Dr.	Cr.
Cash on hand	40,500
Bank	2,179,400
Accounts Receivable	220,000
Utilities Deposit Paid	3,000
Guest Supplies	126,500
Prepaid Insurance	27,600
Fixed Assets	120,000
Accounts Payable		128,150
Deposit received		200,000
Bank Loan		100,000
Common Stock		1,800,000
Retained earnings		100,000
Revenue		430,000
Food & Beverage Cost	7,500
Promotion Expenses	650
Salaries & Wages Expenses	33,000
	2,758,150	2,758,150

8)

After making the necessary adjusting entries above, what is the profit or loss of the hotel in January:

	A.	Profit $259,250
	B.	Profit $312,550
	C.	Profit $314,550
	D.	Profit $308,550

9)

After making the necessary adjusting entries above, on the balance sheet, what is the total assets balance in January:

	A.	2,632,400
	B.	2,643,200
	C.	2,641,200
	D.	2,641,700

10)

After making the necessary adjusting entries above, on the balance sheet, what is the total liabilities balance in January:

	A.	428,150
	B.	428,650
	C.	426,650
	D.	632,650

11)

After making the necessary adjusting entries above, on the balance sheet what is the total owners equity balance (including retained earnings) in January:

	A.	2,214,550
	B.	2,212,550
	C.	2,159,250
	D.	2,208,550