Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 02 Aug 2017 My Price 12.00

Melton River

Melton River resort opened for business on June 1 with eight air conditioned units. its trial balance before adjustment on August 31 was

 

 

 

account number

 

101 cash debited 19,600

 

126 supplies debited 3,300

 

130 prepaid insurance debited 6,000

 

140 land debited 25,000

 

143 buildings debited 125,000

 

149 equipemt debited 26,000

 

201 Accounts payable credited 6,500

 

208 unearned rent revenue credited 7,400

 

275 mortgage payable credited 80,000

 

301 Owners Capital debited 100,000

 

306 Owners Drawings debited 5,000

 

429 Rent Revenue 80,000 credited

 

622 Maintenance and Repairs expense debited 3,600

 

726 Salaries and Wages Expense debited 51,000

 

732 Utilities Expense debited 9,400

 

 

 

In addition to those accounts listed on the trial balance, ther chart of accounts for Melton River Resort alos contain the following accounts and account numbers: Number 112 for Accounts receivable, NO 144 accumulated Depreciation- buildings, NO 150 Accumulated Depreciation -Equipment, NO 212 Salaries and Wages PAyable, NO 230 interest payble, NO 620 Depreciation Expenses, NO 631 Supplies Expense, NO 718 Interest expense, and NO 722 Insurance Expense

 

 

 

Insurance expires at the rate of $300 a month

 

A Physical count on August 31 shows $800 of supplies on hand

 

Annual depreciation is $6,000 on buidlings and $2,400 on equipment

 

Unearned rent revenue of 4,8000 was earned proir to August 31

 

Salaries of $ 400 were un paid at August 31

 

Rentals of $4000 were due from tenants at August 31 ( Use accounts receivable)

 

The mortagage interest rate is 9% per year (The mortagage was taken out on August)

 

 

 

Journalize the adjusting entried on August 31 for the 3 month period June 1 August 31

 

 

 

Prepare a ledger using the three column for of account. Enter the trial balace moments and post the adjusting books

 

 

 

Prepare an adjusted trial balance on August 31

 

 

 

Prepare an income statment and an owner's equity statments for the 3 months ending in the August 31..

 

Answers

Maurice Tutor
(5)
Status NEW Posted 02 Aug 2017 11:08 AM My Price 12.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)