The following were taken from the accounting records of Fly By Night Travel, Inc., a travel...

 

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The following were taken from the accounting records of Fly By Night Travel, Inc., a travel agency, as of January 31, 2023. On the forms provided, prepare in Income Statement and a Statement of Stockholder's Equity for the month of January, and a classified Balance Sheet on January 31. Note that $8,000 of the note is due in 2023 and the balance of the note is due in 2024 (51 points) Accounts Payable Accounts Receivable Accumulated Depreciation - Building Rent Expense Common Stock Cash Depreciation Expense Dividends Building Fees Earned Notes Payable Retained Earnings, January 1 Retained Earnings, January 31 Salary Expense $6,000 18,000 19,000 4,500 21,000 24,000 5,000 1,500 42,000 67,500 18,000 13,500 ??? 50,000 The following were taken from the accounting records of Fly By Night Travel, Inc., a travel agency, as of January 31, 2023. On the forms provided, prepare in Income Statement and a Statement of Stockholder's Equity for the month of January, and a classified Balance Sheet on January 31. Note that $8,000 of the note is due in 2023 and the balance of the note is due in 2024 (51 points) Accounts Payable Accounts Receivable Accumulated Depreciation - Building Rent Expense Common Stock Cash Depreciation Expense Dividends Building Fees Earned Notes Payable Retained Earnings, January 1 Retained Earnings, January 31 Salary Expense $6,000 18,000 19,000 4,500 21,000 24,000 5,000 1,500 42,000 67,500 18,000 13,500 ??? 50,000

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To prepare the requested financial statements for Fly By Night Travel Inc well start with the Income ... View the full answer