Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30,20Y5, the
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Financial Statements
The amounts of the assets and liabilities of Wilderness Travel Service at April 30,20Y5, the end of the year, and its revenue and expenses for the year follow. The capital of Harper Borg, owner, was $180,000 at May 1, 20Y4, the beginning of the year, and the owner withdrew $40,000 during the year.
Accounts payable $25,000 Accounts receivable 210,000 Cash 146,000 Fees earned 875,000 Miscellaneous expense 15,000 Rent expense 75,000 Supplies 9,000 Supplies expense 12,000 Taxes expense 10,000 Utilities expense 38,000 Wages expense 525,000
how do you make an income statement, statement of owners equity, and balance sheet for the year April, 30 20Y5?
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