Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chrome Web Store Crazy Mountain Outfitters Co., In outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first

image text in transcribed
image text in transcribed
image text in transcribed
Chrome Web Store Crazy Mountain Outfitters Co., In outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2015 Debit Balances 13,330 88,510 21,330 450,220 Credit Balances Cash Accounts Receivable Supplies Equipment Accounts Payable Uneamed Tees Common Stock Retained Earnings Dividends Tees Earned Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 20,790 23,460 55,000 255,000 A 17,600 533,200 123,700 94,380 67.720 10,660 887,450 887,450 Check My Work 2 more Check My Worluses remaining Previous All work saved La tractor Save and ebook Supplies on and on April 30 were 57,080 Fees and but unbed on April 30 were $9.650 Depreciation of equipment was estimated to be 513,330 for the year Unpaid wages accrued on April 30 were $1,710 The balance in unearned fees represented the April recept in advance for services to be provided. Only ste,630 of the service was provided between Bord 1 and Apex 30. Required: 1. Journake the desting entries necessary on April 30, 2015. If an amount box does not require an entry, levert blank Apr 30 30 DI II II II II II II 30 14 30 Check My Work 2 more Check My Work remaning Previous Next 7. Determine the reveries, exposes and met mof Cary Mountain Outfitters Co, before the adjusting entries even Net inte 1. Desema the revenues, and net income of Cwy Mountain outtes or the things Heves pens Net income 4. Determine the effect of the adjusting enes on tened Caming Heted Chede My Work Check My Works Previous Chrome Web Store Crazy Mountain Outfitters Co., In outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2015 Debit Balances 13,330 88,510 21,330 450,220 Credit Balances Cash Accounts Receivable Supplies Equipment Accounts Payable Uneamed Tees Common Stock Retained Earnings Dividends Tees Earned Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 20,790 23,460 55,000 255,000 A 17,600 533,200 123,700 94,380 67.720 10,660 887,450 887,450 Check My Work 2 more Check My Worluses remaining Previous All work saved La tractor Save and ebook Supplies on and on April 30 were 57,080 Fees and but unbed on April 30 were $9.650 Depreciation of equipment was estimated to be 513,330 for the year Unpaid wages accrued on April 30 were $1,710 The balance in unearned fees represented the April recept in advance for services to be provided. Only ste,630 of the service was provided between Bord 1 and Apex 30. Required: 1. Journake the desting entries necessary on April 30, 2015. If an amount box does not require an entry, levert blank Apr 30 30 DI II II II II II II 30 14 30 Check My Work 2 more Check My Work remaning Previous Next 7. Determine the reveries, exposes and met mof Cary Mountain Outfitters Co, before the adjusting entries even Net inte 1. Desema the revenues, and net income of Cwy Mountain outtes or the things Heves pens Net income 4. Determine the effect of the adjusting enes on tened Caming Heted Chede My Work Check My Works Previous

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions