In addition to those accounts listed on the trial balance, the chart of accounts for spring rover resort also contains the following accounts and account numbers NO. 112 accounts receivable. No. 144 Accumulated depreciations- cottages, No. 150 accumulated depreciation furniture, No.212 salaries payable, No. 230 Interest Payable, No. 620 Depreciation ExpenseCottages, No. 621 Depreciation Expense Furniture. No 631 Supplies Expense, No 718 Interest Expense, and No. 722 insurance Expense.

Other Data

1. Insurance expires at the rate of $400 per month

2. A count of August 31 shows $900 of supplies on hand

3. Annual depreciation is $3,600 on Cottages and $2,400 on furniture

4. Unearned rent of $4,100 was earned prior to August 31

5. Salaries of $400 were unpaid at August 31

6. Rental of $800 were due from tenants at August 31 (use accounts receivable)

7. The mortgage interest rate is 9 percent per year. (The mortgage was taken out on August 1)

Instructions: Prepare Accountants Worksheet.

Determine Profit or Loss

Determine Book Value of Fixed Assets

Prepare nice looking Income statement for the Period June 1 to August 31, 3 months

Prepare nice looking Balance sheet as of August 31.

Trieda August 1.2 Prepaid BRGBAR Preferred Instructions: Prepare Accountants Worksheet Determine Profit or Loss Determine Book Value of Fixed Assets Prepare nice looking Income statement for the Period June 1 to August 31.3 months Prepare nice looking Balance sheets of August 31. Account Number Credit Cash Supplies Prepaid Insurance Debit $19,600 3,300 6,000 25.000 125.000 26,000 Land Cottages Furniture Accounts Payable Uncarned Rent Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue Repair Expense Salaries Expense Utilities Expense 7400 000 100,000 5,000 80,000 3,600 $1,000 9,400 $273.900 $273.900