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CH 3.2 Acct

This document contains journal entries and trial balance information for Tyler Gipson's Intermediate Accounting class. It includes journal entries dated January 31st and August 31st recording various revenue, expense, asset and liability accounts. The adjusted trial balance section lists account balances as of August 31, 2014 for Greco Resort, including assets, liabilities, equity, revenue and expense accounts.

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Tyler Gipson
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61 views6 pages

CH 3.2 Acct

This document contains journal entries and trial balance information for Tyler Gipson's Intermediate Accounting class. It includes journal entries dated January 31st and August 31st recording various revenue, expense, asset and liability accounts. The adjusted trial balance section lists account balances as of August 31, 2014 for Greco Resort, including assets, liabilities, equity, revenue and expense accounts.

Uploaded by

Tyler Gipson
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Tyler Gipson

Intermediate Accounting
ACT 2; X 6, 7, 8, 10

X-6

Date
31-Jan
31-Jan
31-Jan
31-Jan
31-Jan
31-Jan

X-7

a)

Accounts Receivable
Service Revenue
Utilities Expense
Accounts Payable
Depreciation Expense
Accumulated Depr. - Equipment
Interest Expense
Interest Payable
Insurance Expense
Prepaid Insurance
Supplies Expense
Supplies

Supplies
$
700.00
Supplies expense
$
950.00
Supplies Purchase (-)
$
850.00
Supplies Jan. 1
$
800.00
b)
Prepaid Insurance
$ 4,800.00
Used
$ 2,400.00
Bought on August 1
c)
Salaries paid in Jan
$ 2,500.00
S & W expense (-)
$ 1,800.00
$
700.00
S & W payable Jan
$
800.00
Dec. S & W payable
$ 1,500.00
d)
Revenue
$ 2,000.00
Money Earned in Jan for serv (-)
$ 1,600.00
Unearned Rev Rec. From Dec.
$
400.00
Unearned Rev
$
750.00
Dec. Unearned Rev
$ 1,150.00

Debit
$

750.00

520.00

400.00

500.00

12,000.00

1,100.00

X-8

Date
31-Aug
31-Aug
31-Aug
31-Aug

X-10

Date
31-Aug
31-Aug
31-Aug

31-Aug
31-Aug
31-Aug
31-Aug

Wages Expense
Wages Payable
Utilities Expense
Utilities Payable
Interest Expense
Cash
Utilities Expense
Utilities Payable

Insurance Expense
Prepaid Insurance
Supplies Expense
Supplies
Deprecation Expense
Accumulated Depr. - Buildings
Deprecation Expense
Accumulated Depr. - Equipment
Unearned Rent Revenue
Rent Revenue
Salaries & W Expense
Salaries & W Payable
Accounts Receivable
Rent Payable
Interest Expense
Interest Payable

Debit
$
1,900.00
$

600.00

200.00

117.00

Debit
$
1,125.00
$

2,150.00

1,080.00

360.00

3,800.00

375.00

800.00

1,200.00

Unearned Rent Rev


3,800.00 $ 4,600.00
Salaries & W Exp
$ 44,800.00
$
375.00

Prepaid Insurance
$4,500.00 $
1,125.00

Supplies
2,600.00 $
2,150.00
Rent Rev
$ 76,200.00
$
3,800.00

GRECO RESORT
Adjusted Trial Balance
August 31, 2014
Cash
Accounts Receivable
Prepaid Insurance
Supplies
Land
Buildings
Equipment
Accounts Payable
Rent Payable
Interest Payable
Mortgage Payable
Salaries and Wages Payable
Unearned Rent Revenue
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
Common Stock
Retained Earnings
Dividends
Rent Revenue
Depreciation Expense - Buildings
Depreciation Expense - Equipment
Insurance Expense
Interest Expense
Maintenance and Repairs Expense
Salaries and Wages Expense
Supplies Expense
Utilities Expenses

Debit
$ 19,600.00
$
800.00
$
3,375.00
$
450.00
$ 20,000.00
$ 120,000.00
$ 16,000.00

5,000.00

$
1,080.00
$
360.00
$
1,125.00
$
1,200.00
$
3,600.00
$ 45,175.00
$
2,150.00
$
9,200.00
$ 249,115.00

Credit
$

750.00

520.00

400.00

500.00

12,000.00

1,100.00

Credit
$

1,900.00

600.00

200.00

117.00

Credit
$

1,125.00

2,150.00

1,080.00

360.00

3,800.00

375.00

800.00

1,200.00

Cash

Service Revenue

5912
450

Credit

Accts. Rec.
5240
450

Equipment
6100
3200

$
$
$
$
$
$
$
$
$
$

4,500.00
800.00
1,200.00
60,000.00
375.00
800.00
1,080.00
360.00
91,000.00
9,000.00

80,000.00

$ 249,115.00

190

5200
2025
80
Office Expense
4320
3200

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