The assets and liabilities of Escape Travel Service at December 31, 2015, the end of the current

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The assets and liabilities of Escape Travel Service at December 31, 2015, the end of the current year, and its revenue and expenses for the year are listed below.

Prepare an income statement for the current year ended December 31, 2015.

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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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Question Posted: Sep 15, 2015 01:38 AM

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The assets and liabilities of Escape Travel Service at December 31, 2015, the end of the current

Question:

Accounts payable 52,500 Accounts receivable 94.375 Cash Fees earned Land 56.750 942,500 362,500 Miscellaneous expense Office expense Supplies Wages expense 15,875 391,625 6,375 562,500

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