LaureneHendren_ACG2012_12_Week1Indv1

LaureneHendren_ACG2012_12_Week1Indv1 - Laurene Hendren Week...

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Laurene Hendren Week 1 Individual 1 pg 42 1-5 ACG2021_12 Page 42 Problems 1-5 1.) Prepare a income statement for the month ending September 30,2012 Maple Park Theaters Corp Income Statement For the month ending September 30, 2012 Revenues: Ticket Sales $95,100 Concessions Revenue 60,300 $155,400 Expenses: Rent expense—movies $50,600 Cost of concessions sold 23,450 Advertising 14,500 Salaries and wages 46,490 Water, gas and electricity 6,700 $141,740 Net Income $13,660 2.) Prepare a statement of retained earnings for the month ended September 30,2012 Maple Park Theaters Corp Statement of Retained Earnings For the Month Ended September 30, 2012 Beginning balance, September 1, 2012 $73,780 Add: September net income 13,600 Deduct: September dividends 8,400 Ending balance, September 30, 2012 $79,040 3.) Prepare
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