1 ASSIGNMENT 2 CHAPTER 3 Late assignments will not be accepted Read Assignment Standards before preparing this and all assignments. Submit cover page and pages 3 through 8 (unless the page is blank) KAMEHAMEHA RENOVATIONS Unadjusted Trial Balance December 31, 2019 Cash $4,000 Accounts receivable 1,800 Construction supplies 1,360 Prepaid insurance 1,940 Investment in Sierra, Inc., common shares (long-term)8,000 Trucks 38,000 Accumulated depreciation, trucks $15,000 Construction equipment 6,400 Accumulated depreciation, construction equipment 2,300 Building 103,000 Accumulated depreciation, building 38,000 Land 24,000 Franchise 35,000 Unearned renovation service revenue 1,950 Notes payable, long term 83,400 Capital, Duke Kahanamoku. 66,075 Withdrawals, Duke Kabanamoku 32,000 Renovation architecture fees 14,800 Renovation services revenue 96,000 Gas, oil, and repairs expense 4,825 Interest expense 7,650 Renovation wages expense 34,050 Office salaries expense 16.100 TOTAL $318.125 $31.125 REQUIRED Set-up the T-ACCTS for the items in the trial balance above plus these additional accounts: Wages Payable Depreciation Expense, Building Depreciation Expense, Construction Equipment Depreciation Expense, Trucks Insurance Expense Construction Supplies Expense Enter the trial balance amounts in the T-ACCTS 10 TOTAL 110 IM SILN5 SEGRE 16 11 20 12 150 15 REQUIRED (0) Set up the T-ACCTS for the terms in the trial balance above plus these additional accounts: Wages Payable Depreciation Expense, Building Depreciation Expense, Construction Equipment Depreciation Expense, Trucks Insurance Expense Construction Supplies Expense Enter the trial balance amounts in the T-ACCTS ASSIGNMENT ? CHAPTER 3 (2) 3633 8895 Use the information that follows to prepare and record adjusting journal entries, ( Insurance premiums of $1.115 expired during the year. b) An Inventory count shows 51,232 of unused construction supplies on hand. (c Depreciation on the construction equipment, $1,625 (d) Depreciation on the trucks, $9.400. Depreciation on the building, 54,900 of the $1,950 balance in the Unearned Renovation Service Revenue account. $725 was eamed by the year-end. Accrued renovation architecture fees comed but unrecorded at year-end at $2,100 There were 5960 of earned but unrecorded wages for an employee at the yearend (3) Post the adjusting entries to T.Accounts (4) Prepare an adjusted trial balance (5) in good form, prepare an income statement, a statement of owner's equity, and a balance sheet A $10,400 Instament on the long term note payable is due within one year. KEY NUMBERS: Balance Construction Supplies $ 1,232 Balance Prepaid Insurance Balance Uneamed Renovation Architecture Fees 1,225 Balance Renovation Architecture Fees Eamed 16,900 Balance Renovation Wages Expense 35010 Total debit column Tral Balance 337,110 Net Income 32,872 Total Assets 152,532 Total Current Liabilites 12,585 (5) in good prepare an income statement, a wement owner's quity and able wheet A596,400 rent on the long term pays do with one you KEY NUMBERS Balance Cores 1232 Balance Prepaid Insuran Balance Uneaed Henovation Architecture Balance von Arlecture Fearned 16,800 Balance How Wigs Expense 35.000 Total debito 337,110 Net Income 32,872 Total 12.12 Total Current 12. 1 Account Names R Debe Credt MacBook Air LACCES MacBook At FINANCIAL STATEMENT Home File Insert Design Layout References Malings Review View Tell me what you want to do PROTECTED VIEW Internet can contains you need to win Protected View Enable Edit) PRODUCT NOTICES Wordhow been disabled because it has been actuate Actuate ASSIGNMENT 2 CHAPTER 3 Late assignments will not be accepted Read Assignment Standards before preparing this and all assignments. Submit cover page and pages 3 through 8 (unless the page is blank) KAMEHAMEHA RENOVATIONS Unadjusted Trial Balance December 31, 2019 Cash $4.000 Accounts receivable 1,800 Construction supplies 1360 Prepaid insurance 1940 Investment in Sierra, Inc., common shares (long term) 8,000 Trucks 38.000 Accumulated depreciation, trucks $15,000 Construction equipment 6.400 Accumulated depreciation, construction equipment 2.300 Building 103.000 Accumulated depreciation, building 38,600 Land 24,000 Franchise 35,000 Uneamed renovation service revenue 1,950 Noles payable, long form 83,400 Capital, Duke Kahanamoku 66,075 Withdrawals, Duke Kahanamoku 32,000 Renovation architecture foos 14,800 Renovation Services revenue 96,000 Gas, oil and repairs expense 4,825 Interest expense 7,650 Renovation wages expense 34 050 Office salaries expense 16.100 TOTAL $318.125 $318.125 REQUIRED (1) Set up the TACCTS for the items in the trial balance above plus these additional accounts Wapes Payable Depreciation Expense, Building Depreciation Expense, Construction Equipment Depreciation Experie, Trucks Insurance Expense Construction Supplies Expono GAR TA 1400W DECOUCT NOTICE Matthew Whave bebih be Hmotion was expense 3400 Office sales expense 16.100 TOTAL $318.125 REQUIRED (1) Set up the TACCTS for the items in the trial balance above plus these additional accounts Wages Payable Depreciation Exponse, Building Depreciation Expense, Construction Equipment Depreciation Expense, Trucks Insurance Expense Construction Supplies Expense Enter the trial balance amounts in the TACCTS ASSIGNMENT? - CHAPTER 3 (2) Use the information that follows to prepare and record aga on cal Insurance promum of $1,115 expired during the year b) An inventory count shows 51,232 of unused construction wippies on hand c Depreciation on the construction equipment, 31.025 (0 Depreciation on the trucks, 59,400 (e) Depreciation on the building, 54,000 00 of the $1,950 balance in the Unowned Renovation Service Revente account. $725 was earned by the yound (a) Accrued renovation architecture foes came but recorded at year end fotod 2.100 ch) There were $900 of camed but un recorded wages for employee of the year and Post the adjusting entries to Accounts (4) Prepare and trial balance in good form prepare an income statement, a statement of owner's guilty, and a balance sheet A 10.400 instant on the long term not payable is due with the (5) KEY NUMBERS Balance Construction Supplies Balance Prepaid insurance Balance Unoored Renovation Architecture Fees Balance Renovation Architecture For Earned Balance Renovation Wages Expense Total debt column Trial Balance Not Income $ 1.232 825 1.225 16 900 35 010 337,110 32 872 Total Current Liabilities 12,585 Journal Entries Date Account Names R Debit Credit I G LACCTS TACLES FINANCIAL STATEMENTS