Business, 14.10.2021 21:50 eddie6242

URGENT PLEASE URGENT The fiscal year of Baker Street Cinema Limited ends on December 31. The business adjusts its accounts on a monthly basis. The unadjusted trial balance for the month ended August 31, 2020 is given below along with further information relating to adjustments for the month (adjusting entries for the period January 1 – July 31, 2020 have already been made). Dr Cr

Cash 46,500

Prepaid movie rental 61,200

Land 120,000

Building 168,000

Accumulated depreciation - Building 14,000

Fixtures 72,000

Accumulated depreciation - Fixtures 24,000

Notes payable 240,000

Accounts payable 40,400

Unearned ticket revenue 1,000

Income taxes payable 4,740

Share Capital - Ordinary 40,000

Retained earnings 38,810

Dividends 15,000

Ticket revenue 305,200

Kiosk revenue 14,350

Salaries expense 68,500

Movie rental expense 94,500

Utilities expense 9,500

Depreciat

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URGENT PLEASE URGENT The fiscal year of Baker Street Cinema Limited ends on December 31. The busines...

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