Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wonder Wilderness Company prepared an unadjusted Trail balance at December 31 4 soft Teams ings 365 assions Wonder Widemess Company began operations on November 1,

Wonder Wilderness Company prepared an unadjusted Trail balance at December 31
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
4 soft Teams ings 365 assions Wonder Widemess Company began operations on November 1, 2024 The November and December transactions and the information used to prepare the adjusting res December 31, 2024 follow (Click the icon to view the November and December transactions and the December 31 media) Wonder Wilderness Company prepared an unausted tal balance at December 31, adjusting enotes for the two months ended December 31, and an adjusted til balance t December 31 as follows (Click the icon to view the unadjusted mal balance) (Click the ices to view the ahating pamal ers) Depe Expense-Canoes Homework: Comprel Problem 1-4 onder Wilderness Company bega ecember 31, 2024 follows: (Click the icon to view the Nove Wonder Wilderness Company prepa ecember 31 as follows: (Click the icon to view the unad T Depr. Expense-Canoes Help me solve this Der More info Nov. 1 Nov. 2 Nov. 3 Nov. 4 Nov. 7 Received $20,000 cash to begin the company and issued common stock to Ashlyn and Zain. Signed a lease for a building and paid $1,700 for the first month's rent. Purchased canoes for $6,240 on account. Purchased office supplies on account, $600. Eamed $1,200 cash for rental of cances. Print Done - X 25 to 31, 11 Wonder Wilderness Company bega December 31, 2024 follows: i (Click the icon to view the Nove Wonder Wilderness Company prepa December 31 as follows: (Click the icon to view the unad Depr. Expense-Canoes Help me solve this De Nov. 13 Nov. 15 Nov. 16 Nov. 20 Nov. 22 Nov 26 Daid $2.300. Paid $1,300 cash for wages. Paid $400 dividends to stockholders. Received a bill for $130 for utilities. (Use separate payable account.) Received a bill for $140 for cell phone expenses. (Use separate payable account.) Rented canoes to Adventure Kings on account, $3,500. inanemt salated in the M2 2074 Print Done Homework: Comprel Problem 1-4 der Wilderness Company bega cember 31, 2024 follows: (Click the icon to view the Nove nder Wilderness Company prepa cember 31 as follows: (Click the icon to view the unad epr. Expense-Canoes More info Nov. 26 Nov. 28 Nov. 30 Dec. 1 Paid $2,200 on account related to the November 3, 2024, purchase. Received $1,000 from Adventure Kings for canoe rental on November 22, 2024. Paid $550 dividends to stockholders. Ashlyn and Zain contributed land on the river (worth $60,000) and a small building to use as a rental office (worth $145,000) in exchange for common.etoek Print Done - X 24 25 to 31, 11 prel egar love epa ad er More info Dec. 1 Dec. 2 Dec. 4 Dec. 9 Dec. 15 common stock. Prepaid $5,100 for three months' rent on the warehouse where the company stores the canoes. Purchased canoes signing a notes payable for $6,720. Purchased office supplies on account for $1,000. Received $4,600 cash for canoe rentals to customers. Rented canoes to customers for $3,400, but will be paid next month. Print Done - X prel bega Nove prepa unad Der More info Dec. 16 Dec. 18 Dec. 19 Dec. 20 Dec. 31 - X Received a $950 deposit from a canoe rental group that will use the canoes next month. Paid the utilities and telephone bills from last month. Paid various accounts payable, $1,500. Received bills for the telephone ($320) and utilities ($220) which will be paid later. Paid wages of $2,100. Print Done Homework: Comprel Problem 1-4 Wonder Wilderness Company bega December 31, 2024 follows: (Click the icon to view the Nove Wonder Wilderness Company prepa December 31 as follows: (Click the icon to view the unad Depr. Expense-Canoes Help me solve this Der More info Dec. 31 Paid cash dividend to stockholders, $650. Data used for the adjusting entries at December 31 follows: a. Office supplies on hand, $150 b. Rent of one month has been used. (Hint: See Dec. 1 transaction) c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is 10 years and the residual value is Print Done X heWork: Comprel Problem 1-4 der Wilderness Company bega ember 31, 2024 follows: Click the icon to view the Nove der Wilderness Company prepa ember 31 as follows: Click the icon to view the unad Expense-Canoes elp me solve this Der More info Assume the useful life of the building is 10 years and the residual value is $25,000. (Hint: The building was purchased on December 1.) d. $100 of unearned revenue has now been earned. e. The employee who has been working the rental booth has earned $1,150 in wages that will be paid January 15, 2025. f. Wonder Wilderness has earned $1,200 of canoe rental revenue that has not been recorded or received. g. Determine the depreciation on the canoes purchased on November 3 using Print Done - X @ 24.57 o 25 to prepar 31, and and Sign c Homework: Comprel Problem 1-4 der Wilderness Company bega mber 31, 2024 follows: Click the icon to view the Nove er Wilderness Company prepa mber 31 as follows: Click the icon to view the unad Expense-Canoes ome solve this Der More info - X 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, $30. Print Done Reference Problem AVA, LUE ick the ico -Wildernes per 31 as f ck the ico ack the ico requirem nonca me solve uns Demodocs example Account Title Wonder Wilderness Company Unadjusted Trial Balance December 31, 2024 Print Get more teip. Debit Done Balance Credit Clear an

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Costing

Authors: Terry Lucey

5th Edition

1858051657, 9781858051659

More Books

Students also viewed these Accounting questions

Question

=+10. Did you clearly project the brand's USP?

Answered: 1 week ago