECORD the employer's payroll taxes (SUTA rate is 3.7%) 3 Journalize the entry to deposit the FICA and FIT taxes TOTAL EARNINGS FICA OASDI FICA HI FIT W/H STATE TAX UNION DUES NET PAY $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 1 JOURNAL DATE DESCRIPTION DEBIT CREDIT 2 JOURNAL DATE DESCRIPTION DEBIT CREDIT…
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