Question
Could you please prepare a ledger using T-accounts? Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal
Could you please prepare a ledger using T-accounts? Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.) Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense Insurance Expense Supplies Expense Depreciation Expense
Problem 4-3A (Part Level Submission) The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adju on May 31 MOTO HOTEL Trial Balance May 31, 2017 Debit Credit $2,463 2,600 1,800 14,963 71,200 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $4,663 3,300 37,200 59,963 9,000 3,000 800 500 114,126 114,126 Other data Insurance expires at the rate of $360 per month count of supplies shows $1,070 of unused supplies on May 31 (a) Annual depreciation is $3,000 on the building (b) Annual depreciation is $2,400 on equipment e mortgage interest rate is 6%. (The mortgage was taken out on May Unearned rent of $2,510 has been earned Salaries of $860 are accrued and unpaid at May 31
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