Problem: The amouts of assets and liabilities of Chickadee Travel service at April, 30th 2006, the end of the current year, and its revenue and expenses for the year are listed below. The capital of Adam Cellini, owner was 50,000 at May 1, 2005, the beginning of the current year, and the owner withdrew 30,000 during the current year.
Accounts payable-12,200
accounts receivable-31,350
cash-53,050
fees earned 263,200
misc expense-2950
rent expense-37,800
supples -3350
supplies expense-7,100
taxes expense-5600
utilites expense-22,500
wages expense-131,700
Create an income statement, then a statement of owners equity and finally a balance sheet for the info provided.