Name: Section: General Instructions 1. The following worksheet may be used to complete the exercise/problem.

You may need to refer to your textbook for additional information. 2. The blue cells are for data entry. Enter text in the T cells, formulas in the F cells, dollar/numbers in the $ cells. 3. The completed exercise/problem may be printed or e-mailed per direction from your instructor. E1-6 For each of the following independent cases, fill in the blank with the appropriate formula. CASE 1 Total assets, end of period Total liabilities, end of period Capital stock, end of period Retained earnings, beginning of period Net income for the period Dividends for the period $ 40,000 F 10,000 15,000 8,000 2,000 CASE 2 F 15,000 5,000 8,000 7,000 1,000 F 3,000 F CASE 3 $ 75,000 25,000 20,000 10,000 CASE 4 $ 50,000 10,000 15,000 20,000 9,000

Name: Section: General Instructions 1. The following worksheet may be used to complete the exercise/problem. You may need to refer to your textbook for additional information. 2. The blue cells are for data entry. Enter text in the T cells, formulas in the F cells, dollar/numbers in the $ cells. 3. The completed exercise/problem may be printed or e-mailed per direction from your instructor. P1-5 Shown below, in alphabetical order, is a list of various items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30, 2007 (with the exception of Retained Earnings, which is the balance on September 1, 2007), and the amounts shown for income statement items are balances for the month ended September 30, 2007: Accounts payable Accounts receivable Advertising expense Buildings Capital stock Cash Concessions revenue Cost of concessions sold Dividends paid during the month Furniture and fixtures Land Notes payable Projection equipment Rent expensemovies Retained earnings Salaries and wages expense Ticket sales Water, gas, and electricity $ 17,600 6,410 14,500 60,000 50,000 15,230 60,300 23,450 8,400 34,000 26,000 20,000 25,000 50,600 73,780 46,490 95,100 6,700

Required 1. Prepare an income statement for the month ended September 30, 2007. MAPLE PARK THEATRES CORP. INCOME STATEMENT FOR THE MONTH ENDED SEPTEMBER 30, 2007 Revenues: T T Total revenues Expenses: T T T T T Total expenses Net income F F F F F $ $ F F $ -

2. Prepare a statement of retained earnings for the month ended September 30, 2007. MAPLE PARK THEATRES CORP. STATEMENT OF RETAINED EARNINGS FOR THE MONTH ENDED SEPTEMBER 30, 2007 Beginning balance, September 1, 2007 T T Ending balance, September 30, 2007 F F F F

3. Prepare a balance sheet at September 30, 2007. MAPLE PARK THEATRES CORP. BALANCE SHEET September 30, 2007 Assets T T T T T T Total assets Liabilities and Stockholders' Equity T T T T Total liabilities and stockholders' equity F F F F $ F F F F F F $ -

4. You have $1,000 to invest. On the basis of the statements you prepared, would you use it to buy stock in Maple Park? What other information would you want before making a final decision? T

Name: Section: General Instructions 1. The following worksheet may be used to complete the exercise/problem. You may need to refer to your textbook for additional information. 2. The blue cells are for data entry. Enter text in the T cells, formulas in the F cells, dollar/numbers in the $ cells. 3. The completed exercise/problem may be printed or e-mailed per direction from your instructor. P1-5A Shown below, in alphabetical order, is a list of the various items that regularly appear on the financial statements of Sterns Audio Book Rental Corp. The amounts shown for balance sheet items are balances as of December 31, 2007 (with the exception of Retained Earnings, which is the balance on January 1, 2007), and the amounts shown for income statement items are balances for the year ended December 31, 2007: Accounts payable Accounts receivable Advertising expense Audio tape inventory Capital stock Cash Display fixtures Dividends paid during the year Notes payable Rental revenue Rent paid on building Retained earnings Salaries and wages expense Water, gas, and electricity $ 4,500 300 14,500 70,000 50,000 2,490 45,000 12,000 10,000 125,900 60,000 35,390 17,900 3,600

Required 1. Prepare an income statement for the year ended December 31, 2007. STERNS AUDIO BOOK RENTAL CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2007 Revenues: T Total revenues Expenses: T T T T Total expenses Net income F F F F $ $ F $ -

2. Prepare a statement of retained earnings for the year ended December 31, 2007. STERNS AUDIO BOOK RENTAL CORP. STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2007 Beginning balance, January 1, 2007 T T Ending balance, December 31, 2007 F F F F

3. Prepare a balance sheet for the year ended December 31, 2007. STERNS AUDIO BOOK RENTAL CORP. BALANCE SHEET December 31, 2007 Assets T T T T Total assets Liabilities and Stockholders' Equity T T T T Total liabilities and stockholders' equity F F F F $ F F F F $ -

4. You have $1,000 to invest. On the basis of the statement you prepared, would you use it to buy stock in this company? What other information would you want before deciding? T