Problem 1-2B
Score:
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
1.
Expenses:
Total expenses
Net income
2.
Retained earnings, May 1, 2013
Retained earnings, April 30, 2014
3.
Assets
Cash
Accounts receivable
Supplies
Total stockholders’ equity
Total assets Total liabilities and stockholders’ equity
4.
[Key code here]
Name:
Section:
0%
WILDERNESS TRAVEL SERVICE
Income Statement
WILDERNESS TRAVEL SERVICE
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
Stockholders’ Equity
Retained Earnings Statement
WILDERNESS TRAVEL SERVICE
Balance Sheet
Liabilities
Problem 1-2B
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
1.
Fees earned 875,000$
Expenses:
2.
Retained earnings, May 1, 2013 145,000$
3.
Assets
Solution
ON
Name:
Section:
Liabilities
For the Year Ended April 30, 2014
WILDERNESS TRAVEL SERVICE
Balance Sheet
April 30, 2014
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.
For the Year Ended April 30, 2014
Retained Earnings Statement
WILDERNESS TRAVEL SERVICE
WILDERNESS TRAVEL SERVICE
Income Statement