Question

Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Service at September 30, 20Y6, the end of the current year, and its revenue and expenses for the year. The retained earnings were $48,840 on October 1, 20YS, the beginning of the current year. During the current year, dividends of $23,900 were paid $17,140 106,749 15,000 185,211 642,600 5,130 85,470 7,980 13,670 51,280 244,190 Accounts payable Accounts receivable Common stock Cash Fees earned Miscellaneous expense Rent expense Supplies Supplies expense Utilities expense Wages expense

Answer 1

2)

Glacier Travel Service
Statement of Stockholders Equity
For the year ended September 30 2016
	Common Stock	Retained Earnings	Total
Balances, Oct. 01 20Y5	0	48,840	48,840
Issue of Common Stock	15,000	0	15,000
Net Income	0	242,860	242,860
Dividends	0	-23,900	-23,900
Balances, Sept. 30 20Y6	15,000	267,800	282,800

3)

Glacier Travel Service
Statement of Stockholders Equity
For the year ended September 30 2016
Assets:
Cash	185,211
Accounts receivable	106,749
Supplies	7,980
Total Assets		299,940
Liabilities
Accounts Payable		17140
Stockholder's equity
Common Stock	15,000
Retained Earnings	26,7800
Total Stockholder's equity		282,800
Total liabilities and stockholder's equity		299,940