Problem 1-76B (Algorithmic) Statement of Earnings, Statement of Retained Earnings, and Statement of Financial Position McDonald...

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Problem 1-76B (Algorithmic) Statement of Earnings, Statement of Retained Earnings, and Statement of Financial Position McDonald Marina provides docking and cleaning services for pleasure boats at its marina in Vancouver. The following account balances are available for 2022: Accounts payable Accounts receivable Accumulated depreciation (building) $ 26,400 268,700 64,500 Accumulated depreciation (equipment) 950,400 Bonds payable (due 2027) 2,000,000 Building 197,300 Cash 32,840 Common shares (40,000 shares) 610,540 Depreciation expense (building) 21,500 Depreciation expense (equipment) 246,300 Dividends 25,300 Equipment 2,490,000 Income tax expense 21,700 Interest expense 236,000 Interest payable 18,000 Land 875,000 Rent expense 14,600 Rent payable 2,400 Retained earnings, 12/31/2021 128,600 Service revenue (cleaning) 472,300 Service revenue (docking) 1,460,000 Supplies 9,800 Supplies expense 89,100 Utilities expense Wages expense Wages payable Required: 239,400 987,200 21,600 Problem 1-76B (Algorithmic) Statement of Earnings, Statement of Retained Earnings, and Statement of Financial Position McDonald Marina provides docking and cleaning services for pleasure boats at its marina in Vancouver. The following account balances are available for 2022: Accounts payable Accounts receivable Accumulated depreciation (building) $ 26,400 268,700 64,500 Accumulated depreciation (equipment) 950,400 Bonds payable (due 2027) 2,000,000 Building 197,300 Cash 32,840 Common shares (40,000 shares) 610,540 Depreciation expense (building) 21,500 Depreciation expense (equipment) 246,300 Dividends 25,300 Equipment 2,490,000 Income tax expense 21,700 Interest expense 236,000 Interest payable 18,000 Land 875,000 Rent expense 14,600 Rent payable 2,400 Retained earnings, 12/31/2021 128,600 Service revenue (cleaning) 472,300 Service revenue (docking) 1,460,000 Supplies 9,800 Supplies expense 89,100 Utilities expense Wages expense Wages payable Required: 239,400 987,200 21,600