Question
The account balances for Big Screen Theatre Corporation are listed below. All balances are as of December 31, 2015, except where noted otherwise. Accounts Payable
The account balances for Big Screen Theatre Corporation are listed below. All balances are as of December 31, 2015, except where noted otherwise.
Accounts Payable | $14,500 | Furniture & Fixtures | $30,000 |
Accounts Receivable | 5,500 | Notes Payable (due 3/1/18) | 19,000 |
Accumulated Depreciation | 10,000 | Prepaid Expenses | 22,000 |
Advertising Expense | 11,200 | Projection Equipment | 30,000 |
Buildings | 68,000 | Rent Expense - Movies | 50,600 |
Common Stock | ?? | Retained Earnings (1/1/15) | 73,700 |
Cash | 15,000 | Salaries & Wage Expense | 46,900 |
Concessions Revenue | 56,200 | Ticket Sales Revenue | 94,500 |
Cost of Goods Sold | 22,800 | Unearned Revenue | 2,500 |
Dividends | 2,000 | Utility Expense | 6,000 |
Marketable Equity Securities | 5,000 | Trademark | 3,000 |
Wages Payable | 1,000 |
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Determine Common Stock amount on December 31, 2015:
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