Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
please help me fill in the blanks, the only options for dates are 5/1, 5/31, and 5/31 Bal but I somehow keep getting them wrong.
please help me fill in the blanks, the only options for dates are 5/1, 5/31, and 5/31 Bal but I somehow keep getting them wrong. thanks in advance
adjustment on May 31. Credit PHAROAH HOTEL Trial Balance May 31, 2022 Debit Cash $ 2,623 Supplies 2,600 Prepaid Insurance 1,800 Land 15,123 Buildings 72,400 Equipment 16,800 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock $4,823 3,300 38,400 60,123 9,000 3,000 Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense 800 500 $115,646 $115,646 Other data: 1. 2. Insurance expires at the rate of $360 per month A count of supplies shows $1,130 of unused supplies on May 31. (a) Annual depreciation is $3,480 on the building, (b) Annual depreciation is $2,880 on equipment. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) Unearned rent of $2,670 has been earned. Salaries of $710 are accrued and unpaid at May 31. 4. 5. 6. Cash 5/31 B 2,623 Supplies 2,600 5/31 1,470 5/31B 1,130 Prepaid Insurance 1.800 5/31 360 5/31B V 1,440 Land 5/31 15.123 5/31 60.123 Rent Revenue 5/31 Salaries and Wages Expense 3,000 5/31 710 5/31 E 3,710 Utilities ExpenseStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started