Formidable Bowling Alley Income Statement
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Bowling alley income statement. Drakes financial manager forecasts a 10 increase in sales and costs in 2020. The adjusted trial balance for Pharoah Bowling Alley at December 31 2020 contains the following accounts. Prepare the income statement and statement of changes in equity for the year ended 30 June 2017 and a classified balance sheet as at 30 June 2017.
List Current Assets in order of liquidity. Where good times become great. List Property Plant and Equipment in order of Land Buildings and Equipment.
And great parties become legendary. Assumptions 1Full Time Salary break up. Heck some might even drive cars that allow companies like Toyota.
The average person spends 25 hours when visiting a bowling center and average HH Income is 71200. There will be 600 lockers rented at 300 each per month. Food and Beverage Revenue will be 50 of total bowling revenue.
Assume that 28300 of the note payable will be paid in 2021. Bowling Center - Salary - Get a free salary comparison based on job title skills experience and education. Required a Prepare the income statement and statement of changes in equity for the year ended 30 June 2020 and a classified balance sheet as at 30 June 2020.
Depreciation for the year. Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to. Record adjusting and closing entries in the general journal.