The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $56,650 at May 1, 2018, the beginning of the year, and the owner withdrew $27,800 during the year. Accounts payable $19,240 Accounts recelvable 102,980 Cash 207,880 Fees earned 745,400 Miscellaneous expense 5,950 Rent expense 99,140 Supplies 8,950 Supplies expense 15,860 Taxes expense 10,000 Utilities expense 59,480 Wages expense 283,250 Required: 1. Prepare an income statement for the year ended April 30, 2019. Wilderness Travel Sendce

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Chapter1: Financial Statements And Business Decisions
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The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are
listed below. The capital of Harper Borg, owner, was $56,650 at May 1, 2018, the begining of the year, and the owner withdrew $27,800 during the year.
Accounts payable
$19,240
Accounts recelvable
102,980
Cash
207,880
Fees earned
745,400
Miscellaneous expense
5,950
Rent expense
99,140
Supplies
8,950
Supplies expense
15,860
Taxes expense
10,000
Utilities expense
59,480
Wages expense
283,250
Required:
1. Prepare an income statement for the year ended April 30, 2019.
Wilderness Travel Servlce
Check My Work 3 more Check My Work uses remaining.
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Transcribed Image Text:The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $56,650 at May 1, 2018, the begining of the year, and the owner withdrew $27,800 during the year. Accounts payable $19,240 Accounts recelvable 102,980 Cash 207,880 Fees earned 745,400 Miscellaneous expense 5,950 Rent expense 99,140 Supplies 8,950 Supplies expense 15,860 Taxes expense 10,000 Utilities expense 59,480 Wages expense 283,250 Required: 1. Prepare an income statement for the year ended April 30, 2019. Wilderness Travel Servlce Check My Work 3 more Check My Work uses remaining. Previous Next Ov 1 6:57 -> %23 $ % & backspa 4 5 6 8 e r y u f g k alt ctri
2. Prepare a statement of owner's equity for the year ended April 30, 2019.
Wilderness Travel Service
Statement of Owner's Equlty
For the Year Ended Aprll 30, 2019
3. Prepare a balance sheet as of April 30, 2019. When entering assets, enter them in order of liquidity.
Wilderness Travel Service
Balance Sheet
April 30, 2019
Assets
Total assets
Check My Work 3 more Check My Work uses remaining.
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Transcribed Image Text:2. Prepare a statement of owner's equity for the year ended April 30, 2019. Wilderness Travel Service Statement of Owner's Equlty For the Year Ended Aprll 30, 2019 3. Prepare a balance sheet as of April 30, 2019. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April 30, 2019 Assets Total assets Check My Work 3 more Check My Work uses remaining. -> ce %23 24 & 41 5 7 8. e y 3)
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