Problem 1-2A
Score:
Key Code:
Instructions
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1.
Expenses:
Total expenses
Net income
2.
Retained earnings, January 1, 2014
Retained earnings, December 31, 2014
3.
Assets
Cash
Accounts receivable
Supplies
Land
Total stockholders’ equity
Total assets Total liabilities and stockholders’ equity
4.
Name:
Section:
0%
ORIENTAL TRAVEL AGENCY
Balance Sheet
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[Key code here]
Stockholders’ Equity
Liabilities
Problem 1-2A
Key Code:
Instructions
Retained earnings
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Cells with non-gray backgrounds are protected and cannot be edited.
1.
Fees earned 1,100,000$
Expenses:
2.
Retained earnings, January 1, 2014 400,000$
3.
Assets
Cash 210,000$ 115,000$
Name:
Section:
Solution
December 31, 2014
Accounts payable
ON
ORIENTAL TRAVEL AGENCY
Balance Sheet
Liabilities
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
An asterisk (*) will appear to the right of an incorrect entry.