Solution-Prepare an income statement for the current year

Prepare an income statement for the current year

Reference no: EM13535195

The assets and liabilities of Chickadee Travel Service at April 30, 2008, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner, Adam Cellini, was $80,000 at May 1, 2007, the beginning of the current year.

Accounts payable	$ 12,200	Miscellaneous expense	$ 12,950
Accounts receivable	31,350	Office expense	63,000
Cash	53,050	Supplies	3,350
Fees earned	263,200	Wages expense	131,700
Land	80,000

Prepare an income statement for the current year ended April 30, 2008.

Reference no: EM13535195

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Prepare an income statement for the current year

Reference no: EM13535195

Reference no: EM13535195

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