$10.00 ACC 200 team assigment week day 7
- From Business: Accounting
- Closed, but you can still post tutorials
- Due on Oct. 23, 2009
- Asked on Oct 22, 2009 at 10:00:27PM
Q:<!-- {12560435243719} -->Problem P3-2A
Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned
units. Its trial balance before adjustment on August 31 is as follows.
NEOSHO RIVER RESORT, INC.
Trial Balance
August 31, 2008
Account Number Debit Credit
101 Cash $ 19,600
126 Supplies 3,300
130 Prepaid Insurance 6,000
140 Land 25,000
143 Cottages 125,000
149 Furniture 26,000
201 Accounts Payable $ 6,500
208 Unearned Rent 7,400
275 Mortgage Payable 80,000
311 Common Stock 100,000
332 Dividends 5,000
429 Rent Revenue 80,000
622 Repair Expense 3,600
726 Salaries Expense 51,000
732 Utilities Expense $273,900 $273,900
