Birch Campsite is a private camping ground Pinecrest National Park. It has compiled the financial information as of December 31, 2024. near the following Service revenue (from camping $178,600 fees) Sales revenue (from general store) $48,700 Accounts payable Cash Equipment Dividends Notes payable Expenses during 2024 Supplies Common stock Retained earnings (1/1/2024) Determine Birch Campsite's net income for 2024. $22,500 $16,800 $185,400 $16,200 $82,300 $168,500 $11,200 $68,000 $9,800

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 93.3C
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Birch Campsite is
a private camping ground
Pinecrest National Park. It has compiled the
financial information as of December 31, 2024.
near the
following
Service revenue
(from camping $178,600
fees)
Sales revenue (from general store) $48,700
Accounts payable
Cash
Equipment
Dividends
Notes payable
Expenses during 2024
Supplies
Common stock
Retained earnings (1/1/2024)
Determine Birch Campsite's net income for 2024.
$22,500
$16,800
$185,400
$16,200
$82,300
$168,500
$11,200
$68,000
$9,800
Transcribed Image Text:Birch Campsite is a private camping ground Pinecrest National Park. It has compiled the financial information as of December 31, 2024. near the following Service revenue (from camping $178,600 fees) Sales revenue (from general store) $48,700 Accounts payable Cash Equipment Dividends Notes payable Expenses during 2024 Supplies Common stock Retained earnings (1/1/2024) Determine Birch Campsite's net income for 2024. $22,500 $16,800 $185,400 $16,200 $82,300 $168,500 $11,200 $68,000 $9,800
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