Cost Principle On June 25, Snap Repair Service extended an offer of $168,000 for land that had been priced for sale at $192,000. On July 9, Snap Repair Service compted the mater's counteroffer of $183,000. On October 1, the land was assessed at a value of $275,000 for property tax purposes. On December 22, Snap Repair Service was offered $293,000 for the land by a national retail chain At what value should the fond de recorded in Snap Repair Service's records? Accounting Equation Katherine Brewer is the older and operator of Way to Goula motivational consulting business. At the end of its conting period, December 31, 2017, way to Go hasta 741,000 and abilities of $178,000. Using the accounting equation, determine the following amounts: Secode'uty as of December 31, 2017 Se equity of December 31, 2018, numing that sets decreased by 141,000 and this decreased by 103,000 during 2016 The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees earned $835,590 Office expense 192,185 Miscellaneous expense 16,710 Wages expense 401,085 Prepare an income statement for the year ended May 31, 2018. Paradise Travel Service Income Statement For the Year Ended May 31, 2018 Expenses: Total expenses