chapter 1

Financial Statements 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 $39,270 at May 1, 2018, the beginning of the year, and the owner withdrew $18,500 during the year. 3. Prepare a balance sheet as of April 30, 2019. When entering assets, enter them in order of liquidity. 4. What item appears on both the statement of owner's equity and the balance sheet? 1. Prepare an income statement for the year ended April 30, 2019. 2. Prepare a statement of owner's equity for the year ended April 30, 2019