Homework Answers
| Debit | Credit | ||
| Cash | $ 5,900 | ||
| Accounts Receivable | $ 820 | ||
| Prepaid Insurance | $ 2,475 | =3300-825 | |
| Supplies | $ 500 | =2000-1500 | |
| Land | $ 22,000 | ||
| Buildings | $ 133,000 | ||
| Accumulated Depreciation - Building | $ 1,330 | ||
| Furniture | $ 15,000 | ||
| Accumulated Depreciation - Furniture | $ 375 | ||
| Accounts Payable | $ 5,500 | ||
| Unearned Revenue | $ 700 | =4400-3700 | |
| Salaries Payable | $ 410 | ||
| Interest Payable | $ 1,110 | =74000*6%*3/12 | |
| Notes Payable | $ 74,000 | ||
| A. Forges, Capital | $ 94,000 | ||
| A. Forges, Drawings | $ 4,700 | ||
| Rent Revenue | $ 64,520 | =60000+3700+820 | |
| Salaries Expense | $ 40,410 | =40000+410 | |
| Utilities Expense | $ 8,300 | ||
| Repairs Expense | $ 3,700 | ||
| Insurance Expense | $ 825 | =3300*3/12 | |
| Supplies Expense | $ 1,500 | =2000-500 | |
| Depreciation Expense - Building | $ 1,330 | =133000/25*3/12 | |
| Depreciation Expense - Furniture | $ 375 | =1500*3/12 | |
| Interest Expense | $ 1,110 | =74000*6%*3/12 | |
| Totals | $ 241,945 | $ 241,945 |
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Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare...
After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage...
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 be Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Debit Cash $5,900 Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000 Furniture 15,000 Accounts Payable $5,500 Unearned Revenue 4,400 Notes Payable 74,000 A. Forges, Capital 94,000 A. Forges, Drawings 4,700 Rent Revenue 60,000 Salaries Expense 40,000 Utilities Expense 8,300 Repairs Expense 3,700 $ 237,900 $237,900 Other...
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...
Trial balance for Indigo Corporation on August 31 is follows: Trial Balance August 31, 2020 Debit...
Trial balance for Indigo Corporation on August 31 is follows: Trial Balance August 31, 2020 Debit Credit Cash $6,000 Prepaid insurance 3,200 Supplies 1.750 Land 19,500 Buildings 141,000 Accumulated depreciation-buildings $20,304 Equipment 14,000 Accumulated depreciation-equipment 3,780 Accounts payable 4,200 Unearned rent revenue Notes payable 76,000 Common shares 80.900 Retained earnings 4,750 Dividends 5,300 Rent revenue 67,000 Salaries and wages expense 44,304 Insurance expense 11,200 Interest expense 3,800 Utilities expense Repairs and maintenance expense 3,480 $261.134 $261,134 4,200 7,600 Additional information:...
The trial balance for Novak Corp. on August 31 is as follows: Novak Corp. Trial Balance...
The trial balance for Novak Corp. on August 31 is as follows: Novak Corp. Trial Balance August 31, 2020 Debit Credit $6,900 3,000 1,950 21,300 141,000 $20,304 12,000 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 3,240 4,400 4,600 78,000 81,000 4,250 4,850 71,000 49,314 Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 10,500 3,900 8,300...
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...
Trial balance for Indigo Corporation on August 31 is follows: Trial Balance August 31, 2020 Debit...
Trial balance for Indigo Corporation on August 31 is follows: Trial Balance August 31, 2020 Debit Credit Cash $6,000 Prepaid insurance 3,200 Supplies 1.750 Land 19,500 Buildings 141,000 Accumulated depreciation-buildings $20,304 Equipment 14,000 Accumulated depreciation-equipment 3,780 Accounts payable 4,200 Unearned rent revenue Notes payable 76,000 Common shares 80.900 Retained earnings 4,750 Dividends 5,300 Rent revenue 67,000 Salaries and wages expense 44,304 Insurance expense 11,200 Interest expense 3,800 Utilities expense Repairs and maintenance expense 3,480 $261.134 $261,134 4,200 7,600 Additional information:...
The trial balance for Whispering Winds Corp. on August 31 is as follows: Whispering Winds Corp....
The trial balance for Whispering Winds Corp. on August 31 is as follows: Whispering Winds Corp. Trial Balance August 31, 2020 Credit Debit $6,000 3,200 2,000 20,300 147,000 $21,168 18,000 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 4,860 4.250 4,050 76,000 79,700 4,250 4,550 66,500 33,648 11.200 3,800...
Sheridan Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on...
Sheridan Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. SHERIDAN RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Credit Cash $21,700 Prepaid Insurance 6,600 Supplies 4,700 Land 24,000 Buildings 124,000 Equipment 20,000 Accounts Payable $6,600 Unearned Rent Revenue 6,700 Mortgage Payable 64,000 Common Stock 97,100 Retained Earnings 9,000 Dividends 5,000 Rent Revenue 80,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $263,600 $263,600 Other...
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...
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 be Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Debit Cash $5,900 Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000 Furniture 15,000 Accounts Payable $5,500 Unearned Revenue 4,400 Notes Payable 74,000 A. Forges, Capital 94,000 A. Forges, Drawings 4,700 Rent Revenue 60,000 Salaries Expense 40,000 Utilities Expense 8,300 Repairs Expense 3,700 $ 237,900 $237,900 Other...
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...
Trial balance for Indigo Corporation on August 31 is follows: Trial Balance August 31, 2020 Debit Credit Cash $6,000 Prepaid insurance 3,200 Supplies 1.750 Land 19,500 Buildings 141,000 Accumulated depreciation-buildings $20,304 Equipment 14,000 Accumulated depreciation-equipment 3,780 Accounts payable 4,200 Unearned rent revenue Notes payable 76,000 Common shares 80.900 Retained earnings 4,750 Dividends 5,300 Rent revenue 67,000 Salaries and wages expense 44,304 Insurance expense 11,200 Interest expense 3,800 Utilities expense Repairs and maintenance expense 3,480 $261.134 $261,134 4,200 7,600 Additional information:...
The trial balance for Novak Corp. on August 31 is as follows: Novak Corp. Trial Balance August 31, 2020 Debit Credit $6,900 3,000 1,950 21,300 141,000 $20,304 12,000 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 3,240 4,400 4,600 78,000 81,000 4,250 4,850 71,000 49,314 Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 10,500 3,900 8,300...
Trial balance for Indigo Corporation on August 31 is follows: Trial Balance August 31, 2020 Debit Credit Cash $6,000 Prepaid insurance 3,200 Supplies 1.750 Land 19,500 Buildings 141,000 Accumulated depreciation-buildings $20,304 Equipment 14,000 Accumulated depreciation-equipment 3,780 Accounts payable 4,200 Unearned rent revenue Notes payable 76,000 Common shares 80.900 Retained earnings 4,750 Dividends 5,300 Rent revenue 67,000 Salaries and wages expense 44,304 Insurance expense 11,200 Interest expense 3,800 Utilities expense Repairs and maintenance expense 3,480 $261.134 $261,134 4,200 7,600 Additional information:...
The trial balance for Whispering Winds Corp. on August 31 is as follows: Whispering Winds Corp. Trial Balance August 31, 2020 Credit Debit $6,000 3,200 2,000 20,300 147,000 $21,168 18,000 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 4,860 4.250 4,050 76,000 79,700 4,250 4,550 66,500 33,648 11.200 3,800...
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...
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