Problem 4-03A
The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.
Other data:
1. Insurance expires at the rate of $360 per month
2. A count of supplies shows $1,050 of unused supplies on May 31.
3. (a) Annual depreciation is $3,120 on the building. (b) Annual depreciation is $2,520 on equipment
4. The mortgage interest rate is 6%. The mortgage was taken out on May 1.)
5. Uneamed rent of $2,530 has been earned.
6. Salaries of $810 are accrued and unpaid at May 31.
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The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.
The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before...
The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. Other data: 1. Insurance expires at the rate of $360 per month. 2. A count of supplies Shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,120 on the building. b) Annual depreciation is $2,520 on equipment. 4. The mortgage interest rate is 6%. The mortgage was taken out on May 1.) 5. Uneamed rent of $2,530 has been earned. 6. Salaries of...
The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before...
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 $110,286 Other data: 1. Insurance expires at the...
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...
The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before...
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
Debit
Credit
Cash
$ 2,613
Supplies
2,600
Prepaid Insurance
1,800
Land
15,113
Buildings
70,000
Equipment
16,800
Accounts Payable
$ 4,813
Unearned Rent Revenue
3,300
Mortgage Payable
36,000
Common Stock
60,113
Rent Revenue
9,000
Salaries and Wages Expense
3,000
Utilities Expense
800
Advertising Expense
500
$113,226
$113,226
Other data:
1.
Insurance expires at the...
The Moto Hotel opened for business on May 1, 2022. Here is itstrial balance before...
The Moto Hotel opened for business on May 1, 2022. Here is its
trial balance before adjustment on May 31.MOTO HOTEL Trial Balance May 31,2022DebitCreditCash$2,500Supplies2,600Prepaid Insurance1,800Land15,000Buildings70,000Equipment16,800Accounts Payable$4,700Unearned Rent Revenue3,300Mortgage Payable36,000Common Stock60,000Rent Revenue9,000Salaries and Wages Expense3,000Utilities Expense800Advertising Expense500$113,000$113,000Other 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 $3,600 on the building.(b) Annual depreciation is $3,000 on equipment.4. The mortgage interest rate is 6...
The Wildhorse Hotel opened for business on May 1, 2022. Here is its trial balance before...
The Wildhorse Hotel opened for business on May 1, 2022. Here is its trial balance before ad WILDHORSE HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,443 2,600 1,800 14,943 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 $ 4,643 3,300 38,400 59,943 9,000 3,000 800 500 $115,286 $115,286 Other data: 1. Insurance expires at the rate of $450...
The Sunland Hotel opened for business on May 1, 2022. Here is its trial balance before...
The Sunland Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. SUNLAND HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,623 Supplies 2,600 1,800 Prepaid Insurance Land 15,123 Buildings 70,000 Equipment 16,800 Accounts Payable $4,823 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,123 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,246 $113,246 Other data: MacBook Air 1. Insurance expires at...
The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before...
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 Debit Credit Cash $ 2,613 Supplies 2,600 Prepaid Insurance 1,800 Land 15,113 Buildings 70,000 Equipment 16,800 Accounts Payable $ 4,813 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,113 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,226 $113,226 Other data: 1. Insurance expires at the...
The Moto Hotel opened for business on May 1, 2022. Here is its trial balance before...
The Moto Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. MOTO HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,500 2,600 1,800 15,000 70,000 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 $4,700 3,300 36,000 60,000 9,000 3,000 800 500 $113,000 $113,000 Other data: (b) Prepare a ledger using T-accounts....
The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before...
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 Other data:Prepare a classified balance sheet at May 31.
The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. Other data: 1. Insurance expires at the rate of $360 per month. 2. A count of supplies Shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,120 on the building. b) Annual depreciation is $2,520 on equipment. 4. The mortgage interest rate is 6%. The mortgage was taken out on May 1.) 5. Uneamed rent of $2,530 has been earned. 6. Salaries of...
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 $110,286 Other data: 1. Insurance expires at the...
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...
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
Debit
Credit
Cash
$ 2,613
Supplies
2,600
Prepaid Insurance
1,800
Land
15,113
Buildings
70,000
Equipment
16,800
Accounts Payable
$ 4,813
Unearned Rent Revenue
3,300
Mortgage Payable
36,000
Common Stock
60,113
Rent Revenue
9,000
Salaries and Wages Expense
3,000
Utilities Expense
800
Advertising Expense
500
$113,226
$113,226
Other data:
1.
Insurance expires at the...
The Moto Hotel opened for business on May 1, 2022. Here is its
trial balance before adjustment on May 31.MOTO HOTEL Trial Balance May 31,2022DebitCreditCash$2,500Supplies2,600Prepaid Insurance1,800Land15,000Buildings70,000Equipment16,800Accounts Payable$4,700Unearned Rent Revenue3,300Mortgage Payable36,000Common Stock60,000Rent Revenue9,000Salaries and Wages Expense3,000Utilities Expense800Advertising Expense500$113,000$113,000Other 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 $3,600 on the building.(b) Annual depreciation is $3,000 on equipment.4. The mortgage interest rate is 6...
The Wildhorse Hotel opened for business on May 1, 2022. Here is its trial balance before ad WILDHORSE HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,443 2,600 1,800 14,943 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 $ 4,643 3,300 38,400 59,943 9,000 3,000 800 500 $115,286 $115,286 Other data: 1. Insurance expires at the rate of $450...
The Sunland Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. SUNLAND HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,623 Supplies 2,600 1,800 Prepaid Insurance Land 15,123 Buildings 70,000 Equipment 16,800 Accounts Payable $4,823 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,123 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,246 $113,246 Other data: MacBook Air 1. Insurance expires at...
The Moto Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. MOTO HOTEL Trial Balance May 31, 2022 Credit Debit $ 2,500 2,600 1,800 15,000 70,000 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 $4,700 3,300 36,000 60,000 9,000 3,000 800 500 $113,000 $113,000 Other data: (b) Prepare a ledger using T-accounts....
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 Other data:Prepare a classified balance sheet at May 31.
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