WK1-Prob 1

WK1-Prob 1 - Retained earings, November 30, 2008 $242,200...

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ALOHA TRAVEL SERVICE Income Sheet For the Year Ended November 30, 2008 Revenues Sales 1,052,800 Expenses: Miscellaneous 11,800 Rent 151,200 Supplies 28,400 Taxes 22,400 Utilities 90,000 Wages 526,800 830,600 Net Income 222,200
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ALOHA TRAVEL SERVICE Retained Earnings Statement For the Year Ended November 30, 2008 Retained earings, December 1, 2007 $140,000 Add net income $222,200 Less Dividends $120,000 Increase in retained earnings $102,200
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Unformatted text preview: Retained earings, November 30, 2008 $242,200 ALOHA TRAVEL SERVICE Balance Sheet For the Year Ended November 30, 2008 Assets Cash $212,200 Supplies $13,400 Accounts payable $48,800 Total assets $274,400 Liabilites Accounts recieveable $125,400 Stockholders' equity Capital stock $60,000 Retained earnings $242,200 Total stockholders' equity $302,200 Total lilabilites and stockholders' equity $427,600...
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WK1-Prob 1 - Retained earings, November 30, 2008 $242,200...

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