Homework Answers
| Ayayai Cottages | ||||
| Journal entries | ||||
| Date | Account | Debit | Credit | Calculation |
| 31-Aug | Insurance expense | $ 825 | =3,300/12*3 | |
| Prepaid Insurance | $ 825 | |||
| 31-Aug | Supplies expense | $ 1,500 | =2,000-500 | |
| Supplies | $ 1,500 | |||
| 31-Aug | Depreciation expense | $ 1,330 | =133,000/25*3/12 | |
| Accumulated Depreciation - Buildings | $ 1,330 | |||
| 31-Aug | Depreciation expense | $ 375 | =15,000/10*3/12 | |
| Accumulated Depreciation - Furniture | $ 375 | |||
| 31-Aug | Unearned Revenue | $ 3,700 | ||
| Rent Revenue | $ 3,700 | |||
| 31-Aug | Salaries expense | $ 410 | ||
| Salaries Payable | $ 410 | |||
| 31-Aug | Accounts Receivable | $ 820 | ||
| Rent Revenue | $ 820 | |||
| 31-Aug | Interest expense | $ 1,110 | =74,000*6%*3/12 | |
| Interest Payable | $ 1,110 | |||
Add Answer to:
After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage...
prepare trail balance Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare...
prepare trail balance
Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare an adjusted trial balance as at August 31. Ayayai Cottages Trial Balance Debit Credit re to search op After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage rental business on June 1, 2021. The trial ba Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Credit Debit $5,900 Cash Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000...
just need to make the adjusting journal entries. LE post, al bal. nients. 4-7 Spring River...
just need to make the adjusting journal entries.
LE post, al bal. nients. 4-7 Spring River Resort Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follows. SPRING RIVER RESORT INC. Trial Balance August 31, 2008 Account Number Credit 101 126 130 Cash Supplies Prepaid Insurance Debit $19,600 3,300 6,000 140 Exercises 131 143 Land HD 25,000 125,000 26,000 149 201 208 275 311 Cottages Furniture 0 Accounts...
1. Gonzalez Resort opened for business on June 1 with eight air-conditioned units. Its trial balance...
1.
Gonzalez Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows Gonzalez Resort Trial Balance August 31, 2017 Debit Credit $1,960 Prepaid Insurance Supplıes Buildıngs Equipment 2,000 12,000 1,600 Accounts $450 Payable Unearned Rent Revenue Mortgage Payable Common Stock 6,000 9,100 890 Retaned Earnıngs Dividends 500 4,48 920 7,620 Revenue Salaries and Wages Expense Utilities Expense Maintenance and Repairs $24,520 24,520 Other data: 1 The balance in prepaid insurance...
The trial balance for Bramble Corp. on August 31 is as follows: Bramble Corp. Trial Balance...
The trial balance for Bramble Corp. on August 31 is as follows: Bramble Corp. Trial Balance August 31, 2017 Debit Credit Cash $6,800 Prepaid insurance 3,700 Supplies 1,900 Land 18,300 Buildings 146,000 Accumulated depreciation—buildings $21,024 Equipment 15,100 Accumulated depreciation—equipment 4,077 Accounts payable 4,700 Unearned rent revenue 4,050 Notes payable 79,500 Common shares 81,500 Retained earnings 4,400 Dividends 5,600 Rent revenue 75,000 Salaries and wages expense 48,196 Insurance expense 12,950 Interest expense 3,975 Utilities expense 8,250 Repairs and maintenance expense 3,480...
3. Depreciation Expense Accumulated Depreciation - Buildings (To record depreciation on buildings) Depreciation Expense Accumulated Depreciation...
3. Depreciation Expense Accumulated Depreciation - Buildings (To record depreciation on buildings) Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation on equipment) 4. Unearned Revenue Rent Revenue (Adjusting entry for rent revenue received for September) (Adjusting entry for unearned rent revenue earned during August) 5. 6. 7. Prepare an adjusted trial balance as at August 31. Monty Corp. Adjusted Trial Balance Debit Credit $ $ Monty Corp. Trial Balance August 31, 2020 Credit Debit $6,900 3,000 1,950 19,500 148,000...
The trial balance for Hanna Resort Limited on August 31 is as follows: Hanna Resort Limited...
The trial balance for Hanna Resort Limited on August 31 is as follows: Hanna Resort Limited Trial Balance August 31, 2020 Debit Credit Cash $ 6,700 Prepaid insurance 3,500 Supplies 1,800 Land 20,000 Buildings 142,000 Accumulated depreciation—buildings $ 20,448 Equipment 16,000 Accumulated depreciation—equipment 4,320 Accounts payable 4,800 Unearned rent revenue 4,600 Notes payable 77,000 Common shares 81,000 Retained earnings 4,680 Dividends 5,000 Rent revenue 68,002 Salaries and wages expense 43,200 Insurance expense 12,250 Interest expense 3,080 Utilities expense 7,720 Repairs...
The trial balance for Martinez Corp. on August 31 is as follows: Martinez Corp. Trial Balance...
