Question
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.
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:
- 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.
- The cost of supplies still available at December 31 is $1,400.
- 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.
- Analysis of the unearned member fees account shows $2,200 remaining unearned at December 31.
- 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.
- 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
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