As desired please find part c solved:
c) adjusted trial balance: |
||||||
A/c No. |
Account head |
Debit $ |
Credit $ |
Calculations: |
||
101 |
Cash |
19600 |
19600 |
|||
126 |
Supplies |
800 |
3300-2500 |
|||
130 |
Prepaid Insurance |
5100 |
6000-900 |
|||
140 |
Land |
25000 |
25000 |
|||
141 |
Buildings |
125000 |
125000 |
|||
149 |
Equipment |
26000 |
26000 |
|||
201 |
Accounts payable |
6500 |
6500 |
|||
208 |
Unearned rent revenue |
2600 |
7400-4800 |
|||
275 |
Mortgage payable |
80000 |
80000 |
|||
311 |
Common Stock |
100000 |
100000 |
|||
332 |
Dividends |
5000 |
5000 |
|||
429 |
Rent Revenue |
88800 |
80000+4800+4000 |
|||
622 |
Maintenance & Repairs exp. |
3600 |
3600 |
|||
726 |
Salaries & wages exp. |
51400 |
51000+400 |
|||
732 |
Utilities exp. |
9400 |
9400 |
|||
112 |
Accounts receivables |
4000 |
4000 |
|||
142 |
Acc Dep.-building |
1500 |
1500 |
(6000*3/12) |
||
150 |
Acc Dep.-equip. |
600 |
600 |
(2400*3/12) |
||
212 |
Salaries & wages payable |
400 |
400 |
|||
230 |
Interest payable |
600 |
600 |
(80000*9%/12) |
||
619 |
Depreciation exp. |
2100 |
2100 |
(1500+600) |
||
631 |
supplies exp. |
2500 |
2500 |
|||
718 |
Interest exp. |
600 |
600 |
|||
722 |
Insurance exp. |
900 |
|
900 |
||
TOTAL |
281000 |
281000 |
solve part c please I posted part a and b as seprate questions. Radford River Resort...
solve part b please, I posted part a as a seprate question.
Radford River Resort opened for business on June 1 with 10 deluxe villas. Its trial balance before adjustment on August 31 is as follows. RADFORD RIVER RESORT Trial Balance August 31, 2020 Account Number Debit Credit 101 Cash $ 19,600 126 Supplies 3,300 130 Prepaid Insurance 6,000 140 Land 25,000 141 Buildings 125,000 149 Equipment 26,000 201 Accounts Payable $ 6,500 208 Unearned Rent Revenue 7,400 275 Mortgage...
answer part d please I posted parts a, b and c as seprate
questions.
Radford River Resort opened for business on June 1 with 10 deluxe villas. Its trial balance before adjustment on August 31 is as follows. RADFORD RIVER RESORT Trial Balance August 31, 2020 Account Number Debit Credit 101 Cash $ 19,600 126 Supplies 3,300 130 Prepaid Insurance 6,000 140 Land 25,000 141 Buildings 125,000 149 Equipment 26,000 201 Accounts Payable $ 6,500 208 Unearned Rent Revenue 7,400...
P3-2B Maquoketa River Resort opened for business on June 1 with eight air- conditioned units.Its trial belance before adjustment on August 31 is as follows MAQUOKETA RIVER RESORT Trial Balance August 31, 2019 $ 19,600 3,300 6,000 101 126 130 140 141 Prepaid Insurance Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock 6,500 7,400 80,000 100,000 201 311 80,000 Rent Revenue Maintenance and Repairs Salaries and Wages Expense Utilities Expense 51,000 9,.400 732 $273.900 $273.900 In addition to those...
101 429 622 Radford River Resort opened for business on June 1 with 10 deluxe villas. Its trial balance before adjustment on August 31 is as follows. RADFORD RIVER RESORT Trial Balance August 31, 2020 Account Number Debit Credit Cash $ 19,600 126 Supplies 3,300 130 Prepaid Insurance 6,000 140 Land 25,000 141 Buildings 125,000 149 Equipment 26,000 201 Accounts Payable $ 6,500 208 Unearned Rent Revenue 7,400 275 Mortgage Payable 80,000 311 Common Stock 100,000 332 Dividends 5,000 Rent...
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...
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 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 $3,500 2,150 1,800...
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...
please help me prepare the Income Statement
thank you!
126 130 Question 7 The Marigold Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Marigold Corp. Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $ 3,600 Supplies 2,050 Prepaid Insurance 3,000 Land 15,000 Buildings 59,400 Equipment 15,200 Accounts Payable $ 11,700 208 Unearned Rent Revenue 3,300 275 Mortgage Payable 40,000 Common Stock 35,600 429 Rent Revenue 12,600...
The Tamarisk, Inc. opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Tamarisk, Inc. Trial Balance May 31, 2020 Credit Debit Account Number $ 3,500 Cash 101 2,150 Supplies 126 Prepaid Insurance 2,400 130 14,000 140 Land Buildings 59,000 141 14,800 Equipment 149 $ 11,400 Accounts Payable 201 Unearned Rent Revenue 3,200 208 Mortgage Payable 40,000 275 Common Stock 35,500 311 10,350 429 Rent Revenue Advertising Expense 550 610 Salaries and...
In addition to those accounts listed on the trial balance, the
chart of accounts for Cullumber Company also contains the following
accounts and account numbers: No. 142 Accumulated
Depreciation—Buildings, No. 150 Accumulated Depreciation—Equipment,
No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No.
619 Depreciation Expense, No. 631 Supplies Expense, No. 718
Interest Expense, and No. 722 Insurance Expense. Other data: 1.
Prepaid insurance is a 1-year policy starting May 1, 2020. 2. A
count of supplies shows $700...