800 7 aug 31 interest expense

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Unformatted text preview: Aug. 31 Interest Expense ............................................................................... 1,200 Interest Payable ........................................................................ 1,200 [($60,000 X 8%) X 1/4] (b) Greco Resort Adjusted Trial Balance August 31, 2014 Debit Cash .......................................................................... Accounts Receivable ............................................... Prepaid Insurance ($4,500 – $1,125)....................... Supplies ($2,600 – $2,150) ....................................... Land .......................................................................... Buildings ................................................................... Accumulated Depreciation—Buildings .................. Equipment................................................................. Accumulated Depreciation—Equipment ................ Accounts Payable .................................................... Unearned Rent Revenue ($4,600 – $3,800) ............ Salaries and Wages Payable ................................... Interest Payable........................................................ Mortgage Payable .................................................... Common Stock ......................................................... Credit $ 19,600 800 3,375 450 20,000 120,000 $ 1,080 16,000 360 4,500 800 375 1,200 60,000 91,000 Retained Earnings.................................................... Dividends .....................
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This document was uploaded on 03/26/2014.

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