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eBook Show Me How Video Question Content Area Income Statement, Statement of stockholders equity, and Balance Sheet Viva Travel Service reported assets, liabilities, revenues and
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Question Content Area
Income Statement, Statement of stockholders equity, and Balance Sheet
Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 20Y6 below. As of October 1, 20Y5, the beginning of the current year, Viva Travel Service reported retained earnings as $32,970, and common stock as $7,500. During the current year, dividends in the amount of $17,500 were paid.
Line Item Description | Amount |
---|---|
Accounts payable | $11,940 |
Accounts receivable | 78,897 |
Common stock | 15,000 |
Cash | 128,993 |
Fees earned | 433,800 |
Miscellaneous expense | 3,370 |
Rent expense | 56,180 |
Supplies | 5,560 |
Supplies expense | 8,990 |
Utilities expense | 33,710 |
Wages expense | 160,510 |
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.
Line Item Description | Common Stock | Retained Earnings | Total |
---|---|---|---|
Balances, Oct. 1, 20Y5 | $Balances, Oct. 1, 20Y5 | $Balances, Oct. 1, 20Y5 | Balances, Oct. 1, 20Y5 |
CashDecrease in cashIncrease in cashIssuance of common stockNet loss | - Select - | - Select - | - Select - |
Accounts payableAccounts receivableCashNet incomeNet loss | - Select - | - Select - | - Select - |
Accounts payableAccounts receivableCashDividendsNet loss | - Select - | - Select - | - Select - |
Balances, Sept. 30, 20Y6 | $Balances, Sept. 30, 20Y6 | $Balances, Sept. 30, 20Y6 | $Balances, Sept. 30, 20Y6 |
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