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Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Service at September 30, 2016, the end
Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Service at September 30, 2016, the end of the current year, and its revenue and expenses for the year. The retained earnings were $34,540, and the common stock was $7,500 as of October 1, 2045, the beginning of the current year. During the current year, dividends of $18,700 were paid. Accounts payable $12,480 Accounts receivable 81,822 Common stock 15,000 Cash 134,888 Fees earned 454,500 Miscellaneous expense 3,530 Rent expense 58,860 Supplies 5,810 Supplies expense 9,420 Utilities expense 35,320 Wages expense 168,170 Instructions: 3. Prepare a balance sheet as of September 30, 2016. When entering assets, enter them in order of liquidity. Glacier Travel Service Balance Sheet September 30, 2016 Assets Total assets Liabilities Stockholders' Equity $ Total stockholders' equity Total liabilities and stockholders' equity
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