i More Info Nov. 1 Received $21,000 cash to begin the company and issued common stock to Ashlyn and Zorro 2 Signed a lease for a building and paid $1,600 for the first month's rent 3 Purchased canoes for $7,680 on account. 4 Purchased office supplies on account, $500 7 Earned $1,600 cash for rental of canoes. 13 Paid $1,400 cash for wages. 15 Paid $300 dividends to stockholdenrs. 16 Received a bill for $180 for utilities. (Use separate payable account.) 20 Received a bill for $120 for cell phone expenses. (Use separate payable account.) Wo 22 Rented canoes to Toddler Town on account, $2,700. 26 Paid $2,000 on account related to the November 3 purchase. 28 Received $1,600 from Toddler Town for canoe rental on November 22. mb 30 Paid $600 dividends to stockholders. ents Cr Dec. 1 Ashlyn and Zorro contributed land on the river (worth $65,000) and a small building to use as a rental office (worth $238,000) in exchange for common stock. 1 Prepaid $4,800 for three months' rent on the warehouse where the company stores the canoes. 2 Purchased canoes signing a notes payable for $8,160. 4 Purchased office supplies on account for $1,000. 1,0 1,6 er. Print Done 000 1 of 1 (1 complete) i Reference Debit Credit Accounts and Explanation 1,000 31 Supplies Expense Dec. 1,000 Office Supplies Adj. (a) To record office supplies used. 31 Rent Expense Dec. 1,600 Prepaid Rent Adj. (b) 1,600 To record rent expense. 31 Depreciation Expense-Building Dec. 1,200 Adj. (c) Accumulated Depreciation-Building 1,200 To record depreciation on building 31 Uneamed Revenue Dec. 600 Adj. (d) Canoe Rental Revenue 600 To record revenue eamed that was collected in advance. 31 Wages Expense Dec. 1,500 Adj. (e) Wages Payable 1,500 To accrue wages expense. Dec 31 Accounts Receivable 1,400 ick Print Done DII ER DD F8 F1 % & ) 4 5 7 6 CO 2LO no i Reference Golden Lake Company Unadjusted Trial Balance December 31, 2018 Balance tr Credit Account Title Debit ste "C Cash 14,100 Accounts Receivable 5,100 Lak Office Supplies 1,500 ork Prepaid Rent 4,800 mbe Land 65,000 Building 238,000 nts Canoes 15,840 Cre Accounts Payable $ 6,180 Utilities Payable 220 Telephone Payable 280 1,000 Uneamed Revenue 900 Notes Payable 1,600 8,160 Common Stock 324.000 Print Done 1 of 1 (1 complete) Reference Golden Lake Company Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 14,100 Accounts Receivable 6,500 Office Supplies 500 Prepaid Rent 3,200 Land 65,000 Building 238,000 Accumulated Depreciation-Building 1,200 Canoes 15,840 Accumulated Depreciation-Canoes 490 Accounts Payable 6,180 1,0 Wages Payable 1,500 Utilities Payable 220 Talanhnne Daushle 280 Print Done I December 31, 2018 Unadjusted Adjusted Income Trial Balance Adjustments Trial Balance Statement Account Title Debit Credit Debit Credit Debit Credit Debit Credit Cash 14,100 14,100 Accounts Receivable 5,100 f. 1,400 6,500 Office Supplies 1,500 1,000 a 500 Prepaid Rent 4,800 1,600 b. 3,200 Land 65,000 65,000 Building 238,000 238,000 Accum. Depr.-Building 1,200 c. 1,200 Canoes 15,840 15,840 Accum. Depr-Canoes 320 g. 490 170 h Enter any number in the edit fields and then click Check Answer. 11 parts remaining Clear All TO Chueu (Click the icon to view the adjusting jounal entries.) December 3 ClCk the leu t8 view the unadjusted trial balance.) (Click the icon to view the adjusted trial balance.) Read the requirements. 600 d. Rent Expense 1,600 b 1,600 3,200 Wages Expense 3,800 1,500 e 5,300 Utilities Expense 400 400 Telephone Expense 400 400 Supplies Expense a 1,000 1,000 Depr. Expense-Building 1,200 C. 1,200 Depr. Expense-Canoes h. 170 490 g. 320 Interest Expense i. 40 40 352,140 352,140 7,830 7,830 356,770 356,770 Net income or loss Enter any number in the edit fields and then click Check Answer. 11 Darts remaining Clear All he requirements the worksheet completed in Requirement 1 Golden Lake Company Income Statement Two Months Ended December 31, 2018 Choose from any list or enter any number in the input fields and then click Check Anse parts remaining O e e i More Info Nov. 1 Received $21,000 cash to begin the company and issued common stock to Ashlyn and Zorro 2 Signed a lease for a building and paid $1,600 for the first month's rent 3 Purchased canoes for $7,680 on account. 