The trial balance for Martinez Corp. on August 31 is as follows: Martinez Corp. Trial Balance August 31, 2020 Debit Credit Cash $5,100 Prepaid insurance 4,000 Supplies 2,000 Land 18,700 Buildings 146,000 Accumulated depreciation—buildings $21,024 Equipment 16,000 Accumulated depreciation—equipment 4,320 Accounts payable 4,500 Unearned rent revenue 4,950 Notes payable 78,000 Common shares 81,100 Retained earnings 4,450 Dividends 4,400 Rent revenue 69,000 Salaries and wages expense 42,254 Insurance expense 14,000 Interest expense 3,900 Utilities expense 7,500 Repairs and maintenance expense 3,490...
4-7 & 4-8 Prepare the adjusting entries for the month of June. Use J3 as the...
4-7 & 4-8
Prepare the adjusting entries for the month of June. Use J3 as
the page number for your journal.
Post the adjusting entries to the ledger accounts. Enter the
totals from the trial balance as beginning account balances, nd
place a check mark in the posting reference column.
Prepare an adjusting trial balance at June 30th, 2008.
(b) The accounts before adjustment vl 7 Spring River Resort Inc. opened for business on June 1 with eight all-con units...
Exercise 3-10 Oriole Resort opened for business on June 1 with eight air-conditioned units. Its trial...
Exercise 3-10 Oriole Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. Credit ORIOLE RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Cash $25,600 Prepaid Insurance 10,500 Supplies 8,600 Land 30,000 Buildings 130,000 Equipment 26,000 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends 5,000 Rent Revenue Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $293,300 $10,500 10,600 70,000 107,000 9,000 86,200...
The trial balance for Blue Spruce Corp. on August 31 is as follows: Blue Spruce Corp....
The trial balance for Blue Spruce Corp. on August 31 is as follows: Blue Spruce Corp. Trial Balance August 31, 2020 Debit Credit $5.300 3,200 1.950 20.100 150.000 $21,600 14.000 Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 3.780 4,700 4,750 76,000 80,400 4,300 4,550 72,000 41.570 11.200...
prepare trail balance
Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare an adjusted trial balance as at August 31. Ayayai Cottages Trial Balance Debit Credit re to search op After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage rental business on June 1, 2021. The trial ba Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Credit Debit $5,900 Cash Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000...
just need to make the adjusting journal entries.
LE post, al bal. nients. 4-7 Spring River Resort Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follows. SPRING RIVER RESORT INC. Trial Balance August 31, 2008 Account Number Credit 101 126 130 Cash Supplies Prepaid Insurance Debit $19,600 3,300 6,000 140 Exercises 131 143 Land HD 25,000 125,000 26,000 149 201 208 275 311 Cottages Furniture 0 Accounts...
1.
Gonzalez Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows Gonzalez Resort Trial Balance August 31, 2017 Debit Credit $1,960 Prepaid Insurance Supplıes Buildıngs Equipment 2,000 12,000 1,600 Accounts $450 Payable Unearned Rent Revenue Mortgage Payable Common Stock 6,000 9,100 890 Retaned Earnıngs Dividends 500 4,48 920 7,620 Revenue Salaries and Wages Expense Utilities Expense Maintenance and Repairs $24,520 24,520 Other data: 1 The balance in prepaid insurance...
3. Depreciation Expense Accumulated Depreciation - Buildings (To record depreciation on buildings) Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation on equipment) 4. Unearned Revenue Rent Revenue (Adjusting entry for rent revenue received for September) (Adjusting entry for unearned rent revenue earned during August) 5. 6. 7. Prepare an adjusted trial balance as at August 31. Monty Corp. Adjusted Trial Balance Debit Credit $ $ Monty Corp. Trial Balance August 31, 2020 Credit Debit $6,900 3,000 1,950 19,500 148,000...
4-7 & 4-8
Prepare the adjusting entries for the month of June. Use J3 as
the page number for your journal.
Post the adjusting entries to the ledger accounts. Enter the
totals from the trial balance as beginning account balances, nd
place a check mark in the posting reference column.
Prepare an adjusting trial balance at June 30th, 2008.
(b) The accounts before adjustment vl 7 Spring River Resort Inc. opened for business on June 1 with eight all-con units...
Exercise 3-10 Oriole Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. Credit ORIOLE RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Cash $25,600 Prepaid Insurance 10,500 Supplies 8,600 Land 30,000 Buildings 130,000 Equipment 26,000 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends 5,000 Rent Revenue Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $293,300 $10,500 10,600 70,000 107,000 9,000 86,200...
The trial balance for Blue Spruce Corp. on August 31 is as follows: Blue Spruce Corp. Trial Balance August 31, 2020 Debit Credit $5.300 3,200 1.950 20.100 150.000 $21,600 14.000 Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 3.780 4,700 4,750 76,000 80,400 4,300 4,550 72,000 41.570 11.200...
Most questions answered within 3 hours.
-
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 1 hour ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 2 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 2 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 4 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 4 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 5 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 5 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 6 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 6 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 6 hours ago -
1.
What is the minimum volume to use in the Spec 20 cuvette in order
to...
asked 7 hours ago -
A builder wants to install wall-to-wall carpeting in a living
room of length 8.87 m and...
asked 6 hours ago