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All one question Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 2016 below. As of October 1, 2045, the beginning of
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Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 2016 below. As of October 1, 2045, the beginning of the current year, Viva Travel Service reported retained earnings as $58,410, and common stock as $7,500. During the current year, dividends in the amount of $31,500 were paid. Accounts payable $20,310 Accounts receivable 123,738 Common stock 15,000 Cash 219,512 Fees earned 768,600 Miscellaneous expense 6,130 Rent expense 102,220 Supplies 9,460 Supplies expense 16,360 Utilities expense 61,330 Wages expense 292,070 Instructions: 1. Prepare an income statement for the current year ended September 30, 2016. Instructions: 1. Prepare an income statement for the current year ended September 30, 20Y6. Viva Travel Service Income Statement For the Year Ended September 30, 2016 Operating expenses: Total operating expenses 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. Viva Travel Service Statement of Stockholders' Equity For the Year Ended September 30, 2016 Common Stock Retained Earnings Total Balances, Oct. 1, 2015 Balances, Sept. 30, 2016 3. Prepare a balance sheet as of September 30, 20Y6. When entering assets, enter them in order of liquidity. Viva Travel Service Balance Sheet September 30, 2016 3. Prepare a balance sheet as of September 30, 20Y6. When entering assets, enter them in order of liquidity. Viva Travel Service Balance Sheet September 30, 2016 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity VIVa Traverservice Balance Sheet September 30, 2016 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equityStep by Step Solution
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