Student Name:
Class:
Accounts payable
Capital stock
Cash
Land
Retained earnings
Total assets
Total Liabilities & Stockholders’ equity
Total Stockholders’ equity
160,000$
29,600
189,600$
50,000
53,400
Ticket revenue
For the Month Ended June 30, 20xx
Income Statement
WILLAMETTE CONSULTING
Revenues:
Film rent expense
Equipment rent expense
Expenses:
Total revenue
Concession revenue
Step-by-Step Problem
McGraw Hill
Instructor
Guide to Individual Problems to work this problem.
Note: Follow the Step-by-Step instructions in the
Stockholders’ equity
Liabilities
Total Stockholders’ equity
Retained earnings
Capital stock
Accounts payable
Land
Cash
WILLAMETTE CONSULTING
Advertising expense
Less: Dividends
Total
Add: Net income for June
Retained earnings, June 1
Total expense
Utilities expense
Salaries expense