Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz help me The six-column table for the Hook and Shank Driving Range includes the adjusted trial balance of December 31, 2008 HOOK AND SHANK

image text in transcribed

plz help me

The six-column table for the Hook and Shank Driving Range includes the adjusted trial balance of December 31, 2008 HOOK AND SHANK RANGE UN-ADJUSTED TRIAL BALANCE DECEMBER 31, 2009 Unadjusted Trial Ral Dr CE 84,000 Adjustments Dr Cr Adjusted Trial Bal Dr Cr 6,500 215,000 70,000 Account Title Cash Accounts Receivable Supplies Equipment Accumulated Dep Equipment Interest Payable Salaries Payable Unearned membership fees Notes Payable B. Fog, Capital B Flop. Withdrawals Membership Fees Earned Depreciation Expense Equip Salaries Espense Interest Expense Supplies Expense Total 5,000 45,000 60.160 15,000 156,100 15,000 1.060 336,360 336,560 2. Required: 1) Prepare journal entries for the adjustments for the following transactions to be entered in the above Adjusted Trial Balance (10 Points) As of December 31, 2008, employees had earned 52,450 of unpaid and unrecorded salaries. The pavable is January 4, at which time 53.600 of salaries will he paid b. The cost supplies still available at December 31, 2008, is $2.000 The note payable requires an interest payment to be made three months. The amount of unrecorded accrued interest at December 31, 2005, is $1.600. The nest interest payment, at an amount of 3.100, due on January 15, 2009 d Analysis of the uneared member fees shows 5900 remaining unearned at December 31, 2008 Depreciation expense for the year is $6.000 Enter the adjusting entries from above in the adjustment column of the trial balance and complete the six column Adjusted Trial balance as of December 31, 2008 (10 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting History And The Rise Of Civilization, Volume II

Authors: Gary Giroux

1st Edition

163157793X, 9781631577932

More Books

Students also viewed these Accounting questions