P1- 2A

B.) Donahue Veterinary Clinic Ltd.

Income Statement
For the Month Ended Septmber 30, 2017
Revenues
Service revenue ..................................................................... 7.300
Expenses
Salaries and wages expense ................................................... 1.700
Rent exepnse .......................................................................... 900
Advertising expense ............................................................... 200
Utilities expense ..................................................................... 170 +
Total expense ............................................................. 2.970 -
Net income ......................................................................................... 4.330

Donahue Veterinary Clinic Ltd.

Retained Earnings Statement
For the Month Ended Septmber 30, 2017
Retained earnings, September 1 ....................................................... 700
Net income ....................................................................................... 4.330 +
5.030
Dividends ......................................................................................... 400 -
Retained earnings, September 30 .................................................... 4.630

Donahue Veterinary Clinic Ltd.

Statement of Financial Position
For the Month Ended Septmber 30, 2017
Assets
Cash .................................................................................................. 15.900
Account receivable ........................................................................... 5.200
Supplies ............................................................................................ 600
Equipment ........................................................................................ 8.100 +
Total assets ........................................................................... 29.800

Equity and Liabilities

Equity
Share capital ........................................................................ 13.000
Retained earnings ................................................................ 4.630 +
Total equity ............................................................. 17.630
Liabilities
Notes payable....................................................................... 10.000
Accounts payable ................................................................ 2.170 +
Total liabilities ........................................................ 12.170 +
Total equity and liabilities .............................................................. 29.800
P1- 3A
A.) Park Flying School Ltd.
Income Statement (in thousand)
For the Month Ended May 31, 2017
Revenues
Service revenue ..................................................................... 6.800
Expenses
Gasoline expense .................................................................... 2.500
Rent exepnse .......................................................................... 1.000
Advertising expense ............................................................... 500
Maintenance and repairs expense .......................................... 400
Utilities expense ..................................................................... 400 +
Total expense ............................................................. 4.800 -
Net income ......................................................................................... 2.000

Park Flying School Ltd.

Retained Earnings Statement (in thousand)
For the Month Ended May 31, 2017
Retained earnings, May 1 ................................................................ 0
Net income ....................................................................................... 2.000 +
2.000
Dividends ......................................................................................... 480 -
Retained earnings, May 31 ............................................................... 1.520

Park Flying School Ltd.

Statement of Financial Position (in thousand)
For the Month Ended May 31, 2017
Assets
Cash .................................................................................................. 4.500
Account receivable ........................................................................... 7.420
Equipment ........................................................................................ 64.000 +
Total assets ........................................................................... 75.920

Equity and Liabilities

Equity
Share capital ........................................................................ 45.000
Retained earnings ................................................................ 1.520 +
Total equity ............................................................. 46.520
Liabilities
Notes payable....................................................................... 28.000
Accounts payable ................................................................ 1.400 +
Total liabilities ........................................................ 29.400 +
Total equity and liabilities .............................................................. 75.920
B.) Park Flying School Ltd.
Income Statement (in thousand)
For the Month Ended May 31, 2017
Revenues
Service revenue [6.800 + 900] ............................................... 7.700
Expenses
Gasoline expense [2.500 +1.500]........................................... 4.000
Rent exepnse .......................................................................... 1.000
Advertising expense ............................................................... 500
Maintenance and repairs expense .......................................... 400
Utilities expense ..................................................................... 400 +
Total expense ............................................................. 6.300 -
Net income ......................................................................................... 1.400

Park Flying School Ltd.

Retained Earnings Statement (in thousand)
For the Month Ended May 31, 2017
Retained earnings, May 1 ................................................................ 0
Net income ....................................................................................... 1.400 +
1.400
Dividends ......................................................................................... 480 -
Retained earnings, May 31 ............................................................... 920

Ranti Yulita Sari

143190119
Ekonomi Pembangunan- C