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The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2016, the end of the year, and its revenue and expenses
The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2016, the end of the year, and its revenue and expenses for the year follow. The retained earnings were $600,000 on January 1, 2016, the beginning of the year. During the year, dividends of $42,000 were paid. (10 points) Accounts Payable 69,500 Miscellaneous expense 6,400 Accounts Receivable 285,000 Rent expense 36,000 Cash 190,500 Supplies 5,500 Common Stock 70,000 Supplies Expense 4,100 Fees Earned 912,500 Utilities Expense 28,500 544,000 Wages Expense 510,000 Land Using the information above prepare a balance Sheet as of December 31, 2016 (10 points) Please answer the question in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figure out where it goes! Will give a thumbs up if the answer is correct! If you have trouble reading any of the images please let me know so I can post another picture
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