Q:
Following are the amounts of the assets and liabilities of Pedigree Travel agency at December 31, 2008, the end of the current year, and its revenue and expenses for the year. The capital of shiann Ott, was $115,000 on January 1, 2008, the beginning of the current year. During the current year, Shiann withdrew $40,000.
Accounts payable $12,500 Rent expense 25,000
Accounts receivable 42,300 Supplies 2,700
Cash 180,000 Supplies expenses 2,800
Fees earned 250,000 utilities expense 18,200
Miscellaneous expenses 1,500 Wages expenses 65,000
Instructions-
1. Prepare an income statement for the current year ended December 31, 2008
2. Prepare a statement of owner’s equity for the current year ended December 31, 2008.
3. Prepare a balance sheet as of December 31, 2008.
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Following are the amounts of the assets and liabilities of Pedigree Travel agency at December 31, 2008, the end of the current year, and its revenue and expenses for the year. The capital of shiann Ott, was $115,000 on January 1, 2008, the beginning of the current year. During the current year, Shiann withdrew $40,000.
Accounts payable $12,500 Rent expense 25,000
Accounts receivable 42,300 Supplies 2,700
Cash 180,000 Supplies expenses 2,800
Fees earned 250,000 utilities expense 18,200
Miscellaneous expenses 1,500 Wages expenses 65,000
Instructions-
1. Prepare an income statement for the current year ended December 31, 2008
2. Prepare a statement of owner’s equity for the current year ended December 31, 2008.
3. Prepare a balance sheet as of December 31, 2008.
PLEASE GET SOLUTION FROM http://www.onlinesolutionproviders.com/quesdetails.php?cid=8974&categoryID=25
free online backup
homework help
online tutors in accounting
online tutors in math
