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The account balances of Awesome Travel Services at December 31 are listed. There were no additional investments or dividends by Awesome Travel Services during the
The account balances of Awesome Travel Services at December 31 are listed. There were no additional investments or dividends by Awesome Travel Services during the year. Accounts payable Accounts receivable Cash Common stock Computer equipment Fees earned Rent expense Retained earnings (Jan. 1) Supplies Income taxes expense Utilities expense Wages expense Supplies expense $12,000 14,000 18,000 4,000 21,000 78,000 10,000 6,000 1,000 1,300 8,000 25,000 1,700 Prepare an income statement for the year ended December 31. Awesome Travel Services Income Statement For the Year Ended December 31 Line Item Description Amount Amount Previous
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