GL0404 - Based on Problem 4-6A LO P4

The unadjusted trial balance for Landscape Dreams as December 31 is provided on the trial balance tab.

Information for adjustments is as follows:

1. As of December 31, employees had earned $1,900 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,375 of salaries will be paid.
2. The cost of supplies still available at December 31 is $1,400.
3. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1,250. The next interest payment, at an amount of $1,500, is due on January 15.
4. Analysis of the unearned member fees account shows $2,200 remaining unearned at December 31.
5. In addition to the member fees included in the revenue account balance, the company has earned another $11,300 in unrecorded fees that will be collected on January 31. The company is also expected to collect $12,000 on that same day for new fees earned in January.
6. Depreciation expense for the year is $21,800.

Please help with:

• General Journal
• income statement
• st owners equity
• balance sheet
• Post-closing

Unadjusted trail balance

Cash debit 157,100

Supplies debit 7,000

Equipment debit 109,000

Accumulated depreciation - Equipment credit 43,600

Unearned member fees credit 18,500

Long-term notes payable credit 100,000

S. Strods, Capital credit 98,000

S. Strods, Withdrawals debit 22,000

Member fees earned credit 54,000

Salaries expense debit 16,000

Interest expense debit 3,000

Total debit $314,100 credit 314,100