Homework Answers
| Account Titles and Explanation | Debit | Credit | ||
| 1 | Insurance Expense | 450 | ||
| Prepaid Insurance | 450 | |||
| 2 | Supplies Expense | 1550 | =2600-1050 | |
| Supplies | 1550 | |||
| 3a | Depreciation expense | 230 | =2760/12 | |
| Accumulated Depreciation-Buildings | 230 | |||
| 3b | Depreciation expense | 180 | =2160/12 | |
| Accumulated Depreciation-Equipment | 180 | |||
| 4 | Interest expense | 140 | =33600*5%*1/12 | |
| Interest payable | 140 | |||
| 5 | Unearned Rent Revenue | 2500 | ||
| Rent Revenue | 2500 | |||
| 6 | Salaries and wages expense | 820 | ||
| Salaries and wages payable | 820 |
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Problem 4- The H (Part Level Submission) n ed for business on May 1,...
Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial...
Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. MOTO HOTEL Trial Balance May 31, 2017 Debit Credit Cash $ 2,513 Supplies 2,600 Prepaid Insurance 1,800 Land 15,013 Buildings 67,600 Equipment 16,800 Accounts Payable $ 4,713 Unearned Rent Revenue 3,300 Mortgage Payable 33,600 Common Stock 60,013 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $110,626 $110,626 Other data: 1. Insurance expires...
Problem 4-03A The Blossom Hotel opened for business on May 1, 2022. Here is its trial...
Problem 4-03A The Blossom Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. BLOSSOM HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,233 2,600 1,800 14,733 67,600 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,433 3,300 33,600 59,733 9,000 3,000 800 500 $110,066 $110,066 Other data: 1. Insurance expires...
The Moto Hotel opened for business on May 1, 2017. Here is itstrial balance before...
The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.MOTO HOTELTrial BalanceMay 31, 2017DebitCreditCash$ 2,333Supplies2,600Prepaid Insurance1,800Land14,833Buildings67,600Equipment16,800Accounts Payable$ 4,533Unearned Rent Revenue3,300Mortgage Payable33,600Common Stock59,833Rent Revenue9,000Salaries and Wages Expense3,000Utilities Expense800Advertising Expense500$110,266$110,266Other data:1.Insurance expires at the rate of $450 per month.2.A count of supplies shows $1,070 of unused supplies on May
31.3.(a) Annual depreciation is $3,840 on the building.(b) Annual depreciation is $3,240 on equipment.4.The mortgage interest rate is 5%. (The mortgage was taken...
The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before...
The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.
MOTO
HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages
Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the...
Problem 4-03A (Part Level Submission) The Ivanhoe Hotel opened for business on May 1, 2022. Here...
Problem 4-03A (Part Level Submission)
The Ivanhoe Hotel opened for business on May 1, 2022. Here is
its trial balance before adjustment on May 31.
Problem 4-03A (Part Level Submission) The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. IVANHOE HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,433 2,600 1,800 14,933 67,600 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable...
Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial...
Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. MOTO HOTEL Trial Balance May 31, 2017 Debit Credit $ 2,453 2,600 1,800 14,953 72,400 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,653 3,300 38,400 59,953 9,000 3,000 800 500 $115,306 $115,306 Other data: 1. Insurance expires...
Fill in the balance sheet above. Problem 4-03A The Cullumber Hotel opened for business on May...
Fill in the balance sheet above.
Problem 4-03A The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. CULLUMBER HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,343 2,600 1,800 14,843 67,600 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,543 3,300 33,600 59,843 9,000 3,000 800 500 $110,286...
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent...
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue 6. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. DC not indent manually.)...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800 Land Buildings Equipment Accounts Payable $4.773 Unearned Rent Revenue Mortgage Payable 3,300 33,600 60,073 9,000 Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense 3,000 800 Advertising Expense 500 $110.746 $110,746 Other data: 1. Insurance expires at the rate of $450 per month 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,840 on...
MOTO HOTEL Trial Balance May 31, 2017 Debit Credit Cash $ 2,333 Supplies 2,600 Prepaid Insurance...
MOTO HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the rate of $450 per month.
2.
A count of supplies shows $1,070 of unused supplies on May
31.
3.
(a)...
Problem 4-03A The Blossom Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. BLOSSOM HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,233 2,600 1,800 14,733 67,600 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,433 3,300 33,600 59,733 9,000 3,000 800 500 $110,066 $110,066 Other data: 1. Insurance expires...
The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.MOTO HOTELTrial BalanceMay 31, 2017DebitCreditCash$ 2,333Supplies2,600Prepaid Insurance1,800Land14,833Buildings67,600Equipment16,800Accounts Payable$ 4,533Unearned Rent Revenue3,300Mortgage Payable33,600Common Stock59,833Rent Revenue9,000Salaries and Wages Expense3,000Utilities Expense800Advertising Expense500$110,266$110,266Other data:1.Insurance expires at the rate of $450 per month.2.A count of supplies shows $1,070 of unused supplies on May
31.3.(a) Annual depreciation is $3,840 on the building.(b) Annual depreciation is $3,240 on equipment.4.The mortgage interest rate is 5%. (The mortgage was taken...
The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.
MOTO
HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages
Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the...
Problem 4-03A (Part Level Submission)
The Ivanhoe Hotel opened for business on May 1, 2022. Here is
its trial balance before adjustment on May 31.
Problem 4-03A (Part Level Submission) The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. IVANHOE HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,433 2,600 1,800 14,933 67,600 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable...
Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. MOTO HOTEL Trial Balance May 31, 2017 Debit Credit $ 2,453 2,600 1,800 14,953 72,400 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,653 3,300 38,400 59,953 9,000 3,000 800 500 $115,306 $115,306 Other data: 1. Insurance expires...
Fill in the balance sheet above.
Problem 4-03A The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. CULLUMBER HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,343 2,600 1,800 14,843 67,600 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,543 3,300 33,600 59,843 9,000 3,000 800 500 $110,286...
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue 6. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. DC not indent manually.)...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800 Land Buildings Equipment Accounts Payable $4.773 Unearned Rent Revenue Mortgage Payable 3,300 33,600 60,073 9,000 Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense 3,000 800 Advertising Expense 500 $110.746 $110,746 Other data: 1. Insurance expires at the rate of $450 per month 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,840 on...
MOTO HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the rate of $450 per month.
2.
A count of supplies shows $1,070 of unused supplies on May
31.
3.
(a)...
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