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please help me as soon as possible The following independent events for Carla Vista Theatre Ltd, during the year ended Decimber 31,2024 , requirea journat
please help me as soon as possible
The following independent events for Carla Vista Theatre Ltd, during the year ended Decimber 31,2024 , requirea journat entry or an adjusting journal entry, or both. The company adjusts its accounts annually. 1. Supplies on hand amounted to $3,000 at the beginning of the year. On March 1, additional supplies were purchased for $8,500 cash. At the end of the year, a physical count showed that supplies on hand amounted to $2,000. 2. The theatre owns a vehicle that was purchased on January 2,2024 , for $240,000. The vehicle's estimated useful hife is four yrs. 3. The theatre puts on nine plays each season, which starts in September and ends in Mary fone play par month, Season tickets sell for $420, On August 2,630 season tickets were sold for the upcoming 2024-2025 season. The theatre credited Deferred Revenue for the full amount received on August 2 and uses a Ticket Revenue account to record revenue eacned from season tickets 4. On June 1, the theatre borrowed $70.000 from Lar Caisse Populaire Desjardins at an interest rate of 6% to bet repaid in one year, The interest is payable on the first day of each following month and was last paid on December 1. 5. The total biweeldy payroll is \$18,000, poid every other Friday for emplovee salarios earned during the prior 12 - day workweekctuesday to Sunday). This year, December 31 falls on a Tipesday, Sataries were last paid tand recordedl on Friday, December 2%, and will be paid next on Friday, Janwary 10. 6. Carla Vista. Theatre rents a portioriof its facilites for $1,200 a month to a local seniors choir that uses the space for rehearsak The choir's troasorer was ill during December, and on January 7, the the stre received a $2.400 cheque foc both the amount owing for the montio of December and the rent for the month of January the account titles and enter Ofor the amounts. Record joumal entries in the order presented in the problem) Step by Step Solution
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