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unfortunately i dont have a better picture. I dont need a full solution, so can you please just do what you can? Manhattan Park adjusts
unfortunately i dont have a better picture. I dont need a full solution, so can you please just do what you can?
Manhattan Park adjusts and closes its books code on December 31 balance at Dec 31, 2010, before adjustments, follow Cred Debit Cash 584,400 Supplies 2.800 Prepaid Rent 17.000 Unexpired Insurance 9,600 Equipment 36.000 Accumulated Depreciation: Equipment Tas Payable Uncamed Admission Revenue Note Payable Share Capital Retained Earnings Admissions Recone Locome Tax Egens 9,000 Salaries Expense 13.100 Utilities Expen 2.600 Rot Espoon 8.900 Latest Expense 2.200 518560 $3,400 1.000 21,000 50,000 39.000 13,700 55,500 5185.600 1. The paid on Jan 1, 2010 to cover 15 months 2 danas ne puid every week on Friday. The year cad December 31, fell on day Salaries med by employees, but not recorded or paid of Dember 19, 2010, amount to $ 1.800. 3.8 we prepaid on June 1, 2010. and Dec 31, 2010 2500 Feo collected in advance were med during 2010 The life of the app was estimated to be 20 years with no residual RV=0 for the $10.50 The company borrowed 550,000 on January 1, 2010 from the local bank signed a note, payable in two years. The company pays the interest that werelin the prior month on the first day of the following month. For example, the interent that accrucs during January is paid on February 1", and so on, Instructions: 1. Prepare the necessary adjusting entries at December 31, 2010. 2. Determine the amount of rent paid on June 1, 2010, 3. Determine the number of year that the equipment has been used as of December 31, 2010, 4. Determine the average monthly rent expense during 2010 5. Determine the amount of tax expense paid during the year Step by Step Solution
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