Low Enrollment: 20 campers

High Enrollment: 30 campers

Camp Fee: $2,000 per camper (Low Enrollment) Down Payment: 20% of $2,000 = $400 per camper (20) = $8,000 (received in March) and the remainder in June $1,600(20)=$32,000

Camp Fee: $2,000 per camper ( High Enrollment)Down Payment: 20% of $2,000 = $400 per camper (30) = $12,000 (received in March) and the remainder in June $1,600(30)=$48,000

Counselor Salary: $3,000 each for 4 counselors = $12,000 (paid in August)

Supplies: $4,000 cash (purchased in April)

Supplies Leftover (End of June): $2,000

Supplies Leftover (Low Enrollment, End of July): $350

Utilities, Horse Feed, and Food expense : $6,000 (Low Enrollment) and $7,000 (High Enrollment),used evenly in each week of the sessions, paid in August

Prepare an income statement at the low enrollment and high enrollment with both having a cash basis and accrual basis .

CASH BASIS:	March	April	June	July	August	Season
Revenue
Counselor salary expense
Supplies expense
Utilities, horses, food
Profits
ACCRUAL BASIS:
Revenue
Counselor salary expense
Supplies expense
Utilities, horses, food
Profits
HIGH ENROLLMENT
CASH BASIS:	March	April	June	July	August	Season
Revenue
Counselor salary expense
Supplies expense
Utilities, horses, food
Profits
ACCRUAL BASIS:
Revenue
Counselor salary expense
Supplies expense
Utilities, horses, food
Profits