Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 307 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 9.00

Wilderness Travel Service

Accounts payable

$  25,000

Rent expense

$  75,000

Accounts receivable

210,000

Supplies

9,000

Cash

146,000

Supplies expense

12,000

Common stock

35,000

Taxes expense

10,000

Fees earned

875,000

Utilities expense

38,000

Miscellaneous expense

15,000

Wages expense

525,000

 

 

  The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2016, the end of the year, and its revenue and expenses for the year follow. The retained earn- ings was $145,000 at May 1, 2015, the beginning of the year, and dividends of $40,000 were  paid  during  the year.

 

 

 

        Instructions

1.     Prepare an income statement for the year ended April 30, 2016.

 

2.     Prepare a retained earnings statement for the year ended April 30, 2016.

 

3.     Prepare a balance sheet as of April 30, 2016.

 

4.     What item appears on both the income statement and retained earnings statement?

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 08:08 PM My Price 9.00

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