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e Take me to the text Alps Ski Resort is owned by Kathy Truderung and provides training to novice ski enthusiasts. At the end of
e Take me to the text Alps Ski Resort is owned by Kathy Truderung and provides training to novice ski enthusiasts. At the end of March 2021, the company had the following adjustments. Mar 31 Interest on the bank loan is set at 5%. One month of interest has accrued. Mar 31 Mar 31 English The balance of prepaid insurance is for the remaining 9 months of the insurance policy. One month of insurance has been used. The equipment was purchased three months prior at the beginning of the month and will have a useful life of 7 years, after which it will have residual value of $1,320. Depreciation is recorded every month. Record depreciation for March. Mar 31 Alps Ski Resort provided services that accounted for $500 of the amount that was previously unearned. Required Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Unadjusted Trial Balance Account DR CR Cash 5,500 Accounts Receivable. 2.6701 Alps Ski Resort Worksheet March 31, 2021 Adjustments Adjusted Trial Balance DR CR DR CR [Accounts Payable 2,600 Interest Payable Unearned Revenue 2,200 Bank Loan 7,400 Truderung, Capital 12.468 Truderung, Withdrawals. 1,800 Service Revenue 8,500 Depreciation Expense Insurance Expense Interest Expense Rent Expense 1,100 Salaries & Wages Expense 2,300 Total 33.566 33,566
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