G H K L M N 0 P Q R S T U Maquoketa River Resort opened for business on June 1 with the following Transactions. Debit Credit June 1: The corporation issued 100,000 shares of common stock at $2 each for cash. June 2: Purchase $3,300 of supplies on account. June 5: Purchase a one year insurance policy for $6,000 June 7: Acquired a mortgage loan to purchase a $25,000 land lot, with a $125,000 building June 12: Purchase equipment for $26,000 cash June 16: Received $80,000 cash for one week of resort room Rentals B C E F 1 Name 2 Section 3 Date 4 5 6 7 3 Date Account Titles 9 1 10 2 11 3 12 4 13 S 14 6 15 7 168 17 9 18 10 19 11 20 12 21 13 22 14 23 15 24 16 25 17 26 18 27 19 28 20 29 21 30 22 31 23 32 24 33 25 34 26 35 27 General Journal General Ledger Unadjusted Trial Balance June 20: Received $10,000 in advanced for services that will be rentered next month June 24: Paid $3,600 for equipment repair and maintenance. June 26: Pald $5,000 in Dividends June 27: Salaries and wages for the month were paid $51,000. June 29: Utilities incurred during the month $9,400 Requirements 1. Prepare the journal entries in the general journal 2. Post to the ledger 3. Create the unadjusted trial balance 4. Create the unadjusted trial balance in the worksheet General Journal - Adjustments Trial Balance Worksh... O AB C H T w 4 0 1 4 5 8 8 9 3 -4 6 -7 8 9 0 -1 2 3 4 5 General Journal General Ledger Unad usted Trial Balance | General Journal Adjustments Trial Balance Worksh... + F G 1 J KL MN o P 0 A B D E 1 Name 2 Section 3 3 Date 4 5 8 Company Name 7 Unadjusted Trial Balance 8 Date 9 Account Titles Debit Credit 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 28 27 28 29 30 31 32 33 34 35 TOTAL - General Journal General Ledger Unadjusted Trial Balance General Journal - Adjustments Rusdy Trial Balance Worksh... + ED G H L M NO QR S T U Debit Credit In addition to those accounts listed on the trial balance, the chart of accounts for Maquoketa River Resort also contains the following accounts and account numbers: No. 112 Accounts Receivable, 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 Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. 2. 3 4. 5 6. 7. One month of insurance expired. A count on June 30 shows $800 of supplies on hand. Monthly depreciation is $2,000 on buildings and $ 700 on equipment. Unearned rent revenue of $4,80p has been earned. Salaries and wages of $400 were unpaid at June 30. Rentals of $4,000 were due from tenants at June 30. The mortgage interest rate is 9% per year. AB D E F 1 Name 2 Section 3 Date 41 5 6 7 8 Date Account Titles 9 1 10 2 11 3 124 13 5 5 14 6 15 7 16 5 179 18 10 19 11 2012 21 13 22 14 23 15 24 16 25 17 26 18 27 19 28 20 29 21 30 22 31 23 32 24 33 25 34 26 35 27 General Journal General Ledger Unadjusted Trial Balance General Journal - Adjustments Trial Balance Worksh... . B D E F G H J L M Company Name Unadjusted Trial Balance Date Account Titles Debit Credit 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Total General Journal General Ledger Unadjusted Trial Balance General Journal Adjustments Trial Balance Worksh ... G H WN A Nam Section Dete Unadjusted Trial Balance Adjusted Trial Balance Accounts Titles Adustments Income Statement Balance Sheet D Cr. DI Cr. Dr Cr. C Dr I 1 Name 2 Section 3 Date 4 5 (a) 6 7 Income Statement 8 For the month Ended June 30, XXXX 9 Revenues 10 2 11 12 4 Expenses 13 5 14 6 15 7 16 8 17 9 18 10 19 11 20 12 21 13 22 14 Net income (loss) 23 15 24 25 26 27 28 29 BO 31 32 33 34 35 36 Unadjusted Trial Balance General Journal - Adjustments Trial Balance Worksheet Income Statement Statemel ... : G H J L M N 1 2 3 4 5 16 7 8 9 A B D E F 5 (a) 6 7 Income Statement 8 For the Month Ended June 30, XXXX 9 1 Revenues 10 2 11 3 2 4 Expenses 13 5 14 6 15 7 16 8 17 9 18 10 19 111 20 121 21 13 22 14 Net income (loss) 23 15 24 25 26 27 28 29 BO 31 32 Statement of Retained Earnings 33 For the Year Ended December 31, XXXX 34 1 35 21 2 B6 3 37 41 38 5 39 61 General Journal - Adjustments Trial Balance Worksheet 10 11 12 13 14 15 1 2 3 4 5 16 Statement of Retained Earnings Income Statement BB Be ... : A B D F G H K M N o Co. Name Balance Sheet 6/30/XXXX Assets Liabilities and Stockholders' Equity B Trial Balance Worksheet Income Statement Statement of Retained Earnings Balance Sheet General Journal Clc... L M N O Q R S T U Maquoketa River Resort opened for business on June 1 with the following Transactions. June 1: The corporation issued 100,000 shares of common stock at $2 each for cash. . June 2: Purchase $3,300 of supplies on account. June 5: Purchase a one year insurance policy for $6,000 June 7: Acquired a mortgage loan to purchase a $25,000 land lot, with a $125,000 building, June 12: Purchase equipment for $26,000 cash June 16: Received $80,000 cash for one week of resort room Rentals A B D E F G H 1 J K 1 Name 2 Section 3 Date 4 5 5 8 7 7 8 Date Account Titles Debit Credit 9 1 10 2 11 31 12 4 13 51 14 6 15 71 16 8 8 17 9 18 101 19 11 20 121 21 131 22 141 23 15 24 16 25 17 26 181 27 191 28 201 29 21 30 22 31 231 32 241 33 251 34 28 35 27 ... Worksheet Income Statement Statement of Retained Earnings Balance Sheet General Journal Closing Entries June 20: Received $10,000 in advanced for services that will be rentered next month, June 24: Paid $3,600 for equipment repair and maintenance, June 26: Paid $5,000 in Dividends June 27: Salaries and wages for the month were paid $51,000. June 29: Utilities incurred during the month $9,400 Requirements 1. Prepare the journal entries in the general journal 2. Post to the ledger 3. Create the unadjusted trial balance 4. Create the unadjusted trial balance in the worksheet
