to enable you to apply the knowledge you have acquired in the is des accounting, the ultimate test is being able to handle data in real- ulnulg Cycle Review: Problem A rs nroblem will give you valuable experience. ing chapters. In acte giruations Thisobuntingyou AT OF ACCOUNTS Cash nts Receivable 411 Income from Services I Accounts Receivable Insurance Aeaumated Depreciation, pool/Slide Facility zzu Land 511 Pool Maintenance Expense 512 Wages Expense 513 Advertising Expense 514 Utilities Expense 515 Interest Expense 517 Insurance Expense 518 Depreciation Expense. Building 519 ing led Depreciation, Pool/ e Slide Pool Furniture 25 Accumul Expense Facility iation, Pool Accumulated reciation Furniture Facility 520 Depreciation Expense. Accounts Payable 2 Wages Payable Furniture Pool 522 Miscellaneous Expense Mortgage Payable L Judar Capital Income Summary owner's Equity 12 L Judar, Drawing cord transactions in a two-column general journal. Assume that the fiscal so re tore month. You will then be able to complete all of the steps in the accounting are analyzing the transactions, think them through by visualizing the When faccounts or ctins, specifi c instructions for recording them are included. However, reason f as well. Check off each transaction as it is recorded. osited $135,000 in a bank account for the purpose of buying Blast ness is a recreation area offering three large waterslides (called tubes")-one children's slide, an inner tube run, and a looping extreme slide. 2 Bought Blast Off! in its entirety for a total price of $540,800. The assets 1 Judar include pool furniture, $3,800; the pool/slide facility (includes filter system, pools, pump, and slides), $148,800; building, $96,200; and land, $292,000. Paid $120,000 down and signed a mortgage note for the remainder 2 Received and paid the bill for a one-year premium for insurance, $12.240. Continued) to enable you to apply the knowledge you have acquired in the is des accounting, the ultimate test is being able to handle data in real- ulnulg Cycle Review: Problem A rs nroblem will give you valuable experience. ing chapters. In acte giruations Thisobuntingyou AT OF ACCOUNTS Cash nts Receivable 411 Income from Services I Accounts Receivable Insurance Aeaumated Depreciation, pool/Slide Facility zzu Land 511 Pool Maintenance Expense 512 Wages Expense 513 Advertising Expense 514 Utilities Expense 515 Interest Expense 517 Insurance Expense 518 Depreciation Expense. Building 519 ing led Depreciation, Pool/ e Slide Pool Furniture 25 Accumul Expense Facility iation, Pool Accumulated reciation Furniture Facility 520 Depreciation Expense. Accounts Payable 2 Wages Payable Furniture Pool 522 Miscellaneous Expense Mortgage Payable L Judar Capital Income Summary owner's Equity 12 L Judar, Drawing cord transactions in a two-column general journal. Assume that the fiscal so re tore month. You will then be able to complete all of the steps in the accounting are analyzing the transactions, think them through by visualizing the When faccounts or ctins, specifi c instructions for recording them are included. However, reason f as well. Check off each transaction as it is recorded. osited $135,000 in a bank account for the purpose of buying Blast ness is a recreation area offering three large waterslides (called tubes")-one children's slide, an inner tube run, and a looping extreme slide. 2 Bought Blast Off! in its entirety for a total price of $540,800. The assets 1 Judar include pool furniture, $3,800; the pool/slide facility (includes filter system, pools, pump, and slides), $148,800; building, $96,200; and land, $292,000. Paid $120,000 down and signed a mortgage note for the remainder 2 Received and paid the bill for a one-year premium for insurance, $12.240. Continued)
