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i need help with 2,3 and 4 please 2. Prepare a statement of stockholders' equity for the year ended April 30, 20Y7. If an amount
i need help with 2,3 and 4 please
2. Prepare a statement of stockholders' equity for the year ended April 30, 20Y7. If an amount box does not require, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Wilderness Travel Service Statement of Stockholders' Equity For the Year Ended April 30, 2017 Common Stock Retained Earnings Total 3. Prepare a balance sheet as of April 30, 2017. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April 30, 2017 Assets 0000 Financial Statements The assets and liabilities of Wilderness Travel Service on April 30, 20Y7, and its revenue and expenses for the year are as follows: $25,000 Rent expense $75,000 Accounts payable Accounts receivable 210,000 Supplies 9,000 Cash 156,000 Supplies expense 12,000 Common stock 35,000 Taxes expense 10,000 Fees earned 875,000 Utilities expense 38,000 Miscellaneous expense 15,000 Wages expense 525,000 Common stock was $25,000 and retained earnings was $155,000 as of May 1, 20Y6. During the year, additional common stock of $10,000 was issued for cash, and dividends of $40,000 were paid. Required: 3. Prepare a balance sheet as of April 30, 20Y7. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April 30, 20Y7 Assets Total assets Liabilities Stockholders' Equity 0 10000 8 Total stockholders' equity Total liabilities and stockholders' equity 4. What item appears on both the income statement and statement of stockholders' equity Step by Step Solution
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