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Krupetskiy3ACC211 - Tanya Krupetskiy Professor Turner...

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Tanya Krupetskiy Professor Turner ACC-211 Chapter 3 (HW 3a) E3-10 a. Aug. 31 Insurance Expense $1,125 Prepaid Insurance $1,125 Aug. 31 Supplies Expense $1,950 Supplies $1,950 Aug. 31 Depreciation Expense $1,080 Accumalted Depreciation -- Cottages $1,080 Aug. 31 Depreciation Expense $360 $360 Aug. 31 Unearned Rent Revenue $3,800 Rent Revenue $3,800 Aug. 31 Salaries Expense $375 Salaries Payable $375 Aug. 31 Accounts Receivable $800 Rent Revenue $800 Aug. 31 Interest Expense $1,000 Interest Payable $1,000 b. UHURA RESORT Adjusted Trial Balance August 31, 2010 Debit Credit Cash $19,600 Accounts Receivable $800 Prepaid Insurance $3,375 Supplies $650 Land $20,000 Cottages $120,000 Accumalated Depreciation -- Cottages $1,080 Furniture 16000 Accumalted Depreciation -- Furniture $360 Accounts Payable $4,500 Unearned Rent Revenue $800 Salaries Payable $375 Interest Payable $1,000 Mortgage Payable $50,000 Common Stock $91,000 Retained Earnings $9,000 Dividends $5,000 Rent Revenue $90,800 Accumalated Depreciation -- Furniture
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Salaries Expense $45,175 Utilities Expense $9,200 Interest Expense $1,000 Insurance Expense $1,125 Supplies Expense $1,950 Depreciation Expense -- Cottages $1,080 Depreciation Expense -- Furniture $360 Repair Expense $3,600 $248,915 $248,915 E3-14 Sales $340,000 Sales Discounts $8,000 Salaes Returns and Allowances $13,000 Income Summary $319,000 Income Summary $302,000 Cost of Goods Sold $202,000 Freight-out $7,000 Insurance Expense $12,000 Rent Expense $20,000 Salary Expense $61,000 Income Summary $17,000 Retained Earnings $17,000 E3-16 Sales $390,000 Income Summary $390,000 Income Summary $346,700 Cost of Goods Sold $235,700 Sales Returns and Allowances $12,000 Sales Discounts $15,000 Selling Expenses $16,000 Administrative Expenses $38,000 Income Tax Expense $30,000 Income Summary $43,300 Retained Earnings $43,300 Retained Earnings $18,000 Dividends $18,000 P3-4 a. Store Supplies Expense $4,000 Store Supplies $4,000 $9,000 $9,000 Depreciation Expense - Store Equipment Accumalated Depreciation - Store Equipment
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