The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and...

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The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts payable Accounts receivable Cash Common stock Fees earned Land $52,000 Miscellaneous expense 310,400 198,600 Supplies Supples expense 325,000 1,400,000 Utilities expense 1,350,000 Wages expense Rent expense $22,100 75,000 6,000 15,300 40,000 870,000 Common stock was $250,000 and retained earnings was $1,160,400 as of January 1, 20Y5. During the year, additional common stock of $75,000 was issued for cash, and dividends of $50,000 were paid Required: 1. Prepare an income statement for the year ended December 31, 2015 2. Prepare a statement of stockholders' equity for the year ended December 31, 2015 3. Prepare a balance sheet as of December 31, 2015 4. What items appear on both the statement of stockholders' equity and the balance sheet? Th Accounts, Labels and Amount Descriptions Co div Accounts Accounts receivable Accounts payable Cash Common stock Fees earned Land Miscellaneous expense Rent expense Retained earnings Supplies Supplies expense Utilities expense Wages expense X Ins Accounts, Labels and Amount Descriptions wayos unpondo Th 8 Co div Labels December 31, 20Y5 Expenses For the Year Ended December 31, 20Y5 Amount Descriptions Balances, January 1, 20Y5 Balances, December 31, 20Y5 Dividends Issued common stock Net income Net loss Total assets Total expenses Total stockholders' equity Total liabilities and stockholders' equity X 20 What itame onnoor on both the statement of stockholder! uity and the holone Income Statement 1. Prepare an income statement for the year ended December 31, 20Y5. Income Statement Instructions 2 (Label) Adventure Travel Agency Income Statement (Label) X imm Income Statement 1. Ind Statement of Stockholders' Equity 2. Prepare a statement of stockholders' equity for the year ended December 31, 2015. Statement of Stockholders' Equity Instructions Adventure Travel Agency Statement of Stockholders' Equity (Label) 2UTJ Common Stock Retained Earnings Total 2. 2 Balance Sheet 3. Prepare a balance sheet as of December 31, 2015. Balance Sheet Instructions Assets Adventure Travel Agency Balance Sheet (Label). Final Question 4. What items appear on both the statement of stockholders' equity and the balance sheet? Check all that apply. Accounts receivable Accounts payable Cash Ending common stock Land Retained earnings Supplies The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts payable Accounts receivable Cash Common stock Fees earned Land $52,000 Miscellaneous expense 310,400 198,600 Supplies Supples expense 325,000 1,400,000 Utilities expense 1,350,000 Wages expense Rent expense $22,100 75,000 6,000 15,300 40,000 870,000 Common stock was $250,000 and retained earnings was $1,160,400 as of January 1, 20Y5. During the year, additional common stock of $75,000 was issued for cash, and dividends of $50,000 were paid Required: 1. Prepare an income statement for the year ended December 31, 2015 2. Prepare a statement of stockholders' equity for the year ended December 31, 2015 3. Prepare a balance sheet as of December 31, 2015 4. What items appear on both the statement of stockholders' equity and the balance sheet? Th Accounts, Labels and Amount Descriptions Co div Accounts Accounts receivable Accounts payable Cash Common stock Fees earned Land Miscellaneous expense Rent expense Retained earnings Supplies Supplies expense Utilities expense Wages expense X Ins Accounts, Labels and Amount Descriptions wayos unpondo Th 8 Co div Labels December 31, 20Y5 Expenses For the Year Ended December 31, 20Y5 Amount Descriptions Balances, January 1, 20Y5 Balances, December 31, 20Y5 Dividends Issued common stock Net income Net loss Total assets Total expenses Total stockholders' equity Total liabilities and stockholders' equity X 20 What itame onnoor on both the statement of stockholder! uity and the holone Income Statement 1. Prepare an income statement for the year ended December 31, 20Y5. Income Statement Instructions 2 (Label) Adventure Travel Agency Income Statement (Label) X imm Income Statement 1. Ind Statement of Stockholders' Equity 2. Prepare a statement of stockholders' equity for the year ended December 31, 2015. Statement of Stockholders' Equity Instructions Adventure Travel Agency Statement of Stockholders' Equity (Label) 2UTJ Common Stock Retained Earnings Total 2. 2 Balance Sheet 3. Prepare a balance sheet as of December 31, 2015. Balance Sheet Instructions Assets Adventure Travel Agency Balance Sheet (Label). Final Question 4. What items appear on both the statement of stockholders' equity and the balance sheet? Check all that apply. Accounts receivable Accounts payable Cash Ending common stock Land Retained earnings Supplies

Answer rating: 100% (QA)

Calculations Total Expenses Miscellaneous Expense Rent Expense Supplies Expense Utilities Expense Wages Expense Total Expenses 22100 75000 15300 40000 ... View the full answer