suming that BIG operating activities for 2016 Wh following financial information

Question

suming that BIG operating activities for 2016 Wh following financial information was taken from the books of Zone 6 at amount of salaries payable would oks of Zone Health Club, Exercise 3-17A Prparing Cas taken from The following and fitness club: Account Balances as of December 31, 201 Accounts Receivable Accounts Payable Salaries Payable Cash $12,450 6,200 3,150 36,750 2,000 Dividends 35,300 1,200 8,400 41,250 14,500 65,400 650 3,150 7,000 Operating Expense Prepaid Rent Rent Expense Retained Earnings 1/1/2016 Salaries Expense Supplies Common Stock Land Service Revenue Supplies Expense Unearned Revenue 6,400 15,000

Explanation / Answer

a 31-Dec Service Revenue 65400         Income Summary 65400 31-Dec Income Summary 61350        Operating expense 35300        Rent expense 8400        Salaries expense 14500        Supplies expense 3150 31-Dec Income Summary 4050        Retained earnings 4050 31-Dec Retained earnings 2000        Dividends 2000 b Balance in Retained earnings account = 41250+4050-2000= $43300

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