Professional Documents
Culture Documents
31
31
31
Ref.
Debit
722
130
1,200
631
126
2,700
Depreciation ExpenseCottages.........................
($6,000 X 1/4)
Accumulated Depreciation
620
1,500
Credit
1,200
2,700
31
31
31
31
31
Cottages...................................................
144
1,500
Depreciation ExpenseFurniture........................
($2,400 X 1/4)
Accumulated Depreciation
Furniture.................................................
621
Unearned Rent.......................................................
Rent Revenue..............................................
208
429
4,100
Salaries Expense.....................................................
Salaries Payable..........................................
726
212
400
Accounts Receivable..............................................
Rent Revenue..............................................
112
429
1,000
Interest Expense.....................................................
Interest Payable..........................................
[($80,000 X 9%) X 1/12]
718
230
600
600
150
600
4,100
400
1,000
600
(b)
Cash
Date
Aug.
No. 101
Explanation
31 Balance
Accounts Receivable
Ref.
Debit
Credit
Balance
19,600
No. 112
Date
Aug.
Explanation
31 Adjusting
Ref.
Debit
J1
1,000
Credit
1,000
Supplies
Date
Aug.
No. 126
Explanation
31 Balance
31 Adjusting
Ref.
Debit
J1
Credit
Balance
2,700
3,300
600
Prepaid Insurance
Date
Aug.
Explanation
31 Balance
31 Adjusting
No. 130
Ref.
Debit
J1
Credit
Balance
1,200
6,000
4,800
Land
Date
Aug.
No. 140
Explanation
31 Balance
Ref.
Debit
Credit
Aug.
Balance
25,000
Cottages
Date
Balance
No. 143
Explanation
31 Balance
Ref.
Debit
Credit
Balance
125,000
Accumulated DepreciationCottages
Date
Aug.
Explanation
31 Adjusting
No. 144
Ref.
Debit
J1
Credit
Balance
1,500
1,500
Furniture
Date
Aug.
No. 149
Explanation
31 Balance
Accumulated DepreciationFurniture
Date
Aug.
Explanation
31 Adjusting
Ref.
Debit
Credit
26,000
No. 150
Ref.
Debit
J1
Credit
Balance
600
600
Accounts Payable
Date
Aug.
Explanation
31 Balance
No. 201
Ref.
Debit
Credit
Aug.
Explanation
31 Balance
Balance
6,500
Unearned Rent
Date
Balance
No. 208
Ref.
Debit
Credit
Balance
7,400
31 Adjusting
J1
4,100
3,300
Salaries Payable
Date
Aug.
Explanation
31 Adjusting
No. 212
Ref.
Debit
J1
Credit
400
Interest Payable
Date
Aug.
Explanation
31 Adjusting
Aug.
Explanation
31 Balance
Ref.
Debit
J1
Credit
Balance
600
600
No. 275
Ref.
Debit
Credit
Aug.
Explanation
31 Balance
No. 311
Ref.
Debit
Credit
Balance
100,000
Dividends
Date
Balance
80,000
Common Stock
Date
400
No. 230
Mortgage Payable
Date
Balance
No. 332
Explanation
Ref.
Debit
Credit
Balance
Aug.
31
Balance
5,000
Rent Revenue
Date
Aug.
Explanation
31
31
31
Balance
Adjusting
Adjusting
No. 429
Ref.
Debit
J1
J1
Credit
Balance
4,100
1,000
80,000
84,100
85,100
Depreciation ExpenseCottages
Date
Aug.
Explanation
31
Adjusting
No. 620
Ref.
Debit
J1
1,500
Credit
1,500
Depreciation ExpenseFurniture
Date
Aug.
Explanation
31
Adjusting
No. 621
Ref.
Debit
J1
600
Credit
Aug.
Explanation
31
Balance
Balance
600
Repair Expense
Date
Balance
No. 622
Ref.
Debit
Credit
Balance
3,600
Supplies Expense
Date
Aug.
Explanation
31
Adjusting
No. 631
Ref.
Debit
J1
2,700
Credit
2,700
Interest Expense
Date
Aug.
Explanation
31
Adjusting
No. 718
Ref.
Debit
J1
600
Credit
Aug.
Explanation
31
Adjusting
No. 722
Ref.
Debit
J1
1,200
Credit
Aug.
Explanation
31
31
Balance
Adjusting
No. 726
Ref.
J1
Debit
Credit
Aug.
Explanation
31
Balance
Balance
51,000
51,400
400
Utilities Expense
Date
Balance
1,200
Salaries Expense
Date
Balance
600
Insurance Expense
Date
Balance
No. 732
Ref.
Debit
Credit
Balance
9,400
(c)
Cash..............................................................................................
Accounts Receivable...................................................................
Supplies........................................................................................
Prepaid Insurance.......................................................................
Land.............................................................................................
Cottages.......................................................................................
Accumulated DepreciationCottages......................................
Furniture.....................................................................................
Accumulated DepreciationFurniture....................................
Accounts Payable........................................................................
Unearned Rent............................................................................
Salaries Payable..........................................................................
Interest Payable..........................................................................
Mortgage Payable.......................................................................
Common Stock............................................................................
Dividends.....................................................................................
Rent Revenue..............................................................................
Depreciation ExpenseCottages..............................................
Depreciation ExpenseFurniture............................................
Debit
$ 19,600
1,000
600
4,800
25,000
125,000
Credit
$ 1,500
26,000
600
6,500
3,300
400
600
80,000
100,000
5,000
85,100
1,500
600
Repair Expense...........................................................................
Supplies Expense.........................................................................
Interest Expense..........................................................................
Insurance Expense......................................................................
Salaries Expense.........................................................................
Utilities Expense..........................................................................
(d)
3,600
2,700
600
1,200
51,400
9,400
$278,000
$278,000
$ 85,100
$51,400
9,400
3,600
2,700
1,500
1,200
600
600
71,000
$ 14,100
0
14,100
14,100
5,000
$ 9,100
$19,600
1,000
600
4,800
25,000
$125,000
1,500
26,000
123,500
600
25,400
$199,900
$6,500
80,000
3,300
600
400
90,800
$100,000
9,100
109,100
$199,900