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Define how do i prepare an income statement

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Reference no: EM132749434

Question: Ticket revenue USD 180000

Equipment rent expense 50000

Film rent expense 53400

Concession revenue 29600

Advertising expense 18600

Salaries expense 60000

Utilities expense 14100

Cash dividends declared and paid 12000

Balance sheet amounts at June 30 include the following:

Cash USD 140,000

Land 148000

Accounts payable 87600

Capital stock 114000

Retained earnings as of 2010 June 1 84900

a. how do I Prepare an income statement for June 2010.

b. How do I Prepare a statement of retained earnings for June 2010.

c. How do I Prepare a balance sheet as of 2010 June 30.

Reference no: EM132749434

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