Question

CALCULATOR STANDARD VIEW PRINTER VERSION « BACK NEXT Problem 3-02A a-d Cullumbers Hotel opened for business on May 1, 2020.
CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense,
Your answer is partially correct. Try again. Prepare a ledger using the three column form of account. Enter the trial balance
Unearmed Rent Revenue Date Explanation ker Debit Credit No. 208 Balance 3000 May 31 Balance May 31 Adjusting 2000 A L 1008 Sa
No. 631 Supplies Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting JT JI 1250 T 1250 Interest Expense Date
CULLUMBERS HOTEL Adjusted Trial Balance May 31, 2020 Debit Credit su Supplies - Prepaid Insurance Land 12000 Buildings Accum
Your answer is partially correct. Try again. Prepare an income statement for the month of May. CULLUMBERS HOTEL Income State
Your answer is partially correct. Try again. Prepare an owners equity statement for the month of May. CULLUMBERS HOTEL Owne
Prepare a balance sheet at May 31. (List Assets in order of liquidity. List Property, Plant and Equipment in order of Land, B
0 0
Add a comment Improve this question Transcribed image text
Answer #1

ANswer of all parts are given

ADJUSTING EntriesCredit ($) Date Adjusting entries 1 31-May Insurance Expense A/C To prepaid Insurance A/C Account Number Debit ($) 722 130 15working accumlated dep building 1month dep building 3528 3528/12 =294 accumlated dep Equipment 1month dep exp equ 1560 1560/1

cash date Dr Explanation 31-May balance 101 balance 3400 Supplies date Dr Cr Explanation 31-May balance 31-May adjusting 126

accumlated depreciation equipment date Explanation Dr 31-May adjusting Cr 150 balance 130 130 Building date Dr Cr Explanation

income statement

ntIncome statement Revenues : Rent revenue 12500 Expenses: salaries and wages Expense supplies expense utility expense Insuranc

Balance sheet

Balance sheet Liablilities amount Account payable 4900 Unearned rent revenue 1000 salaries And wages payable 800 Interest pay

Adjusted Trial Balance

Adjusted Trial Balance for may 2020 Account Number Particulars 101 cash Cr 3400 700 1650 13000 58800 294 15600 126 supplies (

732 Utility expense 950 100824 100824

owner equity statement

owner equity statemnetowners equity statement 41000 onwer capital add net income 4826 owner capital as on 31 may 45826

Add a comment
Know the answer?
Add Answer to:
CALCULATOR STANDARD VIEW PRINTER VERSION « BACK NEXT Problem 3-02A a-d Cullumber's Hotel opened for business...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • CALCULATOR STANDARD VIEW PRINTER VERSION « BACK NEXT Problem 3-02A a-d Cullumber's Hotel opened for business...

    CALCULATOR STANDARD VIEW PRINTER VERSION « BACK NEXT Problem 3-02A a-d Cullumber's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. CULLUMBER'S HOTEL Trial Balance May 31, 2020 Account Number Credit 101 126 Debit $3,400 2,050 1,800 13,000 58,800 15,600 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Uneamed Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 4,900 3,000 40,000...

  • CALCULATOR FULL SCREEN PRINTER VERSION Problem 3-02A a-d Cullumber's Hotel opened for business on May 1,...

    CALCULATOR FULL SCREEN PRINTER VERSION Problem 3-02A a-d Cullumber's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. vork CULLUMBER'S HOTEL Trial Balance May 31, 2020 Credit Account Number 101 126 130 140 141 149 201 Debit $3,400 2,050 1,800 13,000 58,800 15,600 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208...

  • Problem 3-02A a-d Sunland's Hotel opened for business on May 1, 2020. Its trial balance before...

    Problem 3-02A a-d Sunland's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. SUNLAND'S HOTEL Trial Balance May 31, 2020 Debit Credit Account Number 101 126 $ 3,600 2,050 130 140 1,800 14,000 61,800 15,600 141 149 201 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208 275 $ 4,900 3,000 40,000...

  • journalize the adjusting entries on May 31 Question 3 Cullumber's Hotel opened for business on May...

    journalize the adjusting entries on May 31 Question 3 Cullumber's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. CULLUMBER'S HOTEL Trial Balance May 31, 2020 Debit Credit $3,400 2,150 1,800 Account Number 101 126 130 140 141 149 201 13,000 61,600 15,600 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $...

  • CALCULATOR PRINTER VERSION <BACK NE Problem 3-02A a-d (Part Level Submission) Wildhorse's Hotel opened for business...

    CALCULATOR PRINTER VERSION <BACK NE Problem 3-02A a-d (Part Level Submission) Wildhorse's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. WILDHORSE'S HOTEL Trial Balance May 31, 2020 Credit Account Number 101 128 130 Debit $ 3,500 2,100 1,800 15,000 62,000 15,600 140 141 149 201 208 275 301 429 610 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising...

  • Problem 3-2A (Part Level Submission) The Concord Corporation opened for business on May 1, 2019. Its...

    Problem 3-2A (Part Level Submission) The Concord Corporation opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows Concord Corporation Trial Balance May 31, 2019 Debit Account Number 101 126 130 140 141 149 201 208 275 311 429 610 726 732 Credit 3,500 2,150 1,800 12,000 58,800 15,600 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages...

  • Fix the boxes in Red. The Oriole Company opened for business on May 1, 2022. Its...

    Fix the boxes in Red. The Oriole Company opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Oriole Company Trial Balance May 31, 2022 Account Number Credit 101 Cash 126 130 140 Debit $ 4,060 2,420 2,784 13,920 69,600 16,320 141 149 200 201 208 Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $...

  • Problem 3-A (Part Level Submission) The Skyline Motel opened for business on May 1, 2015. Its...

    Problem 3-A (Part Level Submission) The Skyline Motel opened for business on May 1, 2015. Its trial balance before adjustment on May 31 as follows STILINE MOVIE Trial Balance May 31, 2015 Account Number Debit $ 3,560 Credit Prepaid Insurance 12,550 Buildings $ 11,227 Accounts Payable Uneamed Rent Revenue Mortgage Payable Rent Revenue Advertising Expense Salaries and Wages Expense U s Expense $99,15 In addition to those accounts listed on the trial balance, the chart of accounts for Skyline Hotel...

  • Problem 3-02A a-c, d1-d3 (Video) The Skyline Motel opened for business on May 1, 2020. Its...

    Problem 3-02A a-c, d1-d3 (Video) The Skyline Motel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Skyline Motel Trial Balance May 31, 2020 Credit Account Number 101 126 Debit $ 3,500 2,080 2,400 12,000 60,000 15,000 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208 275 $ 11,180 3,300 40,000 35,000 10,300...

  • Fix the boxes in Red. The Oriole Company opened for business on May 1, 2022. Its...

    Fix the boxes in Red. The Oriole Company opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Oriole Company Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash 126 $ 4,060 2,420 2,784 13,920 130 140 141 69,600 16,320 149 200 $ 46,400 201 Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT