Student Name:
Class:
$160,000
Less: Dividends
Total
$84,900
13,500
Total assets
Stockholders’ equity
Liabilities
Total stockholders’ equity
Retained earnings
Capital stock
Accounts payable
$240,000
Step-by-Step Example
McGraw-Hill/Irwin
Excel Templates Operations Guide to work this problem.
Note: Follow the Step-by-Step Example instructions in the
For the Month Ended June 30, 20xx
Income Statement
WILLAMETTE CONSULTING
Revenues:
Ticket revenue
For the Month Ended June 30, 20xx
Statement of Retained Earnings
WILLAMETTE CONSULTING
Balance Sheet
WILLAMETTE CONSULTING
Cash
Instructor
Add: Net income for June
Retained earnings, June 1
Assets
June 30, 20xx
Total expense
Concession revenue
Total revenue
Expenses:
Equipment rent expense
Film rent expense
Salaries expense
Utilities expense