The account balances of Awesome Travel Services at December…
The account balances of Awesome Travel Services at December 31 are listed. There were no additional investments or dividends by Awesome Travel Services during the year. Accounts Payable $12,000 Retained Earnings (Jan. 1) $6,000 Accounts Receivable 14,000 Supplies 1,000 Cash 18,000 Income Taxes Expense 1,300 Common Stock 4,000 Utilities Expense 8,000 Computer Equipment 21,000 Wages Expense 25,000 Fees Earned 78,000 Supplies Expense 1.700 Rent Expense 10,000 Prepare an income statement for the year ended December 31, a statement of stockholders’ equity for the year ended December 31, and a balance sheet as of December 31.