Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

accounts payable $17,600 accounts receivable 6,410 advertising expense 14,500 bu

ID: 2354134 • Letter: A

Question

accounts payable $17,600 accounts receivable 6,410 advertising expense 14,500 buildings 60,000 capital stock 50,000 cash 15,230 concessions revenue 60,300 cost of concessions sold 23,450 dividends paid during the month 8,400 furniture and fixtures 34,000 land 26,000 notes payable 20,000 projection equipment 25,000 rent-expense- movies 50,600 retained earning 73,780 salaries and wages expense 46,490 ticket sales 95,100 water, gas, electricity 6,700 Feel free to only use the names as i can add the numbers myself later to make it faster for you. I ALWAYS rate answers... Maple Park Theatres Corp retained earning is balance of Sept 1st 2010 everything else Sept 30th 2010 1. prepare a statement of retained earnings for the month ended Sept 30 2010 2. prepare a balance sheet at sept 30th 2010 3. you have $1,000 to invest on the bases of above would u buy stock from this company why and why not...

Explanation / Answer

Ticket Sales   $95,100
  
Concessions Revenue   $60,300

$155,400

Expenses

Cost of Concessions   $23,450

SoldAdvertising Expense $14,500

Rent Expense Movies $50,600

Salaries and Wages Expense $46,490

Water, Gas, and Electricity $6,700

$141,740

Net Income $13,660

Retained Earnings September 1, 2007   $73,780

Net Income $13,660

Dividends ($8,400)

Retained Earnings September 30, 2007 $79,040