Cullumber Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022.
Service revenue (from camping fees) |
$176,300 |
Dividends |
$13,500 | |||
---|---|---|---|---|---|---|
Sales revenue (from general store) |
28,700 |
Notes payable |
75,000 | |||
Accounts payable |
16,500 |
Expenses during 2022 |
158,500 | |||
Cash |
12,750 |
Supplies |
8,250 | |||
Equipment |
171,000 |
Common stock |
60,000 | |||
Retained earnings (1/1/2022) |
7,500 |
Determine Cullumber Lakes Park’s net income for 2022.
Cullumber Lakes Park’s net income for 2022 | $enter Cullumber’s net income for 2022 in dollars |
Prepare a retained earnings statement for Cullumber Lakes Park year ended December 31, 2022. (List items that increase retained earnings first.)
Cullumber Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has...
Cullumber Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022 Service revenue (from camping fees) $132,600 Dividends $9,540 Sales revenue (from general store) 23,400 Notes payable 53,000 Accounts payable 11,660 Expenses during 2022 123,140 Cash 9,010 Supplies 5,830 Equipment 120.840 Common stock Retained earnings (1/1/2022) 42,400 5,300 (a Determine Cullumber Lakes Park's net income for 2022. Cullumber Lakes Park's net income for 2022 $
Carla Vista Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $170,000 Dividends $12,600 Sales revenue (from general store) 30,000 Notes payable 70,000 Accounts payable 15,400 Expenses during 2022 156,600 Cash 11,900 Supplies 7,700 Equipment 159,600 Common stock 56,000 Retained earnings (1/1/2022) 7,000 Determine Carla Vista Lakes Park’s net income for 2022. CARLA VISTA LAKES PARK Retained Earnings Statement...
Sunland Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $165,300 Dividends $12,420 Sales revenue (from general store) 24,700 Notes payable 69,000 Accounts payable 15,180 Expenses during 2022 147,220 Cash 11,730 Supplies 7,590 Equipment 157,320 Common stock 55,200 Retained earnings (1/1/2022) 6,900 (a) ✓ Your answer is correct. Determine Sunland Lakes Park's net income for 2022. Sunland Lakes Park's...
Oriole Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $156,400 Dividends $11,880 Sales revenue (from general store) 66,000 27,600 Notes payable 14,520 Expenses during 2022 Accounts payable 143,080 Cash 11,220 Supplies 7,260 Equipment 150,480 Common stock 52,800 6,600 Retained earnings (1/1/2022) Determine Oriole Lakes Park's net income for 2022. Oriole Lakes Park's net income for 2022 $ ....
Blossom Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022 Service revenue (from camping fees) $155,200 Dividends $13,140 Sales revenue (from general store) 73,000 38,800 Notes payable 16,060 Expenses during 2022 Accounts payable 148,740 Cash 8,030 Equipment 12,410 Supplies 166,440 Common stock Retained earnings (1/1/2022 58,400 Your answer is correct. Determine Blossom Lakes Park's net income for 202 Blossom Lakes Park's net income for...
Blossom Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022 $13,140 Service revenue (from camping fees) $155,200 Dividends Sales revenue (from general store) 38,800 Notes payable Accounts payable 16,060 Expenses during 2022 Cash 12,410 Supplies Equipment 166,440 Common stock Retained earnings (1/1/2022) 73,000 148.740 8,030 58.400 7.300 Determine Blossom Lakes Park's net income for 2022 Blossom Lakes Park's net income for 2022 eTextbook and...
Blossom Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $122,400 Dividends $9,180 Sales revenue (from general store) 30,600 Notes payable 51,000 Accounts payable 121,380 11,220 8,670 Expenses during 2022 Supplies Cash 5,610 Equipment 116,280 Common stock 40,800 Retained earnings (1/1/2022) 5,100 Determine Blossom Lakes Park's net income for 2022. Blossom Lakes Park's net income for 2022 $ e...
Sunland Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $165,300 Dividends $12,420 Sales revenue (from general store) 24,700 Notes payable 69,000 Accounts payable 15,180 Expenses during 2022 147,220 Cash 11,730 Supplies 7,590 Equipment 157,320 Common stock 55,200 Retained earnings (1/1/2022) 6,900 Your answer is correct. Determine Sunland Lakes Park's net income for 2022. Sunland Lakes Park's net income...
Blossom Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has complled the following financial Service revenue (from camping fees Sales revenue (from general store) $18.140 73.000 Accounts payable $155.200 38.800 16,060 12.410 166,440 Dividends Notes payable Expenses during 2022 Supplies Common stock 148.740 Cash 8.000 Equipment Retained earnings (1/1/2022) 7300 Your answer is incorrect Determine Blossom Lakes Parent Income for 2002 Blossom Lake Park's net income for 2022 5 Textbook and Media
Exercise 1-10 Otay Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017. 39,000 Service revenue from camping fees) $132.000 Dividends Sales revenue (from general store) 25,000 Nos payable Acount able 11,000 Expenses during 2017 8,500 Supplies Equipment 114,000 Common stock Retained emings (1/1/2017) 125.000 5,000 Determine Otay Lakes Park's net income for 2017. Otay Lakes Park's net income for 2017 Prepare a retained earnings...