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@ Salt Creek Golf Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary
@ Salt Creek Golf Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022 is shown as follows. The $14,800 in the revenue column includes Service Revenue: $14,100 and Rent Revenue: $700. The $10,170 in the expense column includes Salaries and Wages $8,800, Rent $900, and Utilities $470. Assets Liabilities Stockholders' Equity Cash Accts. + Rec. Prepd. + Supplies + Rent + Equip. Acc. Depr.- Notes Equip. = Pay. + Accts. Pay. Sal./Wages Pay. Int. + Pay + Unearn. Rent. Retained Earnings Com. Rev. + Stock + Rev. Exp. Div 6,700 + 400 + 1,200 + 1,800 + 15,000 0 = 5,000 + 1,070 + 0 + 0 + 1,000 + 14,000 + 14,800 10,170 600 1. 2. 3. 4. 5. 6. 7 Bal. 6,700 + 1,000 + 180 + 900+ 15,000 - 350 = 5,000 + 1,070 + 600 + 50+ 800 + 14,000 + 15,600 - 13,090 600
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