The assets and liabilities of Impeccable Travel Service at November 30, 2010, the end of the current
Question:
The assets and liabilities of Impeccable Travel Service at November 30, 2010, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner, Charly Maves, was $380,000 at December 1, 2009, the beginning of the current year.
Prepare an income statement for the current year ended November 30,2010.
Accounts payable Accounts receivable Miscellaneous expense Office expense $ 42,000 S 12,700 45,400 5,100 450,000 Cash Fees earned Land Supplies Wages expense 290,000
Step by Step Answer:
Impeccable Travel Service Income Statement For the Year Ended Novem...View the full answer
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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