Question
Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its
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 $43,820 at May 1, 2018, the beginning of the year, and the owner withdrew $23,200 during the year. Accounts payable $14,630 Accounts receivable 78,300 Cash 158,060 Fees earned 576,600 Miscellaneous expense 4,600 Rent expense 76,690 Supplies 6,810 Supplies expense 12,270 Taxes expense 10,000 Utilities expense 46,010 Wages expense 219,110 Required: 1. Prepare an income statement for the year ended April 30, 2019. Wilderness Travel Service Income Statement For the Year Ended April 30, 2019
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