BUAD 305 HW 3

BUAD 305 HW 3 - BUAD 305 Homework 3 P4-6A a.) Adjusting...

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BUAD 305 Homework 3 P4-6A a.) Adjusting journal entries: General Journal Date Account Titles Debit Credit 30-Jun Travel Expense 60,000   Travel Payable 60,000 30 Supplies Expense 6,900    Supplies 6,900 30 Insurance Exoense 3,600   Prepaid Insurance 3,600 (14,400/12)*3 30 Advertising Expenses 110   Advertising Payable 110 Rapairs Expense 4,450   Repairs Payable 4,450 Utilities Expense 215   Utilities Payable 215 30 Wages Expenses 1,500   Wages Payable 1,500 (250*2*3) 30 Interest Expenses 160   Interest Payable  160 (12000*8%) * 2/12 30 Income tax expenses 13,400   Income tax payable 13,400
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b) Income Statement Happy Camper Travel Court Income statement  For the Quarter ended June 30, 2007 Revenues Travel court rental revenues $216,000 Operatin expenses Travel  $60,000 Advertising (3800 +110) 3,910 Wages (80500+1500) 82,000 Utilities (900+215) 1,115 Deprecication 2,700 Repairs (4000+4450) 8,450 Supplies 6,900 Insurance 3,600 Interest 160 Income tax
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This note was uploaded on 06/29/2008 for the course BUAD 305 taught by Professor Davila during the Spring '07 term at USC.

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BUAD 305 HW 3 - BUAD 305 Homework 3 P4-6A a.) Adjusting...

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