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Income Statement, Statement of stockholders' equity, and Balance Sheet Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 2016 below. As of
Income Statement, Statement of stockholders' equity, and Balance Sheet Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 2016 below. As of October 1, 2015, the beginning of the current year, Viva Travel Service reported retained earnings as $33,650, and common stock as $7,500. During the current year, dividends in the amount of $18,200 were paid. Accounts payable $12,160 Accounts receivable Common stock 80,110 15,000 Cash 131,430 Fees earned 442,800 Miscellaneous expense 3,440 Rent expense 57,340 Supplies 5,660 Supplies expense 9,180 Utilities expense 34,410 Wages expense 163,840 Instructions: 1. Prepare an income statement for the current year ended September 30, 2016. Viva Travel Service Income Statement For the Year Ended September 30, 20Y6 Operating expenses: Total operating expenses 2. Prepare a statement of stockholders' equity for the current year ended September 30, 2016. If an amount is zero, enter "0". Enter negative value for dividends. Viva Travel Service Statement of Stockholders' Equity For the Year Ended September 30, 20Y6 Balances, Oct. 1, 20Y5 Balances, Sept. 30, 2016 Common Stock Retained Earnings Total 3. Prepare a balance sheet as of September 30, 2016. When entering assets, enter them in order of liquidity. Viva Travel Service Balance Sheet September 30, 20Y6 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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