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The following is the unadjusted trial balance for RedRiver Lodge Ltd. at its year end. fulv 31 2021. The company adjusts its accounts monthly. Required:
The following is the unadjusted trial balance for RedRiver Lodge Ltd. at its year end. fulv 31 2021. The company adjusts its accounts monthly. Required: For each of the pieces of additional information below, prepare any adjusting journal entry necessary to bring the accounts up to date as at July 31 , 2021 - On July 31, RedRiver Lodge has earned $1,780 of rent from customers who are currently staying at the lodge. The customers will pay the amount owing only when they check out in early August. ( 1 point) The following is the unadjusted trial balance for RedRiver Lodge Ltd. at its year end, July 31, 2021. The company adjusts its accounts monthly. Required: For each of the pieces of additional information below, prepare adjusting journal entry necessary to bring the accounts up to date as at July 31,2021. - Interest on the mortgage payable is $735 for the month of July and due August 1. (1 point) The following is the unadjusted trial balance for RedRiver Lodge Ltd. at its year end, July 31, 2021. The company adjusts its accounts monthly. Required: Required: For each of the pieces of additional information below, prepare any adjusting journal entry necessary to bring the accounts up to date as at July 31 . 2021 - An annual insurance policy was purchased for the first time on October 1 , 2020, for $10,800 cash. (2 points) The following is the unadjusted trial balance for RedRiver Lodge Ltd. at its year end, July 31, 2021. The company adjusts its accounts monthly. Required: For each of the pieces of additional information below, prepare any adjusting journal entry necessary to bring the accounts up to date as at July 31 , 2021 - Additional income tax is estimated to be $1,000. (1 point)
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