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Oriole Company is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017.
Oriole Company is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017.
Service revenue (from camping fees) | $182,160 | Dividends | $12,420 | |||
Sales revenue (from general store) | 34,500 | Notes payable | 69,000 | |||
Accounts payable | 15,180 | Expenses during 2017 | 173,880 | |||
Cash | 11,730 | Supplies | 7,590 | |||
Equipment | 157,320 | Common stock | 55,200 | |||
Retained earnings (1/1/2017) | 6,900 |
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