document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1107268>Question 1107268</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Financial Statements<BR>\n" );
document.write( "The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $47,520 at May 1, 2018, the beginning of the year, and the owner withdrew $25,200 during the year.\r<BR>\n" );
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document.write( "Accounts payable<BR>\n" );
document.write( "$16,570<BR>\n" );
document.write( "Accounts receivable<BR>\n" );
document.write( "88,690<BR>\n" );
document.write( "Cash<BR>\n" );
document.write( "179,020<BR>\n" );
document.write( "Fees earned<BR>\n" );
document.write( "625,200<BR>\n" );
document.write( "Miscellaneous expense<BR>\n" );
document.write( "4,860<BR>\n" );
document.write( "Rent expense<BR>\n" );
document.write( "80,960<BR>\n" );
document.write( "Supplies<BR>\n" );
document.write( "7,710<BR>\n" );
document.write( "Supplies expense<BR>\n" );
document.write( "12,950<BR>\n" );
document.write( "Taxes expense<BR>\n" );
document.write( "10,000<BR>\n" );
document.write( "Utilities expense<BR>\n" );
document.write( "48,580<BR>\n" );
document.write( "Wages expense<BR>\n" );
document.write( "231,320<BR>\n" );
document.write( "Required:<BR>\n" );
document.write( "1.  Prepare an income statement for the year ended April 30, 2019.<BR>\n" );
document.write( "Wilderness Travel Service<BR>\n" );
document.write( "Income Statement<BR>\n" );
document.write( "For the Year Ended April 30, 2019<BR>\n" );
document.write( "2.  Prepare a statement of owner's equity for the year ended April 30, 2019.<BR>\n" );
document.write( "Wilderness Travel Service<BR>\n" );
document.write( "Statement of Owner's Equity<BR>\n" );
document.write( "For the Year Ended April 30, 2019<BR>\n" );
document.write( "3.   Prepare a balance sheet as of April 30, 2019. When entering assets, enter them in order of liquidity.<BR>\n" );
document.write( "Wilderness Travel Service<BR>\n" );
document.write( "Balance Sheet<BR>\n" );
document.write( "April 30, 2019 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #722363 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52908)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=722363\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Hey, this is pure financial/accounting.\r<BR>\n" );
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document.write( "We are pure Math.\r<BR>\n" );
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document.write( "School Math.\r<BR>\n" );
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document.write( "Try to find another, more adequately appropriate site.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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