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Einancial statements Instructions Show Me How Labels and Amount Descriptions Income Statement Instructions The amounts of the assets and abilities of Journey Travel Agency
Einancial statements Instructions Show Me How Labels and Amount Descriptions Income Statement Instructions The amounts of the assets and abilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue and expenses for the year follow. The retained earnings were $1,341,000 on January 1, 2018, the beginning of the year. During the year, dividends of $75,000 were paid. Accounts payable $69,500 Accounts receivable 236,500 Cash 190,500 Common stock 450.000 Fees earned 383.500 Land 1.500.000 Miscellaneous expense 14.500 Reni expense 22,500 Supplies 7,000 Supplies expense 11,300 Uses expense 16,700 Wages expense 170,000
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