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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, 20Y6 below. As of

Income Statement, Statement of stockholders equity, and Balance Sheet

Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 20Y6 below. As of October 1, 20Y5, the beginning of the current year, Viva Travel Service reported retained earnings as $32,970, and common stock as $7,500. During the current year, dividends in the amount of $17,500 were paid.

Line Item Description Amount
Accounts payable $11,940
Accounts receivable 78,897
Common stock 15,000
Cash 128,993
Fees earned 433,800
Miscellaneous expense 3,370
Rent expense 56,180
Supplies 5,560
Supplies expense 8,990
Utilities expense 33,710
Wages expense 160,510

3. Prepare a balance sheet as of September 30, 20Y6. When entering assets, enter them in order of liquidity.

Line Item Description Amount Amount
Assets
Accounts payableCommon stockCashRetained earningsWages expense $- Select -
Accounts payableAccounts receivableCommon stockRent expenseRetained earnings - Select -
Accounts payableCommon stockRetained earningsSuppliesSupplies expense - Select -
Total assets $Total assets
Liabilities
Accounts payableAccounts receivableCommon stockRetained earningsUtilities expense $- Select -
Stockholders' Equity
Accounts payableAccounts receivableCommon stockCashTaxes expense $- Select -
Accounts payableAccounts receivableCashMiscellaneous expenseRetained earnings - Select -
Total stockholders' equity Total stockholders' equity
Total liabilities and stockholders' equity $Total liabilities and stockholders' equity

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