Signed an agreement to let a retired professor move in during the off season for a long stay, beginning today. The monthly rate is $ 3,800 payable at the beginning of each month. The professor paid $ 2,150 cash for the remainder of December . (Record debits first, and then credits. Select the explanation on the last line of the journal entry table.)
Mountaineer Lodge, owned by Brendan Pape, had the following account balances, in random order, on December 15, 2023 (all accounts have their "normal" balances): (Click the icon to view the account balances.) The following events also took place during the final weeks of the year. (Click on the icon to view the events.) Required 1. Where appropriate, record each transaction from December 17 to 29 in the journal. Include an explanation for each entry. 2. Post entries in T-accounts and calculate the balance of each one. 3. Prepare the unadjusted trial balance of Mountaineer Lodge at December 31, 2023 Requirement 1. Where appropriate, record each transaction from December 16 to 29 in the journal. Include an explanation for each entry. debits first, and then credits. Select the explanation on the last line of the journal entry table.) Account Balances Events Dec. 17 Signed an agreement to let a retired professor move in during the off season for a long stay, beginning today. The monthly rate is $3,800 payable at the beginning of each month. The professor paid $2,150 cash for the remainder of December. 18 Collected a $28,000 note owed to Mountaineer and collected interest of $3,600 cash. 21 Purchased boating equipment for $18,000 from Boats Unlimited. Mountaineer Lodge paid $6,200 cash, provided room rentals for $2,600 to Boats Unlimited, and promised to pay the balance in 60 days. 23 Collected $3,100 cash for rooms for a conference held from December 16 to 23 . 24 Mountaineer Lodge paid $1,900 cash owing on the mortgage. 27 Pape withdrew $13,000 cash for personal use. 29 Provided meeting rooms to a lawyer for $2,000. The lawyer paid Mountaineer Lodge $400 cash and provided legal work for the balance. 31 The accountant discovered that an error had been made in posting an entry to the Guest Revenue account. The entry was correctly journalized, but $6,200 was accidently posted as $2,600 in the account. Mountaineer Lodge, owned by Brendan Pape, had the following account balances, in random order, on December 15, 2023 (all accounts have their "normal" balances): (Click the icon to view the account balances.) The following events also took place during the final weeks of the year. (Click on the icon to view the events.) Required 1. Where appropriate, record each transaction from December 17 to 29 in the journal. Include an explanation for each entry. 2. Post entries in T-accounts and calculate the balance of each one. 3. Prepare the unadjusted trial balance of Mountaineer Lodge at December 31, 2023 Requirement 1. Where appropriate, record each transaction from December 16 to 29 in the journal. Include an explanation for each entry. debits first, and then credits. Select the explanation on the last line of the journal entry table.) Account Balances Events Dec. 17 Signed an agreement to let a retired professor move in during the off season for a long stay, beginning today. The monthly rate is $3,800 payable at the beginning of each month. The professor paid $2,150 cash for the remainder of December. 18 Collected a $28,000 note owed to Mountaineer and collected interest of $3,600 cash. 21 Purchased boating equipment for $18,000 from Boats Unlimited. Mountaineer Lodge paid $6,200 cash, provided room rentals for $2,600 to Boats Unlimited, and promised to pay the balance in 60 days. 23 Collected $3,100 cash for rooms for a conference held from December 16 to 23 . 24 Mountaineer Lodge paid $1,900 cash owing on the mortgage. 27 Pape withdrew $13,000 cash for personal use. 29 Provided meeting rooms to a lawyer for $2,000. The lawyer paid Mountaineer Lodge $400 cash and provided legal work for the balance. 31 The accountant discovered that an error had been made in posting an entry to the Guest Revenue account. The entry was correctly journalized, but $6,200 was accidently posted as $2,600 in the account
