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  • Exercise E3-10 and E3-22

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    api-269347566
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    1. The document is an adjusted trial balance for Greco Resort as of August 31, 2014 that lists asset, liability, equity, revenue and expense accounts with their debit and credit balances. 2. It shows assets including cash, accounts receivable, prepaid insurance, land, buildings, equipment, and accumulated depreciation accounts. Liabilities include accounts payable, unearned rent revenue, salaries payable, interest payable and mortgage payable. Equity includes common stock and retained earnings. 3. Revenue and expense accounts include rent revenue, depreciation expense, insurance expense, interest expense, salaries expense and various other operating expenses.

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    1. The document is an adjusted trial balance for Greco Resort as of August 31, 2014 that lists asset, liability, equity, revenue and expense accounts with their debit and credit balances. 2. It shows assets including cash, accounts receivable, prepaid insurance, land, buildings, equipment, and accumulated depreciation accounts. Liabilities include accounts payable, unearned rent revenue, salaries payable, interest payable and mortgage payable. Equity includes common stock and retained earnings. 3. Revenue and expense accounts include rent revenue, depreciation expense, insurance expense, interest expense, salaries expense and various other operating expenses.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca XLSX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    115 vizualizări4 pagini

    Exercise E3-10 and E3-22

    Încărcat de

    api-269347566
    1. The document is an adjusted trial balance for Greco Resort as of August 31, 2014 that lists asset, liability, equity, revenue and expense accounts with their debit and credit balances. 2. It shows assets including cash, accounts receivable, prepaid insurance, land, buildings, equipment, and accumulated depreciation accounts. Liabilities include accounts payable, unearned rent revenue, salaries payable, interest payable and mortgage payable. Equity includes common stock and retained earnings. 3. Revenue and expense accounts include rent revenue, depreciation expense, insurance expense, interest expense, salaries expense and various other operating expenses.

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    © All Rights Reserved
    Descărcați ca XLSX, PDF, TXT sau citiți online pe Scribd
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    din 4

    EXERCISE E-10

    GRECO RESORT
    ADJUSTED TRIAL BALANCE
    8/31/2014

    CASH
    ACCOUNTS RECEIVABLE
    PREPAID INSURANCE
    SUPPLIES
    LAND
    BUILDINGS
    ACCUMULATED DEPRECIATION - BUILDINGS
    EQUIPMENT
    ACCUMULATED DEPRECIATION - EQUIPMENT
    ACCOUNTS PAYABLE
    UNEARNED RENT REVENUE
    SALARIES AND WAGES PAYABLE
    INTEREST PAYABLE
    MORTGAGE PAYABLE
    COMMON STOCK
    RETAINED EARNINGS
    DIVIDENDS
    RENT REVENUE
    DEPRECIATION EXPENSE - BUILDINGS
    DEPRECIATION EXPENSE - EQUIPMENT
    INSURANCE EXPENSE
    INTEREST EXPENSE
    SALARIES AND WAGES EXPENSE
    SUPPLIES EXPENSE
    UTILITIES EXPENSE
    MAINTENANCE AND REPAIRS EXPENSE
    Total

    DEBIT
    19,600.00
    800.00
    3,375.00
    450.00
    20,000.00
    120,000.00

    CREDIT

    1,080.00
    16,000.00
    360.00
    4,500.00
    800.00
    375.00
    1,200.00
    60,000.00
    91,000.00
    9,000.00
    5,000.00
    80,800.00
    1,080.00
    360.00
    1,125.00
    1,200.00
    45,175.00
    2,150.00
    9,200.00
    3,600.00
    249,115.00

    249,115.00

    1 insurance expense
    1,125.00
    prepaid insurance
    1,125.00
    2 supplies expense
    2,150.00
    supplies
    2,150.00
    3 depreciation expense-buildings
    1,080.00
    accum. Depr- building
    1,080.00
    depreciation expense-equipment
    360.00
    accum. Depr-equipment
    360.00
    4 unearned rent revenue
    3,800.00
    rent revenue
    3,800.00
    5 salaries expense
    375.00
    salaries payable
    375.00
    6 accounts receivable
    800.00
    rent revenue
    800.00
    7 interest expense
    1,200.00
    interest payable
    1,200.00
    (0.08*3/12*60000) just for these 3 months

    EXERCSE E3-22
    ED BRADLEY CO.
    WORKSHEET
    FOR THE MONTH ENDED APRIL 30, 2014
    Adjusted
    Trial Balance
    Dr.
    Cr.

    Account Titles

    Cash
    Accounts Receivable
    Prepaid Rent
    Equipment
    Accumulated Depreciation - Equipment
    Notes Payable
    Accounts Payable
    Common Stock
    Retained Earings - April 1, 2014
    Dividends
    Service Revenue
    Salaries and Wages Expense
    Rent Expense
    Depreciation Expense
    Interest Expense
    Interest Payable
    Totals

    Income
    Statement
    Dr.
    Cr.

    18,972
    6,920
    2,280
    18,050

    18,972
    6,920
    2,280
    18,050
    4,895
    5,700
    4,472
    34,960
    1,000

    4,895
    5,700
    4,472
    34,960
    1,000

    6,650

    6,650
    12,590

    12,590

    6,840
    3,760
    145
    83
    -

    6,840
    3,760
    145
    83
    83 -

    63,700

    63,700

    Net Income
    Totals

    10,828
    1,762
    12,590

    ED Bradley CO.
    Balance Sheet
    41,759
    Assets
    Current Asset
    Cash
    Accounts Receivable
    Prepaid Rent
    Total current asset
    Property, Plant and Equipment
    Equipement
    Accumulated Depreciation- Equipment
    Total property, plant and equipment
    Total Asset

    Balance
    Sheet
    Dr.
    Cr.

    18,972
    6,920
    2,280
    28,172
    18,050
    (4,895)
    13,155
    41,327

    12,590
    12,590

    83
    52,872

    51,110

    52,872

    1,762
    52,872

    Liabilites
    Current liabilites
    Account Payable
    Interest Payable
    Total current liabilities
    Long Term liabilities
    Notes payable
    Total Liabilities
    Stockholers' equity
    Common Stock
    Retained Earning
    total stockholders' equity
    Total liabilities and stockholers' equity

    Begainning bal-retained earning


    plus: net income
    Less: dividends
    Ending bal-retained earning

    4,472
    83
    4,555
    5,700
    10,255

    34,960
    (3,888)
    31,072
    41,327

    1,000
    1,762
    6,650
    (3,888)

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