Answered step by step
Verified Expert Solution
Question
1 Approved Answer
v.com/ilm/takeAssignment/takeAssignmentMain.doiopropress-true A Calculator Print tem eBook Show Me How NKSHEET.AL.. Instructions The assets and llabities of lobal Travel Agency on December 31, 20Y5, and its
v.com/ilm/takeAssignment/takeAssignmentMain.doiopropress-true A Calculator Print tem eBook Show Me How NKSHEET.AL.. Instructions The assets and llabities of lobal Travel Agency on December 31, 20Y5, and its revenue and experses for the year are as folows Statement of Stockholders' Equity Shaded oele have feedback ANKSHEET 2. Prepare a statement of stockholders'equty for the vear ended December 31, 20Y5. Roter to me ists of Accounta, Labels and Amount Descriptions for the evact wording of the answer choices for teat entries. e sure to complete the statement heading ifa ret ass is incued or dividenda ware paid anar Mat amount a a negative number oping a minus sign if an amount box does not require an entry leave it blank. Global Travel Agency Score: 52/80 Statement of Stockholders Equity For the Year Ended December 31, 20Y5 Retained Common Stack Total Eamings 2 Balances, lanuary 1, 20Y5 $525,00000 $1250000.00 $1,775.00000 3 bsued common stock S0 00000 4 Net income 402.00000" 5 Dividends P0,000.00) (F0.00000 $575,00000 SI1.160000.00) $2.087.000 00 Balances, December 31 20Y5 Points: 11.7/18 Previous Check y Work O more Check My Work uses remaining tems Save and Exit 9.39% All work saved. Submit Assignment for Grading 80 10 %24 4. 8 delete 5 6 K re akeAssignmentMain.do?inprogress%=true O eBook Show Me How Calculator E Print Item Financial statements Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet Final Question The assets and liabilities of Global Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts payable $108,000 Miscellaneous expense $19,500 Accounts receivable 539,000 Rent expense 56,000 Cash 200,000 Supplies 6,000 Common stock 575,000 Supplies expense 12,700 Fees earned 940,000 Utilities expense 34,800 Land 1,500,000 Wages expense 415,000 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 dividends of $90,000 were paid. Retained Total stockholders' equity Common Stock Total Eamings Total liabilities and stockholders' equity $525,000.00 $1,250,000.00 $1.775,000.00 50,000.00 Instructions Accounts, Labels and Amount Descriptions Income Statement Instructions Income Statement Shaded cells have 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 colons (:) on the statement. Global Travel Agency Score: 75/75 Income Statement For the Year Ended December 31, 20Y5 1 Fees earned $940,000.00 2 Expenses: Miscellaneous expense $19,500.00 Rent expense 56,000.00* 12,700.00 Supplies expense 34.800.00 Utilities expense 415,000.00 Wages expense 538,000.00 Total expenses $402,000.00 Net income Points: Check My Work 0 more Check My Work uses remaining. v.com/ilm/takeAssignment/takeAssignmentMain.doiopropress-true A Calculator Print tem eBook Show Me How NKSHEET.AL.. Instructions The assets and llabities of lobal Travel Agency on December 31, 20Y5, and its revenue and experses for the year are as folows Statement of Stockholders' Equity Shaded oele have feedback ANKSHEET 2. Prepare a statement of stockholders'equty for the vear ended December 31, 20Y5. Roter to me ists of Accounta, Labels and Amount Descriptions for the evact wording of the answer choices for teat entries. e sure to complete the statement heading ifa ret ass is incued or dividenda ware paid anar Mat amount a a negative number oping a minus sign if an amount box does not require an entry leave it blank. Global Travel Agency Score: 52/80 Statement of Stockholders Equity For the Year Ended December 31, 20Y5 Retained Common Stack Total Eamings 2 Balances, lanuary 1, 20Y5 $525,00000 $1250000.00 $1,775.00000 3 bsued common stock S0 00000 4 Net income 402.00000" 5 Dividends P0,000.00) (F0.00000 $575,00000 SI1.160000.00) $2.087.000 00 Balances, December 31 20Y5 Points: 11.7/18 Previous Check y Work O more Check My Work uses remaining tems Save and Exit 9.39% All work saved. Submit Assignment for Grading 80 10 %24 4. 8 delete 5 6 K re akeAssignmentMain.do?inprogress%=true O eBook Show Me How Calculator E Print Item Financial statements Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet Final Question The assets and liabilities of Global Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts payable $108,000 Miscellaneous expense $19,500 Accounts receivable 539,000 Rent expense 56,000 Cash 200,000 Supplies 6,000 Common stock 575,000 Supplies expense 12,700 Fees earned 940,000 Utilities expense 34,800 Land 1,500,000 Wages expense 415,000 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 dividends of $90,000 were paid. Retained Total stockholders' equity Common Stock Total Eamings Total liabilities and stockholders' equity $525,000.00 $1,250,000.00 $1.775,000.00 50,000.00 Instructions Accounts, Labels and Amount Descriptions Income Statement Instructions Income Statement Shaded cells have 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 colons (:) on the statement. Global Travel Agency Score: 75/75 Income Statement For the Year Ended December 31, 20Y5 1 Fees earned $940,000.00 2 Expenses: Miscellaneous expense $19,500.00 Rent expense 56,000.00* 12,700.00 Supplies expense 34.800.00 Utilities expense 415,000.00 Wages expense 538,000.00 Total expenses $402,000.00 Net income Points: Check My Work 0 more Check My Work uses remaining
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started