Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored 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