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the 50,000 was issued for cash and dividends of 90,000 were paid

Instructions The assets and liabilities of Global Travel Agency on December 31, 2045, and its revenue and expenses for the year are as follows: Accounts payable $108,000 Miscellaneous expense $19,500 Accounts receivable 56,000 Cash 6,000 Common stock 539,000 200,000 575,000 940,000 1,500,000 Rent expense Supplies Supplies expense Utilities expense Wages expense 12,700 34.800 Fees earned 415,000 Land Common stock was $525.000 and retained earnings was $1.250,000 as of January 1, 2045. During the year, additional common stock of $50,000 was issued for Required: 1.500.000,00 Land 2.259.000.00 Total assets Accounts, Labels and Amount Descriptions Income Statement Statement of stockholders' Equity Baland Instructions Required: 1. Prepare an income statement for the year ended December 31, 2045. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If there is a net loss, enter that amount as a negative number using a minus sign. You will not need to enter colons() on the income statement. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2015. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. If an amount box does not require an entry leave it blank 3. Prepare a balance sheet as of December 31, 2045 Refer to the lists of Accounts Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading 4. What items appears on both the statement of stockholders equity and the balance sheet? 1.500.000,00 LAR 2.239.000.00 Hotel assets Accounts, Labels and Amount Descriptions Income Statement Instructions The assets and liabilities of Global Travel Agency on December 31, 2045, and its revenue and expenses for the year are as follows: Accounts payable $108,000 Miscellaneous expense Accounts receivable 539,000 Rent expense $19,500 56,000 6,000 12,700 Cash 200,000 575.000 Supplies Supplies expense Common stock 940,000 Fees earned 34.800 Utilities expense 1.500,000 Land 415,000 Wages expense Common stock was $525,000 and retained earnings was $1,250,000 as of January 1, 2015. During the year, additional common stock of $50,000 was issued for cash and dividends of $90,000 were paid

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