Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tactical Paint runs paint ball game courses. The following information was taken from their Green, Orange and Purple courses for the month of February. Complete

Tactical Paint runs paint ball game courses. The following information was taken from their Green, Orange and Purple courses for the month of February.

Complete the missing elements of their income statement.

Tactical Paint
Income Statement
Month Ending February 28, 2022
Revenues Green Orange Purple
Greens fees revenue $ 62,500 $ 89,000 $ 42,800
Outings Revenue #1 $ 6,000 $ 28,000
Total Revenue $ 73,500 $ 95,000 $ 70,800
Expenses
Landscaping $ 7,800 $ 14,200 $ 6,400
Wages $ 43,900 #2 $ 32,600
Repairs and Maintenance $ 5,600 $ 2,600 $ 4,400
Fuel $ 3,100 $ 3,000 $ 1,980
Utilities $ 1,800 $ 3,000 $ 1,650
Total Expenses $ 62,200 $ 79,100 $ 47,030
Operating Income $ 11,300 $ 15,900 #3

#1 - Outings Revenue

Input the amount of Outings Revenue with no commas or decimals. ____________

#2 - Wages

Input the amount for Wages with no commas or decimals ___________________

#3 - Operating Income

Input the amount for Operating Income with no commas or decimals. _______________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What is quality of work life ?

Answered: 1 week ago

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago