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i need the solution for a,b,c as detailed answer please Box hotel opened for business on April 1,2022. Its trial balance before adjustments on April
i need the solution for a,b,c as detailed answer please Box hotel opened for business on April 1,2022. Its trial balance before adjustments on April 30 is as follows. Other data: 1. Prepaid insurance is a 1-year policy starting April 1,2022. 2. Account of supplies shows $400 of unused supplies on April 30. 3. Annual Depreciation is $2,500 on the buildings and $3,000 on equipment. 4. The mortgage interest rate is 10% (The mortgage was taken out on April 1) 5. Unearned rent revenue of $3,300 is recognized. 6. Invoices representing $1,260 of services performed (rentals) during the month have not been recorded as of April 30. a. Prepare and post the adjusting entries on April 30. (50 points) b. Prepare an adjusted trial balance on April 30. (10 points) c. Prepare an income statement and a retained earnings statements for the month of April and a statement of financial position at April 30. (40 points)
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