1. The account balances of Awesome Travel Services at December 31 are listedd below. There were...

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1. The account balances of Awesome Travel Services at December 31 are listedd below. There were no additional investments or withdrawals by J. Trendsetter during the year $12,000 $10,000 Accounts Payable J. Trendsetter, Capital (Jan. 1) 14,000 Accounts Receivable 1,000 Supplies Cash 18,000 Taxes Expense 1,300 21,000 Utilities Expense 8,000 Computer Equipment Fees Earned 78,000 Wages Expense 25,000 Rent Expense 10,000 Supplies Expense 1,700 Prepare an income statement, statement of owner's equity, and a balance sheet as of December 31. 1. The account balances of Awesome Travel Services at December 31 are listedd below. There were no additional investments or withdrawals by J. Trendsetter during the year $12,000 $10,000 Accounts Payable J. Trendsetter, Capital (Jan. 1) 14,000 Accounts Receivable 1,000 Supplies Cash 18,000 Taxes Expense 1,300 21,000 Utilities Expense 8,000 Computer Equipment Fees Earned 78,000 Wages Expense 25,000 Rent Expense 10,000 Supplies Expense 1,700 Prepare an income statement, statement of owner's equity, and a balance sheet as of December 31.

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Income Statement Income statement is a financial statement which shows the tota... View the full answer