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Please fill in the 2 blanks from requirement 5 with the data given. Wonder Wilderness Company is a service-based company that rents canoes for use
Please fill in the 2 blanks from requirement 5 with the data given.
Wonder Wilderness Company is a service-based company that rents canoes for use on local lakes and rivers. 10 years ago. They both worked for one of the "Big Four" accounting firms and became CPAS. Because they E business that will combine their love of outdoor activities with their business knowledge. Ashley and Zain decic Wonder Wilderness Company, or WWC for short. The business began operations on November 1, 2018. 1 (Click the icon to view the transactions.) Read the requirements. Wonder Wilderness Company Income Statement Month Ended November 30, 2018 Revenues: Canoe Rental Revenue 5,300 Expenses: Rent Expense 900 Utilities Expense 200 Wages Expense 1,600 Telephone Expense 130 Total Expenses 2,830 2,470 Net Income Choose from any list or enter any number in the input fields and then click Check Answer. %24 * CP1-55 Continuing Problem (similar to) Wonder Wilderness Company is a service-based company that rents canoes for use on local lakes and rive 10 years ago. They both worked for one of the "Big Four" accounting firms and became CPAS. Because the business that will combine their love of outdoor activities with their business knowledge. Ashley and Zain de Wonder Wilderness Company, or WWC for short. The business began operations on November 1, 2018. a (Click the icon to view the transactions.) Read the requirements. Review the ending balances of the accounts from Requirement1. Wonder Wilderness Company Statement of Retained Earnings Month Ended November 30, 2018 Retained Earnings, November 1, 2018 2,470 Net income for the month 2,470 (300) Dividends 2,170 Retained Earnings. November 30, 2018 Requirement 4. Prepare the balance sheet as of November 30, 2018. (If a box is not used in the statemen zero.) Review the ending balances of the accounts from Requirement1 Wonder Wilderness Company Choose from any list or enter any number in the input fields and then click Check Answer Requirement 4. Prepare the balance sheet as of November 30, 2018. (If a box is not used in the statement, leave the box empty: do n zero.) Review the ending balances of the accounts from Requirement 1. Wonder Wilderness Company Balance Sheet November 30, 2018 Assets Liabilities Cash 17 600 Accounts Payable 3,300 Accounts Receivable 2,500 Utilities Payable 200 Office Supplies 800 Telephone Payable 130 Canoes 4. 900 Total Liabilities 3,630 Stockholders' Equity Common Stock 20.000 Retained Earnings 2,170 Total Stockholders Equity 22,170 25,800 Total Assets Total Liabilities and Stockholders Equity 25,800 Requirement 5. Calculate the return on assets for Wonder Wilderness Company for November 2018. (Round the ROA to the nearest tenth Net Income Average total assets ROA 2.470 Choose from any list or enter any number in the input fields and then clickiCheck Step by Step Solution
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