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Please solve Income Statement, Statement of Stockholders equity, and balance sheet. Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet
Please solve Income Statement, Statement of Stockholders equity, and balance sheet.
Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet Final Question Instructions The assets and liabilities of Global Travel Agency on December 31, 2045, and its revenue and expenses for the year are as follows: Accounts payable Accounts receivable Cash $100,000 Miscellaneous expense 539,000 Rent expense 200,000 Supplies 575.000 Supplies expense 940,000 Utilities expense 1,500,000 Wages expense $19.500 56,000 6,000 12,700 34,800 415,000 Common stock Foes samed Land Common stock was $525,000 and retained earnings was $1.250,000 as of January 1, 20Y5. During the year, additional common stock of $50,000 was issued for cash, and dividendo of $90,000 were paid. Required: 1. Prepare an income statement for the year ended December 31, 2015. Refer to the list of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If there is a net loss, enter that amount as a negative number using a minus sign. You will not need to enter colors() on the income statement 2. Prepare a statement of olders' equity for the year ended December 31, 20YS. Refer to the list of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a netloss is incurred or dividends were part, enter that amount as a negative number using a minus sign. Wan amount box does not require an entry, leave it blank. 3. Prepare a balance sheet as of December 31, 20vs. Refer to the list of Account Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement reading 4. What ons appears on both the statement of stockholders'equly and the balance sheet? Accounts, Labels and Amount Descriptions Accounts receivable Accounts payable Cash Common stock Fees earned Land Miscellaneous expense Rent expense Retained earnings Supplies Supplies expense Utilities expense Wages expense Labels December 31, 2045 Expenses For the Year Ended December 31, 2045 Amount Descriptions Balances, January 1, 2045 Balances, December 31, 2045 Dividends Issued common stock Net income Net loss Total assets Total expenses Global Travel Agency Income Statement (Label) 2 (Label) 3 4 5 6 8 9 Global Travel Agency Statement of Stockholders' Equity For the Year Ended December 31, 20Y6 Common Stock Retained Earnings Total 3 5 Global Travel Agency Balance Sheet (Label) 1 Assets 2 6 7 Liabilities 8 9 Stockholders' Equity 10 11 12 13 Step by Step Solution
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