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CALCULATOR FULL SCREEN PRINTER VERSION Problem 3-02A a-d Cullumbers Hotel opened for business on May 1, 2020. Its trial bala
In addition to those accounts listed on the trial balance, the chart of accounts for Cullumbers Hotel also contains the foll
wuwnloadable eTextbook ignment CALCULATOR FULL SCREEN PRINTER 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31
CALCULATOR FULL SCREEN PRINTER VERSION Prepare a ledger using the three-column form of account. Enter the trial balance amoun
Assignment Buildings Date Explanation Balance Ref. CALE May 31 Debit Credit No. 141 Balance Accumulated Depreciation-Building
Salaries and Wages Payable Date Explanation Ref. Debit No. 212 Balance May 31 Credit Adjusting JI Interest Payable Date Expla
Assignment > Open Assignment CALCULATOR FULL S Advertising Expense Date Explanation No. 610 Balance Ref. Debit Credit May 31
Interest Expense Date Explanation No. 718 Balance Ref. Debit Credit May 31 Adjusting No. 722 Insurance Expense Date Explanati
CULLUMBERS HOTEL Adjusted Trial Balance Debit Credit
CULLUMBERS HOTEL Income Statement CALCULAT
Prepare an owners equity statement for the month of May. CULLUMBERS HOTEL Owners Equity Statement
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Prepare a balance sheet at May 31. (List Assets in order of liquidity. List
Liabilities and Owners Equity
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DATE ACCOUNTS TITILES AND EXPLANATION DEBIT CREDIT
May-31 Insurance Expense 200
prepaid insurance 200
May-31 supplies expense 1250
supplies   1250
May-31 Depreciation Expense 424
Acc Depreciation - Buildings 304
Acc Depreciation - Equipment 120
May-31 Interest Expense 200
Interest Payable 200
May-31 unearned rent revenue 2200
Rent revenue 2200
May-31 salaries and wages Expense 700
salaries and wages payable

700

CASH
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 3400
SUPPLIES
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 2050
May-31 Adjusting 1250 800
PREPAID INSURANE
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance
May-31 Adjusting 1250 800
LAND
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 12000
BUILDINGS
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 60800
ACC DEPRECIATION - buildings
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 304 304
EQUIPMENT
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 14400
ACC DEPRECIATION -equipment
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 120 120
ACCOUNTS PAUYABLE
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 4900
UNEARNED RENT REVENUE
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance
May-31 Adjusting 1250 800
SALARIES& WAGES
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance
May-31 Adjusting 1250 800
INTEREST PAYABLE
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 200 200
MORTAGE PAYABLE
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 40000
OWNERS CAPITAL
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 41400
ADVERTISING
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 600
REVENUE INCOME
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Balance 10300
May-31 Adjusting 2200 12500
SUPPLIES EXPENSE
DATE EXPLANATION REF DEBIT CREDIT BALANCE
May-31 Adjusting 1250 1250

Cullumber's Hotel
Income Statement
For the year ending May 31,2020
REVENUES
Rent Revenue 12500
EXPENSES
Salaries and wages expense 4100
Supplies expense 1250
Utilities Expense 850
Advertising 600
Interest 200
Depreciation 424
Insurance 200
Total Expenses 7614
NET INCOME /[LOSS] 4876
Cullumber's Hotel
Owners Equity Statement
For the year ending May 31,2020
Owners capital may 1st 441400
Add: Investment -
Net Income 4876
Owners Capital may 31st 46276
Cullumber's Hotel
Balance sheet
For the year ending May 31,2020
ASSETS
cash 3400
supplies 800
prepaid insurance 2200
land 12000
buildings 60800
less: Acc Depreciation 304 60496
Equipemnt 14400
less: Acc Depreciation 120 14280
TOTAL ASSETS 93176
LIABILITIES & OWNER'S EQUITY
LIABILITIES
Accounts payable 4990
unearned rent revenue 1100
salaries & wages payable 700
interest payable 200
Mortagage payable 40000
TOTAL LIABILITIES 46900
OWNERS CAPITAL 46276
TOTAL LIABILITIES & OWNERS EQUITY 93176
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