s Question: 100 pts More Info X Submit s This Quiz: 100 pta pos Reference Interest expense accrued on the notes payable, $50 ice supplies on hand, $105 Dent of one month has been used (nt. See the second Dec. 1 transaction) Determine the depreciation on the building using straight-line depreciation Assume the useful site of the building is five years and the residual value is 85,000 (Hint The building was purchased on December 13 400 of unearned revenue has now been eamed (Assume that the initial earned revenue was reconded as a way) The employee who has been working the rental booth has named $1,250 in wages that wit be paid January 15, 2010 Canyon Canoe has named $1.050 of canoe rental revenue that has not been recorded or received Determine the depreciation on the canoes purchased on November 3 using straight-line depreciation Assume the useful site of the cances is 4 years and the residual value is $0. Determine the depreciation on the canoes purchased on December 2 using straight-line depreciation Assume the useful life of the canoes in 4 years and the residual value is $0. bomber and prepared the following unistusted trial balance at December 31, 2018 the icon to view the unadded trial balance) Reference es (Use separate payablo account.) Casyim Casus Company X Trial Balance December 31, 2018 Balance Nov. 1 Nov. 2 Fecerved $16.000 cash to begin the company and gave capital to Amber Won Signed a lease for a building and paid count Title De Cre 12125 Rox. 3 Purchased cano counts Receivable ce Succes Nov. 4 Purchased office account, $700 1250 Nov. 7 Eamed 3,000 of canoes 2 Nov 13 Paid $1.500 0000 21,000 Nov 15 Won 12.000 Nov 16 Racaived $150 ours Paye T 3.00 Nov 20 Received a $175 cell phone expenses (Use separate payable a) Faya M Print Dons Nov 22 Rented canoes to Early Start Daycane on account 3.000 319 Nov. 26 Paid $1/ count related to the November 3 purcha THE Nov 28 Received from Early Start Daycare for cance rental on November 22 Pay 7300 A Nov 30 Wilson withdrew $100 cash from the business on Cel EN00 Dec. 1 Prepaid $3,000 for the month rent on the warehouse where the company o Dec. 1 Amber corebuted land on the river worth $85,000) and a small banding so ea rentar office (worth $36,000) in exchange for capt the canoes 450 Date c. Determine the depreciation on the building using straight Ine depreciation A Accounts and Explanation Dec. 2 Purchased canoes signing oes payabio for $7.200 o Ratal Revenue Expe Expe 12401 1200 3318 Dec. 4 Purchand office supplies $500 Choose from any list or enter any number in the input feids and then cont Save for Le L Type here to search E Dec. 16 Received 4.500 cash or canon rentals to cat Rented canoes to customers for $3,500, but will be paid at mor Received a $750 diposit Fom a cance ente group that wife the cano PHY Chorm Dec. 9 Dec 15 135 P Business gathers the following information for the adjusting entries: (Click the icon to view the additional information.) Read the requirements. Requirement 1. Journalize and post ine adjusung enines, in the 1-accounts, denote each adjusung amount as Adj. and an account balance as Begin by journalizing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Office supplies on hand, $165. Date Dec. Adj. (a) 31 Accounts and Explanation Debit Credit b. Rent of one month has been used. (Hint: See the second Dec. 1 transaction.) Date Dec. 31 Adj. (b) Accounts and Explanation Debit Credit c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is five years and the residual value im Accounts and Explanation Date Debit Credit Dec. 31 Adi ink Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Read the requirements. d. $400 of unearned revenue has now been earned. (Assume that the initial unearned revenue was recorded as a liability.) Accounts and Explanation Date 31 Dec. Adj. (d) Debit Credit e. The employee who has been working the rental booth has earned $1,250 in wages that will be paid January 15, 2019. Accounts and Explanation Date Dec. Adj. (e) 31 31 Debit Credit f. Canyon Canoe has earned $1,850 of canoe rental revenue that has not been recorded or received. Date Accounts and Explanation Debit Credit Dec. Adj. (1) 31 Choose from any list or enter any number in the input fields and then continue to the next question. The following transactions in November and December and prepared the following unadjusted trial balance at December 31, 2018: (Click the icon to view the November and December transactions.) Click the icon to view the unadjusted trial balance.) At December 31, the business gathers the following information for the adjusting entries: (Click the icon to view the additional information.) Read the requirements. g. Determine the depreciation on the canoes purchased on November 3 using straight-line depreciation. Assume the useful life of the canoes is 4 years and the residual value is SC Accounts and Explanation Date Debit Credit Dec. 31 Adj. (a) h. Determine the depreciation on the canoes purchased on December 2 using straight-line depreciation. Assume the useful life of the canoes is 4 years and the residual value is 50 Accounts and Explanation Date Dec. 31 Adj. (h) Debit Credit 1. Interest expense accrued on the notes payable, $50. Date Dec Ad() 31 Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search 9 www.un 100 pts anyon Canoe Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31, 2018 Click the icon to view the November and December transactions.) Click the icon to view the unadunted trial balinos) December 31, the business gathers the following information for the adjusting entries This Quiz: 10 (Click the icon to view the additional information) Read the requirements The Taccounts, along with their unadjusted balances, have been opened for you. Post the adjustments and then calculate the adjusted balance of each account Dence each editing amount as Ading with the corresponding wit a) Ad (b, etc) and an account balance as Bal (Deer Depreciation) Review the adjusting entries you prepared above Cash 12.125 Accounts Payable Canoe Rental Revieme 3050 B 12.400 Ba Bal Accounts Receivable 5,750 Utilities Payable Rent Expense Bal 1,200 Bal Office Supplies 1,250 Telephone Payable 325B Bal Wages Expense 3,300 Bak Prepaid Rent 3.000 Wages Payable Ustes Expense B B Choose from any list or enter any number in the input fields and then condue to the next question the requirements. Bal. Land Unearned Revenue Telephone Expense 85,000 750 Bal. Bal 500 Building Interest Payable 35,000 0 Bal. Bal. Supplies Expense 0 Accumulated Depr-Building Canoes Bal 12,000 Notes Payable 0 Bal. 7,200 Bal. Bal. Wilson, Capital 136,000 Bal. Bal. Choose from any list or enter any number in the input field Depreciation Expense-Building 0 Depreciation Expense-Canoes 0 Accumulated Depr.-Canoes Wilson, Withdrawals Interest Expense 0 Bal Bal. 450 Bal. 0 Requirement 2. Prepare an adjusted trial balance as of December 31, 2018. Review the ending balances of the T-accounts that you prepared above. Canyon Canoe Company Adjusted Trial Balance Account Title December 31, 2018 Balance Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search 0 (Click the icon to view the November and December transactions. At December 31, the business gathers the following information for the adjusting entries: (Click the icon to view the additional information.) Read the requirements. Total Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search O