these questions are already done I just wanna know how to do them step-by-step
Homework Chapter 1 Boll Show Me How Calculator Financial Statements The assets and liabilities of Wilderness Travel Service on April 30, 2017, and its revenue and expenses for the year are as follows: Accounts payable $25,000 Rent expense $75,000 Accounts receivable 210,000 Supplies 9,000 Cash 150,000 Supplies expense 12,000 Common stock 35,000 Taxes expense Fees earned 875,000 Utilities expense 38.000 Miscellaneous expense 15,000 Wages expense 525,000 Common stock was $25,000 and retained earnings was $155,000 as of May 1, 2016. During the year, additional common stock of $10,000 was issued for cash, and dividends of $40,000 were paid. Required: 10,000 1. Prepare an income statement for the year ended April 30, 2017 Wilderness Travel Service Income Statement For the Year Ended April 30, 2017 Fees earned 375.000 Expenses Wages expense 525.000 Rent expense 75.000 Utilities expense 38.000 Supplies expense 12.000 Homework Chapter 1 Book Show Me HO Common stock was $25,000 and red wings was $155.000 as of May 1, 2016. During the year, additional common stock of $10,000 wahodd den 10.000 Required 1. Prepare an income statement for the year ended April 30, 2017 Wilderness Travel Service Income Statement For the Year Ended April 10, 2017 Fees earned 75.000 Expenses Wages expense S25.000 75.000 Rent expense Utilities expense Supplies expense 38.000 12.00 10.000 Taxes expense Miscellaneous expense 15.000 675.000 Total expenses 200 000 2. Prepare a statement of stockholders' equity for the year ended fort, 2007. un amount be does not read, we are not been is curred sign Wilderness Travel Service Statement of Stockholders' Equity For the Year Ended April 30, 2017 Common Stock Retained Earnings 2.000 Total 1. 10.000 Balances, May 1, 2016 Issued common stock Net Income Dividends 10.000 . 200.000 e . 40.000 Balance, April 1,7 35.000 315.000 350.00 Comed Homework Chapter 1 eBook Show Me How Calculator 3. Prepare a balance sheet as of April 30, 2017. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April 30, 2017 Assets Cash 156.000 210.000 Accounts receivable Supplies 9.000 Total assets 375.000 Liabilities Accounts payable 25.000 Stockholders' Equity 35.000 Common stock Retained earnings 315.000 Total stockholders' equity 350.000 375.000 Total liabilities and stockholders' equity