b) Disney Amusement Park has a fiscal year ending on September 30, 2010 Selected data from...

 

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b) Disney Amusement Park has a fiscal year ending on September 30, 2010 Selected data from the September 30 worksheet are presented below. DISNEY AMUSEMENT PARK Worksheet For the Year Ended September 30, 2010 Adjusted Trial Balance Dr. Account Titles Trial Balance Dr Cr. Cr. 41,400 1,200 8,900 80,000 Cash Supplies Prepaid Insurance Land 41,400 18,600 31,900 80,000 120,000 Equipment Accounts Payable 120,000 50,800 3,700 50,000 109,700 50,800 2,000 50,000 109,700 Unearned Admissions Revenue Mortgage Note Payable L. Disney, Capital L. Disney, Drawing Admissions Revenue 14,000 14,000 277,500 279,200 Salaries Expense Repair Expense Advertising Expense Utilities Expense Property Taxes Expense Interest Expense 105,000 30,500 9,400 16,900 18,000 6,000 491,700 105,000 30,500 9,400 16,900 21,000 10,000 Totals 491,700 Insurance Expense Supplies Expense Interest Payable Property Taxes Payable Totals 23,000 17,400 4,000 3,000 498,700 498,700 Instruction: 05 i) Prepare a Classified Balance Sheet where Net Income is Tk. 46,000. (Note: Tk. 10,000 of the mortgage note payable is due for payment in the next fiscal year.) ii) Journalize the closing entries. b) Disney Amusement Park has a fiscal year ending on September 30, 2010 Selected data from the September 30 worksheet are presented below. DISNEY AMUSEMENT PARK Worksheet For the Year Ended September 30, 2010 Adjusted Trial Balance Dr. Account Titles Trial Balance Dr Cr. Cr. 41,400 1,200 8,900 80,000 Cash Supplies Prepaid Insurance Land 41,400 18,600 31,900 80,000 120,000 Equipment Accounts Payable 120,000 50,800 3,700 50,000 109,700 50,800 2,000 50,000 109,700 Unearned Admissions Revenue Mortgage Note Payable L. Disney, Capital L. Disney, Drawing Admissions Revenue 14,000 14,000 277,500 279,200 Salaries Expense Repair Expense Advertising Expense Utilities Expense Property Taxes Expense Interest Expense 105,000 30,500 9,400 16,900 18,000 6,000 491,700 105,000 30,500 9,400 16,900 21,000 10,000 Totals 491,700 Insurance Expense Supplies Expense Interest Payable Property Taxes Payable Totals 23,000 17,400 4,000 3,000 498,700 498,700 Instruction: 05 i) Prepare a Classified Balance Sheet where Net Income is Tk. 46,000. (Note: Tk. 10,000 of the mortgage note payable is due for payment in the next fiscal year.) ii) Journalize the closing entries.

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Balancesheet of Amusement park as on 30th sep 2010 Liabilities Amt Amt Assets Amt Amt Equity And lia... View the full answer