Terry Crew 1-5 ACCT - Sheet1 Page 2 Balance Sheet-Maple...

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Sheet1 Page 1 Terry Crew ACCT 101 CH 1 - Problem 5 Income Statement - Maple Park Theatres Corp. Income Statement For Month Ended September 30, 2010 Revenues Concessions Revenue $60,300 Ticket Sales $95,100 Total Revenues $155,400 Expenses Advertising Expense $14,500 Cost of concessions sold $23,450 Rent expense - movies $50,600 Salaries and wages expense $46,490 Water, gas and electricity $6,700 Total Operating Expenses$141,740 Net Income / Loss$13,600 Statement of Retained Earnings- Maple Park Theatres Corp. Statement of Retained Earnings For the Year Ending September 30, 2010 Retained Earnings$73,780 Plus: Net Income$13,600 Total$87,380 Less Dividends$8,400 Retained Earnings$78,980
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Unformatted text preview: Sheet1 Page 2 Balance Sheet -Maple Park Theatres Corp. Balance Sheet Assets Accounts Receivable $6,410 Cash $15,230 Buildings $60,000 Furniture and fixtures $34,000 Land $26,000 Projection Equipment $25,000 Total Assets $166,640 Liabilities Accounts payable $17,600 Notes payable $20,000 Total Liabilities$37,600 Stockholder's Equity Capital Stock $50,000 Dividends paid during the month $8,400 Retained Earnings $73,780 Total Equity $132,180 Total Liabilities and Owner's Equity $169,780 If I had $1,000 dollars to invest in this company, I may choose to do so. I would want to know how long the company had bee n...
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