June 8, 2010
The following list, in alphabetical order, shows the various items that regularly appear on
the financial statements of Maple Park Theatres Corp. The amounts shown for balance
sheet items are balances as of September 30, 2010 (with the exception of retained earnings,
which is the balance on September 1, 2010), and the amounts shown for income
statement items are balances for the month ended September 30, 2010.
Accounts payable $17,600
Furniture and fixtures $34,000
Accounts receivable 6,410
Advertising expense 14,500
Notes payable 20,000
Projection equipment 25,000
Capital stock 50,000
Rent expense—movies 50,600
Retained earnings 73,780
Concessions revenue 60,300
Salaries and wages expense 46,490
Cost of concessions sold 23,450
Ticket sales 95,100
Dividends paid during the month 8,400
Water, gas, and electricity 6,700
1. Prepare an income statement for the month ended September 30, 2010.
Maple Park Theatres Corp.