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  • Adjusted Trial Balance P3 2A Neosho River Resort Student

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    Ramzan Ali
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    The trial balance for Neosho River Resort as of August 31, 2010 shows assets of $179,900, liabilities of $93,900, and owner's equity of $100,000. Adjustments include recognizing $1,200 of insurance expense, $2,700 of supplies expense, and $1,500 of depreciation expense for cottages.

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    Trial Balance

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    92590361 Adjusted Trial Balance P3 2A Neosho River Resort Student

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    The trial balance for Neosho River Resort as of August 31, 2010 shows assets of $179,900, liabilities of $93,900, and owner's equity of $100,000. Adjustments include recognizing $1,200 of insurance expense, $2,700 of supplies expense, and $1,500 of depreciation expense for cottages.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    168 views1 page

    Adjusted Trial Balance P3 2A Neosho River Resort Student

    Uploaded by

    Ramzan Ali
    The trial balance for Neosho River Resort as of August 31, 2010 shows assets of $179,900, liabilities of $93,900, and owner's equity of $100,000. Adjustments include recognizing $1,200 of insurance expense, $2,700 of supplies expense, and $1,500 of depreciation expense for cottages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    ACC 100 - P3-2A

    Adjustments
    Range: A1: R48
    Neosho River Resort
    Trial Balance
    August 31, 2010

    Unadjusted Adjusted
    Account Trial Balance Adjustments Trial Balance
    Account No. Debit Credit Debit Credit Debit Credit
    Cash 101 19,600
    Accounts Receivable 112
    Supplies 126 3,300
    Pre-paid Insurance 130 6,000
    Land 140 25,000
    Cottages 143 125,000
    Accum. Depr - Cottages 144
    Furniture 149 26,000
    Accum. Depr - Furniture 150
    Accounts Payable 201 6,500
    Unearned Rent Revenue 209 7,400
    Salaries Payable 212
    Interest Payable 230
    Mortgage Payable 275 80,000
    P.Harder, Capital 301 100,000
    P.Harder, Drawing 306 5,000
    Rent Revenue 429 80,000

    Depre. Expense - Cottages 620


    Depr. Expense - Furniture 631
    Repair Expense 622 3,600
    Supplies Expense 631
    Interest Expense 718
    Insurance Expense 722
    Salaries Expense 726 51,000
    Utilities Expense 732 9,400
    Total 273,900 273,900 0 0 0 0
    Net Income

    a. Insurance Expense - $1,200


    b. Supplies Expense - $2,700
    c1. Depreciation Expense - Cottages - $1,500

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