Income Statement, Statement of stockholders’ equity, and Balance Sheet
Income Statement, Statement of
Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 20Y6 below. As of October 1, 20Y5, the beginning of the current year, Viva Travel Service reported
| Accounts payable | $22,290 |
| 134,312 | |
| Common stock | 15,000 |
| Cash | 240,858 |
| Fees earned | 801,300 |
| Miscellaneous expense | 6,230 |
| Rent expense | 103,770 |
| Supplies | 10,380 |
| Supplies expense | 16,600 |
| Utilities expense | 62,260 |
| Wages expense | 296,480 |
Instructions:
Question Content Area
1. Prepare an income statement for the current year ended September 30, 20Y6.
|
|
$- Select - | |
| Operating expenses: | ||
|
|
$- Select - | |
|
|
- Select - | |
|
|
- Select - | |
|
|
- Select - | |
|
|
- Select - | |
| Total operating expenses | fill in the blank 468b30fb105902a_13 | |
|
|
$- Select - | |
Question Content Area
2. Prepare a statement of stockholders' equity for the current year ended September 30, 20Y6. If an amount is zero, enter "0". Enter negative value for dividends.
| blank | Common Stock | Retained Earnings | Total |
| Balances, Oct. 1, 20Y5 | $fill in the blank be6ba506603c04b_1 | $fill in the blank be6ba506603c04b_2 | fill in the blank be6ba506603c04b_3 |
|
|
- Select - | - Select - | - Select - |
|
|
- Select - | - Select - | - Select - |
|
|
- Select - | - Select - | - Select - |
| Balances, Sept. 30, 20Y6 | $fill in the blank be6ba506603c04b_16 | $fill in the blank be6ba506603c04b_17 | $fill in the blank be6ba506603c04b_18 |
Question Content Area
3. Prepare a balance sheet as of September 30, 20Y6. When entering assets, enter them in order of liquidity.
| Assets | ||
|
|
$- Select - | |
|
|
- Select - | |
|
|
- Select - | |
| Total assets | $fill in the blank c34afb08a02807c_7 | |
| Liabilities | ||
|
|
$- Select - | |
| Stockholders' Equity | ||
|
|
$- Select - | |
|
|
- Select - | |
| Total stockholders' equity | fill in the blank c34afb08a02807c_14 | |
| Total liabilities and stockholders' equity | $fill in the blank c34afb08a02807c_15 |
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
