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The park's financial records are as follows. Please calculate the park's profit and how it is calculated。 Revenues-camping fees $163,000 Revenues - general store $40,000 Operating expenses 155,000 Cash on hand 17.200 Supplies on hand 2,500 Original cost of equipment 117 ,000 Fair value of equiprment 132,000 Notes payable 80,000 Accounts payable 12.200 J Cumby, capital, April 1, 2023 17,000 Accounts receivable 21,400 J. Cumby, drawings 8,500 Carmping fees collected for April 10,000 Insurance paid for in advance for April to June, 2024 600

The park's financial records are as follows. Please calculate the park's profit and how it is calculated。 Revenues-camping fees $163,000 Revenues - general store $40,000 Operating expenses 155,000 Cash on hand 17.200 Supplies on hand 2,500 Original cost of equipment 117 ,000 Fair value of equiprment 132,000 Notes payable 80,000 Accounts payable 12.200 J Cumby, capital, April 1, 2023 17,000 Accounts receivable 21,400 J. Cumby, drawings 8,500 Carmping fees collected for April 10,000 Insurance paid for in advance for April to June, 2024 600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The park's financial records are as follows. Please calculate the park's profit and how it is calculated。

Revenues-camping fees
$163,000
Revenues - general store
$40,000
Operating expenses
155,000
Cash on hand
17.200
Supplies on hand
2,500
Original cost of equipment
117 ,000
Fair value of equiprment
132,000
Notes payable
80,000
Accounts payable
12.200
J Cumby, capital, April 1, 2023
17,000
Accounts receivable
21,400
J. Cumby, drawings
8,500
Carmping fees collected for April
10,000
Insurance paid for in advance for April to June, 2024
600

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