Stupid Accounting Project Theater Trial Balance 1-Nov-20 This company runs a movie theater. Film rental is the cost of the movies shown in the theater. Record the transactions in a journal form. Prepare the financial statements for the month: Income statement Statement of Stockholder Equity Balance Sheet Cash flow statement Net Income - 59 2135 200 2.950 12050 Cash Supplies Sound Equip Projection Equip Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings 2,000 385 150 12,500 2,300 17,335 17,336 Date 1-Nov 2 Nov 3-Nov 5-Nov 5.Nov 6-Nov 6 Nov 8-Nov 9 Nov 10-Nov 10 Nov 12 Nov 13-Nov 15 Nov 15 Nov 15 Nov 16-Nov 17-Nov 19 Nov 20 Nov oumal Explanation Paid $120 for film rental Received $300 from admissions Received $230 from admissions Paid $80 to Price Optical Comparty on account Paid $25 for advertising Paid $100 to Dempsey Sound Service on account (work done for us previously Paid $300 for rent of November Paid $135 for film rental Received $185 from admissions Paid $7 for repairs Received $150 from admissions Paid $20 for advertising Paid $60 for repairs Paid $50 for new sound equipment Paid $74 for film rental Paid salaries of $300 Received $175 from admissions Received $193 from admissions Paid $18 for advertising Paid $13 for repairs 23-Nov 24 Nov 24-Nov 28 Nov Received $165 from admissions Paid $85 for film rental Received $143 from admissions Sold old projection equipment for $25 Original cost was $600 Ace Dep at sale $500 Paid $25 for advertising Paid $115 for film rental Paid $65 for electricity for November Paid $15 for water service for November Received $135 from admissions 27-Nov 29. Nov 30 Nov 30-Nov 30 Nov During the month, $45 of supplies were used. The depreciation expense for the month was $150. At the end of the month the company owed $200 of salaries to employees. Stupid Accounting Project Theater Trial Balance 1-Nov-20 This company runs a movie theater. Film rental is the cost of the movies shown in the theater. Record the transactions in a journal form. Prepare the financial statements for the month: Income statement Statement of Stockholder Equity Balance Sheet Cash flow statement Net Income - 59 2135 200 2.950 12050 Cash Supplies Sound Equip Projection Equip Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings 2,000 385 150 12,500 2,300 17,335 17,336 Date 1-Nov 2 Nov 3-Nov 5-Nov 5.Nov 6-Nov 6 Nov 8-Nov 9 Nov 10-Nov 10 Nov 12 Nov 13-Nov 15 Nov 15 Nov 15 Nov 16-Nov 17-Nov 19 Nov 20 Nov oumal Explanation Paid $120 for film rental Received $300 from admissions Received $230 from admissions Paid $80 to Price Optical Comparty on account Paid $25 for advertising Paid $100 to Dempsey Sound Service on account (work done for us previously Paid $300 for rent of November Paid $135 for film rental Received $185 from admissions Paid $7 for repairs Received $150 from admissions Paid $20 for advertising Paid $60 for repairs Paid $50 for new sound equipment Paid $74 for film rental Paid salaries of $300 Received $175 from admissions Received $193 from admissions Paid $18 for advertising Paid $13 for repairs 23-Nov 24 Nov 24-Nov 28 Nov Received $165 from admissions Paid $85 for film rental Received $143 from admissions Sold old projection equipment for $25 Original cost was $600 Ace Dep at sale $500 Paid $25 for advertising Paid $115 for film rental Paid $65 for electricity for November Paid $15 for water service for November Received $135 from admissions 27-Nov 29. Nov 30 Nov 30-Nov 30 Nov During the month, $45 of supplies were used. The depreciation expense for the month was $150. At the end of the month the company owed $200 of salaries to employees