Scribd Logo
Upload

Welcome to Scribd!

  • Trabajo de Contabilidad

    Uploaded by

    beniel16
    16 views9 pages
    The document contains the income statement, statement of owner's equity, and balance sheet for Nordic Travel Agency for the year ended December 31, 2016. The income statement shows fees earned of $912,500 and expenses of $585,000, resulting in net income of $327,500. The statement of owner's equity shows an increase in the owner's equity of $285,500. The balance sheet lists total assets of $1,025,000, total liabilities of $69,500, and owner's equity of $955,500.

    Original Description:

    trabajo de cengage

    Original Title

    trabajo de contabilidad

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document contains the income statement, statement of owner's equity, and balance sheet for Nordic Travel Agency for the year ended December 31, 2016. The income statement shows fees earned of $912,500 and expenses of $585,000, resulting in net income of $327,500. The statement of owner's equity shows an increase in the owner's equity of $285,500. The balance sheet lists total assets of $1,025,000, total liabilities of $69,500, and owner's equity of $955,500.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    16 views9 pages

    Trabajo de Contabilidad

    Uploaded by

    beniel16
    The document contains the income statement, statement of owner's equity, and balance sheet for Nordic Travel Agency for the year ended December 31, 2016. The income statement shows fees earned of $912,500 and expenses of $585,000, resulting in net income of $327,500. The statement of owner's equity shows an increase in the owner's equity of $285,500. The balance sheet lists total assets of $1,025,000, total liabilities of $69,500, and owner's equity of $955,500.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 9

    Problem 1-2A

    Name: beniel
    Section: repaso 1
    Score:

    97%

    Key Code: 2

    Instructions
    Answers are entered in the cells with gray backgrounds.
    Cells with non-gray backgrounds are protected and cannot be edited.
    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.

    1.

    NORDIC TRAVEL AGENCY


    Income Statement
    For the Year Ended December 31, 2016
    Fees earned
    Expenses:
    Wages expense
    Rent expense
    Utilities expense
    Supplies expense
    Miscellaneous expense
    Total expenses
    Net income

    2.

    912,500

    585,000
    327,500

    510,000
    36,000
    28,500
    4,100
    6,400

    NORDIC TRAVEL AGENCY


    Statement of Owner's Equity

    For the Year Ended December 31, 2016


    Ian Eisele, capital, January 1, 2016
    Net income for the year
    Less withdrawals
    Increase in owner's equity
    Ian Eisele, capital, December 31, 2016

    670,000

    285,500
    955,500

    327,500
    42,000

    3.

    NORDIC TRAVEL AGENCY


    Balance Sheet

    Assets
    Cash
    Accounts receivable
    Supplies
    Land

    Total assets

    190,500
    285,000
    5,500
    544,000

    $ 1,025,000

    4.
    Ian Eisele, capital

    955,500

    Liabilities
    Accounts payable

    Owner's Equity
    Ian Eisele, capital
    Total liabilities and owner's equity

    69,500

    955,500
    $ 1,025,000

    You might also like