The following data are for Central District Parking Corporation:

The summarized transactions for October 2012 are as follows:

a. Prepare a summary of transactions (see Part A of Illustration 1.3) using column headings eS Required as given in the preceding balance sheet. Determine balances after each transaction.

b. Prepare an income statement for October 2012.

c. Prepare a statement of retained earnings for October 2012.

d. Prepare a balance sheet as of October 31, 2012.
The following balance sheets for June 30, 2012, and May 31, 2012, and the income statement for June are for Beach Camping Trailer Storage, Inc. (Common practice is to show the most a recent period first.)

Acash dividend of $6,000 was declared and paid in June.
State the probable causes of the changes in each of the balance sheet accounts from May 31 to Gone June 30, 2012.

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CENTRAL DISTRICT PARKING CORPORATION Balance Sheet October 1, 2012 Assets Cash Accounts Receivable Total assets $ 344,000 18,000 $ 362,000 Liabilities and Stockholders' Equity Accounts payable $ 94,000 Capital stock Retained earnings Total liabilities and stockholders' equity 232,000 36,000 $ 362,000