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Apy Ww De 120 The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and
Apy Ww De 120 The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and Accounts payable $ 69,500 Accounts receivable 236,500 Cash 190,500 Common stock 450,000 Fees earned Land Miscellaneous expense 383,500 1,500,000 14,500 22,500 Rent expense 7,000 11,300 Supplies Supplies expense Utilities expense Wages expense 16,700 170,000 Required: 1. Prepare an income statement for the year ended December 31, 2018 Refer to the Accounts given in the instructi Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to heading. If a net loss is incurred, enter that amount as a negative number using a minus sign. A colon () will auto required. 2. Prepare a retained earnings statement for the year ended December 31, 2018 Refer to the Accounts given in the lists of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Bes statement heading If a net loss is incurred or dividends were peid, enter that amount as a negative number using a "Less" or "Add" is not needed in the Retained Earnings Statement. 3. Prepare a balance sheet as of December 31, 2018 Refer to the Accounts given in the Instructions and to the lists Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statemen 4. What item appears on both the retained earnings statement and the balance sheet? and its revenue and expenses for the year follow The retained earnings were 51,341,000 on January 1 2010, the beginning of the year During the year, dividends of $75,000 were
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