Name:

Section:

Exercise 1-5
Enter the amount for each case in the colored cells below.
a.
b.
c.
d.
e.
 Name:
Section:

Problem 1-2A
Prepare the required financial statements by entering the
appropriate data in the yellow cells.

FLY AWAY TRAVEL AGENCY

Income Statement
For the Year Ended
Fees earned
Operating expenses:

Total operating expenses

Net income

FLY AWAY TRAVEL AGENCY

Statement of Owner's Equity
For the Year Ended
Ryan Stecker, capital,

Ryan Stecker, capital,

FLY AWAY TRAVEL AGENCY

Balance Sheet

Assets Liabilities

Owner's Equity

Total liabilities and

Total Assets owner's equity
Name:
Section:

Problem 1-6A
Enter the amounts for (a) through (q) in the appropriate cells below.

a. Fees earned
b. Supplies expense
c. Ray Conway, capital, April 1, 2003
d. Net income for April
e.
f. Increase in owner's equity
g. Ray Conway, capital, April 30, 2003
h. Total assets
i. Ray Conway, capital
j. Total liabilities and owner's equity
k. Cash received from customers
l. Net cash flow from operating activities
m. Cash payments for acquisition of land
n. Cash received as owner's investment
o. Cash withdrawal by owner
p. Net cash flow from financing activities
q. Net cash flow and April 30 cash balance
 Name:
Section:

Problem 1-2B
Prepare the required financial statements by entering the
appropriate data in the yellow cells.

HIAWATHA TRAVEL AGENCY

Income Statement
For the Year Ended
Fees earned
Operating expenses:

Total operating expenses

Net income

HIAWATHA TRAVEL AGENCY

Statement of Owner's Equity
For the Year Ended
Rob Graybill, capital,

Rob Graybill, capital

HIAWATHA TRAVEL AGENCY

Balance Sheet

Assets Liabilities

Owner's Equity

Total liabilities and

Total Assets owner's equity
Name:
Section:

Problem 1-6B
Enter the amounts for (a) through (q) in the appropriate cells below.

a. Wages expense
b. Net income
c. R.J. Cain, capital, June 1, 2003
d. Investment on June 1, 2003
e. Net income for June
f.
g. Withdrawals
h. Increase in owner's equity
i. R.J. Cain, capital, June 30, 2003
j. Land
k. Total assets
l. R.J. Cain, capital
m. Total liabilities and owner's equity
n. Cash received from customers
o. Net cash flow from operating activities
p. Net cash flow from financing activities
q. Net cash flow and June 30, 2003 cash balance