Disney Amusement Park, Inc. has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.

Instructions
(a) Prepare a complete worksheet.
(b) Prepare a classified balance sheet. (Note: $10,000 of the mortgage note payable is due for payment in the next fiscal year.)
(c) Journalize the adjusting entries using the worksheet as a basis.
(d) Journalize the closing entries using the worksheet as a basis.
(e) Prepare a post-closing trialbalance.

Transcribed Image Text:

DISNEY AMUSEMENT PARK, INC. For the Year Ended September 30, 2011 Adjusted Trial Balance Trial Balance Dr. 41,400 18,600 31,900 Cr. 41,400 1200 8,900 80,000 120,000 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Accounts Payable Unearned Admissions Revenue Mortgage Note Payable Common Stock Retained Earnings Dividends Admissions Revenue Salaries Expense Repair Expense Advertising Expense Utilities Expense Property Taxes Expense Interest Expense 120,000 36,200 14,600 3.700 50,000 100,000 14,600 100,000 14,000 14,000 277,500 279,200 105,000 30,500 105,000 16,900 18,000 6,000 491,700 16,900 21,000 10,000 Totals Insurance Expense Supplies Expense Interest Payable Depreciation Expense Property Taxes Payable 491,700 17.400 4,000 3,000 504.700 Totals 504,700