a.

TERESINA AMUSEMENT PARK

Work Sheet
For The Year Ended September 30

Trial Balance Adjustments

Dr. Cr. Dr.

Cash 34,400
Supplies 18,600
Prepaid Insurance 29,900
Land 80,000
Equipment 120,000
Accumulated Depreciation-Equip 36,200
Accounts Payable 14,600
Unearned Ticket Revenue 3,900
Mortgage Payable 50,000
Share Capital-Ordinary 60,000
Retained Earnings 36,100
Dividends 14,000
Ticket Revenue 277,900 2,900
Salaries and Weges Payable 98,000
Maintanence and Repairs Expense 30,500
Advertising Expense 9,400
Utilities Expense 16,900
Property Tax Expense 21,000 3,000
Interest Expense 6,000 2,000
Totals 478,700 478,700
Insurance Expense 19,000
Supplies Expense 16,400
Interest Payable
Depreciation Expense 6,000
Property Taxes Payable
Totals 49,300
TERESINA AMUSEMENT PARK, SA
Work Sheet
The Year Ended September 30, 2017

Statement of
Adjustments Adjusted Trial Balance Income Statement
Financial Position
Cr. Dr. Cr. Dr. Cr. Dr. Cr.
34,400 34,400
16,400 2,200 2,200
19,000 10,900 10,900
80,000 80,000
120,000 120,000
6,000 42,200 42,200
14,600 14,600
2,900 1,000 1,000
50,000 50,000
60,000 60,000
36,100 36,100
14,000 14,000
280,800 280,800
98,000 98,000
30,500 30,500
9,400 9,400
16,900 16,900
24,000 24,000
8,000 8,000

19,000 19,000
16,400 16,400
2,000 2,000 2,000
6,000 6,000
3,000 3,000 3,000
49,300 489,700 489,700 228,200 280,800 261,500 208,900
52,600 52,600

280,800 280,800 261,500 261,500

b. Assets

Property, plant and equipment

Land 80,000
Equipment 120,000
Less : Accumulated Depreciation Equipment 42,200 77,800 157,800

Current Assets
Prepaid Insurance 10,900
Supplies 2,200
Cash 34,400 47,500

Total Assets 205,300

Equity and Liabilities

Equity
Share Capital Ordinary 60,000
Retained Earnings 74,700 134,700
Non-Current Liabilities
Mortgage payable (due after 2018) 35,000
Current Liabilities
Mortgage payable (due after 2018) 15,000
Accounts payable 14,600
Interest payable 2,000
Property taxes payable 3,000
Unearned ticket revenue 1,000 35,600
Total equity and liabilities 205,300

36.100 + 52.600 - 14.000

c.
Dr. Cr.
Sep-30 Supplies Expense 16,400
Supplies 16,400
Insurance Expense 19,000
Prepaid Insurance 19,000
Depreciation Expense 6,000
Accumulated Depreciation 6,000
Equipment
Unearned Ticket Revenue 2,900
Ticket Revenue 2,900
Property Tax Expense 3,000
Property Taxes Payable 3,000
Interest Expense 2,000
Interest Payable 2,000

Dr. Cr.
d. Sep-30 Ticket Revenue 280,800
Income Summary 280,800
Income Summary 228,200
Salaries and Weges Expense 98,000
Maintenance and Repairs Expense 30,500
Insurance Expense 19,000
Property Tax Expense 24,000
Supplies Expense 16,400
Utilities Expense 16,400
Interest Expense 8,000
Advertising Expense 9,400
Depreciation Expense 6,000
Income Summary 52,600
Retained Earnings 52,600
Retained Earning 14,000
Dividends 14,000

Dr. Cr.
e. Sep-30 Cash 34,400
Supplies 2,200
Prepaid Insurance 10,900
Land 80,000
Equipment 120,000
Accumulated Depreciation Equipment 42,200
Account Payable 14,600
Interest Payable 2,000
Property Taxes Payable 3,000
Unearned Ticket Revenue 1,000
Mortgage Payable 50,000
Share Capital Ordinary 60,000
Ratained Earnings 74,700
247,500 247,500