LIN COMPANY

WORKSHEET
For the Month Ended June 30, 2018
Trial Balance Adjustment Adjusted Trial Balance Income Statement Balance Sheet
No Account Title
Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
1 Cash 2320 2320 2320
2 Account Recievable 2440 2440 2440
3 Supplies 1880 1580 300 300
4 Account Payable 1120 1120 1120
5 Unearned Revenue 240 100 140 140
6 Share Capital - Ordinary 3600 3600 3600
7 Service Revenue 2400 100 2500 2500
8 Seleries Expense 560 280 840 840
9 Misceleneous Expense 160 160 160
Totals 7360 7360
10 Supplies Expense 1580 1580 1580
11 Salaries Payable 280 280 280
80 80
Totals 1960 1960 7640 7640 2580 2580 5140 5140

LIN COMPANY
BALANCE SHEET
For The Quarter Ended June 30, 2018
ASSETS LIABILITIES
Current Assets Current Liabilities
Cash 2320 Account Payable 1120
Account Receivable 2440 Unearned Revenue 140
Supplies 300 Salaries Payable 280

Total Liabilities 1540

EQUITY
Share Capital Ordinar 3520

Total Assets 5060 Total 5060

 KARR BOWLING ALLEY
Statement Of Financial Position
For December 31,2018
CURRENT ASSETS LIABILITIES
Cash 18040 Current Liabilities
Account Receivable 14520 Account Payable 12300
Prepaid Insurance 4680 Note Payable 13900
Total Current Assets 37240 Interest Payable 2600
Total Current Liabilities 28800

LONG - TERM ASSETS LONG - TERM LIABILITIES

Building 128800 Note Payable 83880
Accumulated Depreciation Building -42600 Total Long-Term Liabilities 83880
Equipment 62400
Accumulated Depreciation Equipmen -18720 EQUITY
Land 64000 Share Capital-Ordinary 100000
Total Long - Term Assets 193880 Retained Earning 18440
Total Equity 118440
Total Assets 231120 Total Liabilities and Equity 231120

KARR BOWLING ALLEY

INCOME STATEMENT
For December 31, 2018
REVENUES
Bowling Revenue 14180
Total Revenues 14180

EXPENSES
Insurance Expense 780
Depreciation Expense 7360
Interest Expense 2600
Total Expense 10740

Total Net Income 3440

KARR BOWLING ALLEY

RETAINED EARNING STATEMENT
For December 31, 2018
Net Income 3440
Retained Earning 15000
Total Retained Earnings 18440
 Salvador Amusement Par
Worksheet
For the Month Ended Septembe
Trial Balance Adjustments
Account Titles
Dr Cr Dr
Cash 41,400.00
Supplies 18,600.00
Prepaid Insurance 31,900.00
Land 80,000.00
Equipment 120,000.00
Accumulated Depreciation 36,200.00
Accounts Payable 14,600.00
Unearned Admitions Revenue 3,700.00 1,700.00
Mortgage Notes Payable 50,000.00
Share Capital-Ordinary 100,000.00
Retained Earning 9,700.00
Dividens 14,000.00
Admissions Revenue 277,500.00
Salaries Expense 105,000.00
Repair Expense 30,500.00
Advertising Expense 9,400.00
Utilities Expense 16,900.00
Property Taxes Expense 18,000.00 3,000.00
Interest Expense 6,000.00 4,000.00
Totals 491,700.00 491,700.00
Insurance Expense 23,000.00
Supplies Expense 17,400.00
Interest Payable
Depreciation Expense 6,000.00
Property Taxes Payable

Totals 55,100.00
alvador Amusement Park, Inc
Worksheet
the Month Ended September 30, 2018
Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Cr Dr Cr Dr Cr Dr Cr
41,400.00 41,400.00
17,400.00 1,200.00 1,200.00
23,000.00 8,900.00 8,900.00
80,000.00 80,000.00
120,000.00 120,000.00
6,000.00 42,200.00 42,200.00
14,600.00 14,600.00
2,000.00 2,000.00
50,000.00 50,000.00
100,000.00 100,000.00
9,700.00 9,700.00
14,000.00 14,000.00
1,700.00 279,200.00 279,200.00
105,000.00 105,000.00
30,500.00 30,500.00
9,400.00 9,400.00
16,900.00 16,900.00
21,000.00 21,000.00
10,000.00 10,000.00

23,000.00 23,000.00
17,400.00 17,400.00
4,000.00 4,000.00 4,000.00
6,000.00 6,000.00
3,000.00 3,000.00 3,000.00
40,000.00 40,000.00
55,100.00 504,700.00 504,700.00 279,200.00 279,200.00 265,500.00 265,500.00
 Salvador Amusement Park, INC
INCOME STATEMENT
For the Month Ended September 30, 2018
Revenue
Admissions Revenue 279,200.00
Total Revenue 279,200.00

Expenses
Salaries Expense 105,000.00
Repair Expense 30,500.00
Advertising Expense 9,400.00
Utilities Expense 16,900.00
Property Taxes Expense 21,000.00
Interest Expense 10,000.00
Insurance Expense 23,000.00
Supplies Expense 17,400.00
Depreciation Expense 6,000.00
Total Expenses 239,200.00

Total Net Profit 40,000.00

Salvador Amusement Park, INC

CAPITAL STATEMENT
For the Month Ended September 30, 2018
Share Capital-Ordinary 100,000.00
Retained Earning 9,700.00
Salvador's Drawing 0
Net Income 40,000.00
Dividens -14,000.00
Ending Balance 26,000.00

Ending Capital 135,700.00

 Salvador Amusement Park, INC
Statement Of Financial Position
For the Month Ended September 30, 2018
ASSETS LIABILITIES
CURRENT ASSETS CURRENT LIABILITIES
Cash 41,400.00 Account Payable
Prepaid Insurance 8,900.00 Unearned Amitions Revenue
Supplies 1,200.00 Interest Payable
Mortgage Notes Payable (due 2019)
Property Takes Payable

Total Currents assets 51,500.00 Total Current Liabilities

LONG-TERM ASSETS LONG-TERM LIABILITIES

Land 80,000.00 Mortgage Notes Payable
Equipment 120,000.00
Accumulated Depreciation -42,200.00
Total Long-Term Assets 157,800.00 Total Long-Term Liabilities

EQUITY
Share Capital-Ordinary
Retained Earning, Sep 30, 2018.
Total Equity

Total Assets 209,300.00 Total Liabilities and Equity

Salvador Amusement Park, INC

Closing Entries
For the Month Ended September 30, 2018
Date Name Account
Sept, 30 Admissions Revenue
Income Summary

Income Summary
Salaries Expense
Repair Expense
Advertising Expense
Utilities Expense
Property Taxes Expense
Interest Expense
Insurance Expense
Supplies Expense
 Depreciation Expense

Income Summary
Equity

Total
 14,600.00
2,000.00
4,000.00
10,000.00
3,000.00

33,600.00

40,000.00

40,000.00

100,000.00
35,700.00
135,700.00

209,300.00

18
Dr Cr
279,200.00
279,200.00

239,200.00
105,000.00
30,500.00
9,400.00
16,900.00
21,000.00
10,000.00
23,000.00
17,400.00
 6,000.00

40,000.00
40,000.00

558,400.00 558,400.00