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
Answers: 1
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