Womens Summer Hockey Ltd. (WSHL) organizes and operates a womens hockey league between April and September. Teams may register starting in January and by the end of March must prepay the registration fee in full. The registration fee of $6,310 entitles each team to four games a month from April to September inclusive. Every player receives a jersey on which the WSHL sells advertising space to local businesses. Players who prefer not to commit for the entire summer may play on a drop-in basis and only pay for individual games in which they play. For an additional fee, WSHL also offers medical insurance during the season as well as an end-of-season awards ceremony and party. At the close of registration, 12 teams had committed to the league. Once the season began, the league generated so much interest that between April and June, 340 women decided to play on a drop-in basis and paid $17 per game to participate. WSHL signed up several businesses that bought advertising space on the jerseys, and it collected $17,000 in advertising revenues. WSHL also pre-sold medical insurance and collected $1,460. Between April and June WSHL collected a total of $5,400 from individuals interested in attending the end-of-season awards ceremony. The cost to organize the games between April and June was $6,600 per month, of which $13,800 was paid by the end of June. Other miscellaneous expenses totalling $10,000 were incurred and paid in cash.

Prepare a simple statement of income for WSHL for the period from January to June. (Enter loss using either a negative sign preceding the number e.g. -14,674 or parentheses e.g. (14,674).)

Womens Summer Hockey Ltd. Statement of Income Choose the accounting period. June 30, 20XXFor the six months ended June 30, 20XXFor the year ended June 30, 20XX
Select an opening name for section one. DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues:
Enter an income statement item.		$Enter a dollar amount.
Enter an income statement item.		Enter a dollar amount.
Enter an income statement item.		Enter a dollar amount.
Select a closing name for section one. DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues		$Enter a total amount for section one.
Select an opening name for section two. DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues:
Enter an income statement item.		Enter a dollar amount.
Enter an income statement item.		Enter a dollar amount.
Select a closing name for section two. DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues		$Enter a total amount for section two.
Select a closing name for this statement. DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues		$Enter a total net income or loss amount.

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List of Accounts

Calculate the balance in WSHLs Cash account on June 30.

Cash balance

$Enter cash balance in dollars.