Score: 1.78 of 10 pts 1 of 1 (1 complete) % CP3-46 (similar to) Tree Top Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December (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 The T-accounts, along with their unadjusted balances have been opened for you Post the adjustments and then calculate the adjusted balance of each Adj. (b), etc) and an account balance as Bal(Depr. = Depreciation) Review the adjusting entries you prepared above. Accounts Payable Bal 18,690 3,660 Bal 12,400 Bal Cash Canoe Rental Revenue Accounts Receivable Utilities Payable 260 Bal Bal 5,700 Bal Rent Expense 1,700 1700 Office Supplies Telephone Pavable Wages Expense Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Clear All W CP3-46 (similar to) Tree Top Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 3 (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 Office Supplies 900 Telephone Payable 270 Bal Wages Expense 2,700 Bal Bal Wages Payable Prepaid Rent 5,100 Bal Utilities Expense 360 0 Bal Bal Land Unearned Revenue Bal 105,000 Telephone Expense 430 700 Bal Bal Choose from any list or enter any number in the input fields and then click Check Answer. CP3-46 (similar to) Tree Top Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31, 2 (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 Interest Payable Building 171,000 Supplies Expense 0 Bal O Bal Bal Accumulated Depr.-Building O Bal Notes Payable 7,680 Bal Depreciation Expense-Building Bal 0 Canoes Common Stock Depreciation Expense-Canoes Bal 13,440 301,000 Bal Bal 0 hun W CP3-46 (similar to) Tree Top 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 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 Canoes 13,440 Common Stock 301,000 Bal Depreciation Expense-Canoes Bal 0 Bal Dividends Accumulated Depr.-Canoes Interest Expense O Bal Bal 950 Bal 0 Choose from any list or enter any number in the input fields and then click Check Answer -X A Reference Nov. 1 Received $25,000 cash to begin the company and issued common stock to Alice and Ziggy 2 Signed a lease for a building and paid $1,700 for the first month's rent. 3 Purchased canoes for $5,760 on account. 4 Purchased office supplies on account, $500. 7 Earned $1,600 cash for rental of canoes. 13 Paid $1,000 cash for wages. 15 Paid $250 dividends to stockholders. 16 Received a bill for $100 for utilities. (Use separate payable account.) 20 Received a bill for $160 for cell phone expenses. (Use separate payable account.) 22 Rented canoes to Little Lake on account, $3,300. 26 Paid $2,000 on account related to the November 3, 2018, purchase 28 Received $800 from Little Lake for canoe rental on November 22, 2018 30 Paid $300 dividends to stockholders Dec. 1 Alice and Ziggy contributed land on the river (worth $105,000) and a small building to use as a rental office (worth $171,000) in exchange for common stock 1 Prepaid $5,100 for three months' rent on the warehouse where the company stores the canoes 2 Purchased canoes signing a notes payable for $7,680 4 Purchased office supplies on account for $400 9 Received $4,300 cash for canoe rentals to customers. 40 utan fann hulle Print Done Clear All CH TU T au ZJ UIViucnus w JWCNTIUIUCIS. 16 Received a bill for $100 for utilities. (Use separate payable account.) 20 Received a bill for $160 for cell phone expenses. (Use separate payable account.) 22 Rented canoes to Little Lake on account, $3,300. 26 Paid $2,000 on account related to the November 3, 2018, purchase. 28 Received $800 from Little Lake for canoe rental on November 22, 2018 30 Paid $300 dividends to stockholders. Dec. 1 Alice and Ziggy contributed land on the river (worth $105,000) and a small building to use as a rental office (worth $171,000) in exchange for common stock 1 Prepaid $5,100 for three months' rent on the warehouse where the company stores the canoes 2 Purchased canoes signing a notes payable for $7,680. 4 Purchased office supplies on account for $400. 9 Received $4,300 cash for canoe rentals to customers. 15 Rented canoes to customers for $3,200, but will be paid next month. 16 Received a $700 deposit from a canoe rental group that will use the canoes next month. 18 Paid the utilities and telephone bills from last month. 19 Paid various accounts payable, $1,000. 20 Received bills for the telephone ($270) and utilities ($260) which will be paid later. 31 Paid wages of $1,700. 31 Paid cash dividend to stockholders, $400. Print Done 1 of 1 (1 complete) Reference Tree Top Company Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit $ 18,690 5,700 900 Cash Accounts Receivable Office Supplies Prepaid Rent Canoes Land Building Accounts Payable Utilities Payable Telephone Payable Unearned Revenue Notes Payable 5,100 13,440 105,000 171,000 $ 3,660 260 270 700 7,680 Print Done Clear All 1 of 1 (1 complete) i Reference je Prepaid Rent Canoes Land 5,100 13,440 105,000 171,000 $ 3,660 260 270 700 Building Accounts Payable Utilities Payable Telephone Payable Unearned Revenue Notes Payable Common Stock Dividends Canoe Rental Revenue Rent Expense Wages Expense Utilities Expense Telephone Expense 7,680 301,000 950 12,400 1,700 2,700 0 360 430 S 325,970 $ 325,970 Total Print Done Clear All a. Office supplies on hand, $100 b. Rent of one month has been used. (Hint: See the second Dec. 1 transaction.) c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is ten years and the residual value is $15,000. (Hint: The building was purchased on December 1.) d. $650 of unearned revenue has now been earned. (Assume that the initial unearned revenue was recorded as a liability) e. The employee who has been working the rental booth has earned $1,200 in wages that will be paid January 15, 2019. f. Tree Top has earned $1,100 of canoe rental revenue that has not been recorded or received. 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 $0. 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 $0. i. Interest expense accrued on the notes payable, $80. Print Done