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Adjusting Journal Entries (11 marks) The following is the unadjusted trial balance for Rocky Mountain Resort inc. at its year end, August 31, 2023. The

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Adjusting Journal Entries (11 marks) The following is the unadjusted trial balance for Rocky Mountain Resort inc. at its year end, August 31, 2023. The compary adjusts its accounts annually. Pecord the adjusting entries required for Rocky Mountain Resort Inc. at year Rocord the adjusting entries required for Rocky Mountain Resort ine. atyear ervd August 31,2023 based on the additional information provided below. Question 11 ( 2 points) Customers must pay a $100 deposit if they want to book a cottage during the peak. period. An analysis of these bookings indicates 710 deposits were received and credited to deferred revenue. Only 120 of these deposits have not been earned by August 31. Question 12 (2 points) The one-year insurance policy was purchased on May 31 for $12,720. Prepaid insurance was debited at the time of the purchase. The buildiness was purchased steveral years ago. it has an estirnaced useful vife ot ab years, residual value of $10,000 and straight-line dwpreciation hs used. Or. Cr: Question 14 ( 2 poirts) A count of supplies on August 31 shows $4,140 of supplies on hand. Question 15 (1 point) Accrued salaries owed at year end. Salaries of $1,680 were unpaid at August 31. Question 15 (1 point) Acerucd sataries owed at year end, Salaries of $1.680 were unpald at August 31. Dr. Cr Question 36 ( 2 points) Income Tax Payable is estimated to be $12,000. The company has paid an instalment. of $10,000 as of year end. Dr. Cr

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