Guidance Report Week Two (1).xlsx - Your Browser Must be...

This preview shows page 1 - 4 out of 18 pages.

Your Browser Must be Open to Access VideoFish TripBoat rentalQuestionsCashUnearned Fish TripsUnearned Fish TripsEarned Fish TripsCh 3 Ex 4Prepare journal entries to record (1) the collection of monies from tourists and (2) the revenue generated during January.Calculate Hawaii-Blue's total obligation to tourists at the end of JanuaryOn what financial statement and in which section would this amount appear?LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORTExercise/ProblemAccount tobe changed
Prepaid Boat RentalCashBoat Rental ExpensePrepaid Boat RentalWhat section of the financial statement would this amount appear?Prepare journal entries to record (1) the payment to Pacific Yacht Supply and (2) the subsequent adjustment on January 31.On what financial statement would Hawaii-Blue's January boat rental cost appear?
CapitalDrawingUnrecorded interest275Total Tuition in advance60000Depreciation3000Rent21000Salaries400Feb 1 20X2540Jan 1 20X3912Interest ExpenseInterest PayableUnearned Tuition Revenue

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture