The amounts of the assets and liabilities of Glacier Travel Service as of September 30,...
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Accounting
The amounts of the assets and liabilities of Glacier Travel Service as of September 30, 20Y6, the end of the current year, and its revenue and expenses for the year are listed below. The retained earnings were $150,000 and the common stock was $50,000 as of October 1, 20Y5, the beginning of the current year. Dividends of $10,000 were paid during the year.
instructions 1. Prepare an income statement for the current year ended September 30, 20Y6.
2. Prepare a statement of stockholders equity for the current year ended September 30, 20Y6.
3. Prepare a balance sheet as of September 30, 20Y6.
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