4 Purchased office supplies on account, $500 7 Earned $1,600 cash for rental of canoes. 13 Paid $1,400 cash for wages. 15 Paid $300 dividends to stockholdenrs. 16 Received a bill for $180 for utilities. (Use separate payable account.) 20 Received a bill for $120 for cell phone expenses. (Use separate payable account.) Wo 22 Rented canoes to Toddler Town on account, $2,700. 26 Paid $2,000 on account related to the November 3 purchase. 28 Received $1,600 from Toddler Town for canoe rental on November 22. mb 30 Paid $600 dividends to stockholders. ents Cr Dec. 1 Ashlyn and Zorro contributed land on the river (worth $65,000) and a small building to use as a rental office (worth $238,000) in exchange for common stock. 1 Prepaid $4,800 for three months' rent on the warehouse where the company stores the canoes. 2 Purchased canoes signing a notes payable for $8,160. 4 Purchased office supplies on account for $1,000. 1,0 1,6 er. Print Done 000 1 of 1 (1 complete) i Reference Debit Credit Accounts and Explanation 1,000 31 Supplies Expense Dec. 1,000 Office Supplies Adj. (a) To record office supplies used. 31 Rent Expense Dec. 1,600 Prepaid Rent Adj. (b) 1,600 To record rent expense. 31 Depreciation Expense-Building Dec. 1,200 Adj. (c) Accumulated Depreciation-Building 1,200 To record depreciation on building 31 Uneamed Revenue Dec. 600 Adj. (d) Canoe Rental Revenue 600 To record revenue eamed that was collected in advance. 31 Wages Expense Dec. 1,500 Adj. (e) Wages Payable 1,500 To accrue wages expense. Dec 31 Accounts Receivable 1,400 ick Print Done DII ER DD F8 F1 % & ) 4 5 7 6 CO 2LO no i Reference Golden Lake Company Unadjusted Trial Balance December 31, 2018 Balance tr Credit Account Title Debit ste "C Cash 14,100 Accounts Receivable 5,100 Lak Office Supplies 1,500 ork Prepaid Rent 4,800 mbe Land 65,000 Building 238,000 nts Canoes 15,840 Cre Accounts Payable $ 6,180 Utilities Payable 220 Telephone Payable 280 1,000 Uneamed Revenue 900 Notes Payable 1,600 8,160 Common Stock 324.000 Print Done 1 of 1 (1 complete) Reference Golden Lake Company Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 14,100 Accounts Receivable 6,500 Office Supplies 500 Prepaid Rent 3,200 Land 65,000 Building 238,000 Accumulated Depreciation-Building 1,200 Canoes 15,840 Accumulated Depreciation-Canoes 490 Accounts Payable 6,180 1,0 Wages Payable 1,500 Utilities Payable 220 Talanhnne Daushle 280 Print Done I December 31, 2018 Unadjusted Adjusted Income Trial Balance Adjustments Trial Balance Statement Account Title Debit Credit Debit Credit Debit Credit Debit Credit Cash 14,100 14,100 Accounts Receivable 5,100 f. 1,400 6,500 Office Supplies 1,500 1,000 a 500 Prepaid Rent 4,800 1,600 b. 3,200 Land 65,000 65,000 Building 238,000 238,000 Accum. Depr.-Building 1,200 c. 1,200 Canoes 15,840 15,840 Accum. Depr-Canoes 320 g. 490 170 h Enter any number in the edit fields and then click Check Answer. 11 parts remaining Clear All TO Chueu (Click the icon to view the adjusting jounal entries.) December 3 ClCk the leu t8 view the unadjusted trial balance.) (Click the icon to view the adjusted trial balance.) Read the requirements. 600 d. Rent Expense 1,600 b 1,600 3,200 Wages Expense 3,800 1,500 e 5,300 Utilities Expense 400 400 Telephone Expense 400 400 Supplies Expense a 1,000 1,000 Depr. Expense-Building 1,200 C. 1,200 Depr. Expense-Canoes h. 170 490 g. 320 Interest Expense i. 40 40 352,140 352,140 7,830 7,830 356,770 356,770 Net income or loss Enter any number in the edit fields and then click Check Answer. 11 Darts remaining Clear All he requirements the worksheet completed in Requirement 1 Golden Lake Company Income Statement Two Months Ended December 31, 2018 Choose from any list or enter any number in the input fields and then click Check Anse parts remaining O e e