Please answer all the questions
G 2 Dr. Cr. 7 9 10 11 12 14 15 16 17 Th 20 Worksheet iestion P3-2 Trial Balance ljustments (Journadjusted Trial Balancncome Statemen Balance Sheet Accounts Titles Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cash 19,600 19,600 19,600 Supplies 3,300 2,700 600 600 Prepaid Insurance 6,000 400 5,600 5,600 Land 25,000 25,000 25,000 Cottage 125,000 125,000 125,000 Furniture 26,000 26,000 26,000 Accounts Payable 6,500 6,500 6,500 Unearned Rent Revenue 7,400 4,100 3,300 3,300 Mortgage Payable 80,000 80.000 80,000 P. Harder, Capital 100,000 100,000 111,300 P. Harder, Drawing 5,000 5,000 Rent Revenue 80,000 5,100 85,100 85,100 Repair Expense 3,600 3,600 3,600 Salaries Expense 51,000 400 51,400 51,400 Utilities Expense 9,400 9,400 9,400 Totals 273,900 273,900 Insurarnce Expense 400 400 400 Supplies Expense 2,700 2,700 2,700 Depreciation Expense - Cottage 500 500 500 Accumulated Depreciation - Cottage 500 500 500 Depreciation Expense - Furniture 200 200 200 Accumulated Depreciation - Furniture 200 200 200 Salaries Payable 400 400 400 Accounts Receivable 1,000 1,000 1,000 Interest Expense 600 600 600 Interest Payable 600 600 600 Totals 9,900 9,900 276,60 276,600 68,800 85,100 202,80C 202,800 Net Income (loss) 16,300 Other data: 1. Insurance expires at the rate of $400 per month. 2. A count on August 31 shows $600 of supplies on hand. 3. Annual depreciation is $6,000 on cottages and $2,400 on furniture. 4. Unearned rent revenue of $4,100 was earned prior to August 31. 5. Salaries of $400 were unpaid at August 31. 6. Rentals of $1,000 were due from tenants at August 31. (Use Accounts Receivable.) 7. The mortgage interest rate is 9% per year. (The mortgage was taken out on August 1.) 21 22 23 24 26 22 28 29 ao 21 32 33 34 G 2 Dr. Cr. 7 9 10 11 12 14 15 16 17 Th 20 Worksheet iestion P3-2 Trial Balance ljustments (Journadjusted Trial Balancncome Statemen Balance Sheet Accounts Titles Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cash 19,600 19,600 19,600 Supplies 3,300 2,700 600 600 Prepaid Insurance 6,000 400 5,600 5,600 Land 25,000 25,000 25,000 Cottage 125,000 125,000 125,000 Furniture 26,000 26,000 26,000 Accounts Payable 6,500 6,500 6,500 Unearned Rent Revenue 7,400 4,100 3,300 3,300 Mortgage Payable 80,000 80.000 80,000 P. Harder, Capital 100,000 100,000 111,300 P. Harder, Drawing 5,000 5,000 Rent Revenue 80,000 5,100 85,100 85,100 Repair Expense 3,600 3,600 3,600 Salaries Expense 51,000 400 51,400 51,400 Utilities Expense 9,400 9,400 9,400 Totals 273,900 273,900 Insurarnce Expense 400 400 400 Supplies Expense 2,700 2,700 2,700 Depreciation Expense - Cottage 500 500 500 Accumulated Depreciation - Cottage 500 500 500 Depreciation Expense - Furniture 200 200 200 Accumulated Depreciation - Furniture 200 200 200 Salaries Payable 400 400 400 Accounts Receivable 1,000 1,000 1,000 Interest Expense 600 600 600 Interest Payable 600 600 600 Totals 9,900 9,900 276,60 276,600 68,800 85,100 202,80C 202,800 Net Income (loss) 16,300 Other data: 1. Insurance expires at the rate of $400 per month. 2. A count on August 31 shows $600 of supplies on hand. 3. Annual depreciation is $6,000 on cottages and $2,400 on furniture. 4. Unearned rent revenue of $4,100 was earned prior to August 31. 5. Salaries of $400 were unpaid at August 31. 6. Rentals of $1,000 were due from tenants at August 31. (Use Accounts Receivable.) 7. The mortgage interest rate is 9% per year. (The mortgage was taken out on August 1.) 21 22 23 24 26 22 28 29 ao 21 32 33 34
