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asap Bloom's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows BLOSSOM'S HOTEL Trial Balance
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Bloom's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows BLOSSOM'S HOTEL Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $3,400 126 Supplies 2.000 130 Prepaid more 1.800 140 Land 12.000 141 Buildings SO 149 Eolment 14.400 200 540.000 Notes Payable 201 700 Accounts Payable Unearned Rent Revenue 208 3.000 1.000 301 Owner's Capital 300 429 Renten 550 610 Advertising Expense 1200 726 3.200 Salaries and Wapes Expense Utilities Expense 732 B50 $97.000 597.000 In addition to those accounts listed on the trial balance, the chart of accounts for Blossom's Hotel also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No 150 Accumulated Depreciation Equipment, No. 212 Salaries and Wages Payable. No 230 Interest Payable, No. 619 Depreciation Expense. No. 631 Supplies Expenu, No.718 interest Expense, and No. 722 Insurance Expense. Other data 1 2 Prepaid insurance is a 1-year policy starting May 1, 2022 A count of supplies shows $700 of unused supplies on May 31 Annual depreciation is $3.528 on the buildings and $1,440 on equipment The note payable interest rate is 6%. (The note was taken out on May 1 and will be repaid along with interest in tyear) 3. 4. 5. Two-thirds of the unearned rent revenue has been eamed. 6 Salaries and wages of $700 are unpaid and unrecorded at May 31 SERGO tres before credit entries. Credit account tibes are automatically indeed when the amount is entered. Do not Indent manual) No. Date Account Titles and Explanation Debit Credit 1 May 31 Insurance Expense 150 Prepaid Insurance May 2 31 Supplies Expense 1,500 Supplies 100 3 May 31 Depreciation pense 414 Accumulated Depreciation Buildings Accumulated Depreciation Equipment 200 4 May 31 Interest Expense Inst Payable Accumulated Depreciation Equipment, 120 May Interest Expense 200 31 Interest Payable 200 May Unearned Rent Revenue 2.000 31 2.000 Rent Revenue 700 May 31 Salaries and Wages Expense 700 Salaries and Wages Payable into the balance column and then post Cash No. 101 Date Explanation Ref. Debit Credit Balance Balance May 31 Supplies No. 126 Date Ref. Debit Credit Balance Explanation Balance May 31 May 31 Adjusting 31 No. 130 Prepaid Insurance Date Explanation Debit Credit Balance Ret V May 31 Balance 31 May 31 Adjusting No. 140 Balance Land Debit Credit Ref. Date Explanation TU Date Explanation Ref: Debit Credit Balance May 31 Balance No. 142 Accumulated Depreciation- Buildings Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Equipment Date No. 149 Balance Explanation Ref. Debit Credit No. 150 May 31 Balance Accumulated Depreciation- Equipment Date Explanation Balance Ref. Debit Credit 31 May 31 Adjusting No. 201 Balance Accounts Payable Date Explanation Credit Ref. Debit May Balance Question 18 of 18 0/30 Uneamed Rent Revenue Date Explanation No. 203 Ref Debit Credit tance May 31 Balance 11 May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting No. 212 Ret Debit Credit Balance No. 230 Interest Payable Date Explanation Ref Debit Credit Balance May 31 Adjusting 33 No. 200 Notes Payable Date Explanation Ref Debit Credit Balance May 31 Balance Na 301 Owner's Capital Date Explanation Ref Debit Credit Balance May 07.30 Rent Revenue Date Explanation Ref No. 429 lalance Debit Credit May 31 Balance 21 May 31 Adjusting Advertising Expense Date Explanation No. 610 Ref. Debit Credit Balance May 31 Balance No. 619 Depreciation Expense Date Explanation Balance Ret Credit Debit 11 May 31 Adjusting No. 631 Supplies Expense Date Explanation Credit Balance Debit Ref. May 31 Adjusting No. 710 Interest Expense Date Explanation Balance Credit Debit Ref. VV Ref. Debit Credit Balance J1 No. 722 Date Explanation May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance 31 No. 726 Ref. Debit Credit Balance May 31 Balance 31 No. 732 May 31 Adjusting Utilities Expense Date Explanation Credit Balance Debit Ref. May 31 Balance Step by Step Solution
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