Chapater 3 Exercises.xlsx - Wanda Landowska Company Trial...

This preview shows page 1 - 4 out of 11 pages.

Wanda Landowska Company Trial Balance April, 30 2017 Debit Credit Cash $ 4,800 Accounts Receivable 2,750 Prepaid Insurance (700+100) 800 Equipment $ 8,000 Accounts Payable (4,500-100) $ 4,400 Property Taxes Payable 560 Owner's Capital (11,200+500) 12,700 Owners Drawing 1,500 Service Revenue 6,690 Salary and Wages Expense 4,200 Advertising Expense (1,100+300) 1,400 Property Tax Expense (800+100) 900 $ 24,350 $ 24,350
Journalzing Adjusting Entries Aug. 31 Insurance expense Prepaid Insurance Aug. 31 Supplies Expense Supplies on hand Aug. 31 Depreciation Expense Accumulated Depreciations Aug. 31 Unearned Rent Revenue Rent Revenue Aug 31. Salaries and Wages Expense Salaries and Wages Payable Aug. 31 Accounts Receievable Rent Revenue Aug. 31 Mortage Interest Expense Mortage Interest Part B) Greco Resorts Adjusted Trial Balance Credit Cash $ 19,600 Buildings (120,000-12,000) = 108,000 *0.04= 4,320 Per year = 4,320*1/4= 1,080
Accounts Receivable 800 Prepaid Insurance 3375 Supplies 450 Land 20,000 Buildings 120,000 Accumulated Deprecation(Buildings) Eqipment 16,000 Accumulated Deprecation(Equipment) Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture