HW1 - E3­10(a 1 Aug 31 2 Aug 31 3 Aug 31 Aug 31 4 Aug 31 5...

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Unformatted text preview: E3­10 (a) 1 Aug. 31 2 Aug. 31 3 Aug. 31 Aug. 31 4 Aug. 31 5 Aug. 31 6 Aug. 31 7 Aug. 31 (b) Cash Accounts Receivable Prepaid Insurance Supplies Land Cottages Accumulated Depreciation ­ Cottages Furniture Accumulated Depreciation ­ Furniture Accounts Payable Unearned Rent Revenue Salaries Payable Interest Payable Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue Salaries Expense Supplies Expense Utilities Expense Repair Revenue Insurance expense Depreciation Expense ­ Cottages Depreciation Expense ­ Furniture Insurance Expense ($4500/12)*3 Prepaid Insurance Supplies Expense $2600­$650 Supplies Depreciation Expense ­ Cottages Accumulated Depreciation ­ Cottages [($120,000 *0.9)*4%]/(12/3) Depreciation Expense ­ Furniture Accumulated Depreciation ­ Furniture [($16,000 *0.9)*10%]/(12/3) Unearned Rent Revenue Rent Revenue Salaries Expense Salaries Payable Acount Receivable Rent Revenue Interest Expense [$50,000*8%)/(12/3) Interest Payable UHURA RESORT ADJUSTED TRIAL BALANCE Aug. 31 2010 Debit Credit $19,600 800 3,375 650 20,000 120,000 1,080 16,000 360 4,500 800 375 1,000 50,000 91,000 9,000 5,000 90,800 45,175 1,950 9,200 3,600 1,125 1,080 360 Interest Expense 1,000 $248,915 $248,915 1125 1950 1080 360 3800 375 800 1000 1125 1950 1080 360 3800 375 800 1000 •Prepaid insurance = $4500 ­ $1125 = $3375 •Unearned rent revenue = $4600 ­ $3800 = $800 •Rent revenue = $86200 + $3800 +$800 = $90800 •Salaries expense = $44800 + $375 =$45175 ...
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This note was uploaded on 09/27/2011 for the course MGT 131 taught by Professor ? during the Spring '11 term at San Diego.

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HW1 - E3­10(a 1 Aug 31 2 Aug 31 3 Aug 31 Aug 31 4 Aug 31 5...

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