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Posted on Sep 15, 2024

Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Instructions The assets and liabilities of Global Travel Agency on December 31, 2045,

Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Instructions The assets and liabilities of Global Travel Agency on December 31, 2045, and its revenue and expenses for the year are as follows: $19,500 Accounts payable Accounts receivable Cash 56,000 6.000 $108,000 Miscellaneous expense 530,000 Rent expense 200.000 Supplies 575.000 Supplies expense 940,000 Utilities expense 1,500,000 Wages expense Common stock Fees canned 12,700 34,800 Land 415,000 Common stock was $425,000 and retained earnings was $1,250,000 as of January 1, 20Y6. During the year, additional common stock of $50,000 was issued for cash, and dividends of $90.000 were paid Required: Supplies eBook Show Me How Calculator Financial statements Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' E Instructions Accounts, Labels and Amount Descriptions Income Statement (Label) 1 Net income > Fees earned 3 Net loss Rent expense 5 Supplies expense Utilities expense 1 Wages expense Check My Work 2 more Check My Work uses remaining. TE mentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false eBook Show Me How M Calculator Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity x Statement of Stockholders' Equity For the Year Ended December 31, 2015 I 1 Common Stock Retained Earnings $1,250,000.00 2 Balance, January 1, 2015 $525,000.00 3 Common stock 50,000.00 4 Dividends $1,775,000.00 50,000.00 (90,000.00) 402,000.00 5 Net Income (90,000.00) 402,000.00 6 Balance, December 31, 2015 $575,000.00 $1,562,000.00 $2,157,000.00 engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpr eBook Show Me How Calculator Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet 5 Total assets 2.239,000.00 6 2 Liabilities # Accounts payable $108,000.00 Stockholders' Equity 10 Common stock $575,000.00 11 Retained earnings 1,556,000.00 12 total abilities and stockholders equity 13 Check My Work 2 more Check My Work uses remaining TI E Main SLOCROTO Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet Final Question 3 4. What items appears on both the statement of stockholders' equity and the balance sheet? Check all that apply. Accounts receivable Accounts payable Cash Ending common stock Land Retained earnings Supplies Check My Work 2 more Check My Work uses remaining. BI Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Instructions The assets and liabilities of Global Travel Agency on December 31, 2045, and its revenue and expenses for the year are as follows: $19,500 Accounts payable Accounts receivable Cash 56,000 6.000 $108,000 Miscellaneous expense 530,000 Rent expense 200.000 Supplies 575.000 Supplies expense 940,000 Utilities expense 1,500,000 Wages expense Common stock Fees canned 12,700 34,800 Land 415,000 Common stock was $425,000 and retained earnings was $1,250,000 as of January 1, 20Y6. During the year, additional common stock of $50,000 was issued for cash, and dividends of $90.000 were paid Required: Supplies eBook Show Me How Calculator Financial statements Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' E Instructions Accounts, Labels and Amount Descriptions Income Statement (Label) 1 Net income > Fees earned 3 Net loss Rent expense 5 Supplies expense Utilities expense 1 Wages expense Check My Work 2 more Check My Work uses remaining. TE mentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false eBook Show Me How M Calculator Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity x Statement of Stockholders' Equity For the Year Ended December 31, 2015 I 1 Common Stock Retained Earnings $1,250,000.00 2 Balance, January 1, 2015 $525,000.00 3 Common stock 50,000.00 4 Dividends $1,775,000.00 50,000.00 (90,000.00) 402,000.00 5 Net Income (90,000.00) 402,000.00 6 Balance, December 31, 2015 $575,000.00 $1,562,000.00 $2,157,000.00 engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpr eBook Show Me How Calculator Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet 5 Total assets 2.239,000.00 6 2 Liabilities # Accounts payable $108,000.00 Stockholders' Equity 10 Common stock $575,000.00 11 Retained earnings 1,556,000.00 12 total abilities and stockholders equity 13 Check My Work 2 more Check My Work uses remaining TI E Main SLOCROTO Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet Final Question 3 4. What items appears on both the statement of stockholders' equity and the balance sheet? Check all that apply. Accounts receivable Accounts payable Cash Ending common stock Land Retained earnings Supplies Check My Work 2 more Check My Work uses remaining. BI