This really is Neoshow river Resort Busines

P3-2A Neosho River Vacation resort, Inc. exposed for business upon June 1 with eight air-conditioned products. Its trial balance just before adjustment upon August thirty-one is as employs. NEOSHO RIV RESORT, INCORPORATION. Trial Balance August thirty-one, 2008 Account Number Charge Credit tips Cash dollar 19, six-hundred 126 Products 3, 300 130 Pre-paid Insurance 6, 000 150 Land 25, 000 143 Cottages a hundred and twenty-five, 000 149 Furniture dua puluh enam, 000 201 Accounts Payable $ 6th, 500 208 Unearned Hire 7, 4 hundred 275 Mortgage loan Payable 85, 000 311 Common Stock 100, 000 332 Dividends 5, 000 429 Lease Revenue 85, 000 622 Repair Expense 3, six-hundred 726 Wages Expense 51, 000 732 Utilities Price 9, 4 hundred $273, 900 $273, 900 In addition to people accounts on the trial stability, the graph of makes up about Neosho Lake Resort also contains the pursuing accounts and account numbers: No . 112 Accounts Receivable, No . 144 Accumulated Depreciation—Cottages, No . a hundred and fifty Accumulated Depreciation—Furniture, No . 212 Salaries Payable, No . 230 Interest Payable, No . 320 Retained Revenue, No . 620 Depreciation Expense—Cottages, No . 621 Depreciation Expense—Furniture, No . 631 Supplies Charge, No . 718 Interest Charge, and No. 722 Insurance Expenditure. Other info: 1 . Insurance expires at the rate of $400 a month. 2 . A count on August 31 shows $600 of supplies on hand. 3. Yearly depreciation is $6, 000 upon cottages and $2, 400 on furniture. 4. Unearned rent of $4, 90 was attained prior to September 31. 5. Salaries of $400 were unpaid by August 31. 6. Rentals of $1, 000 had been due coming from tenants in August 23. (Use Accounts Receivable. ) 7. The mortgage interest rate is 9% per year. (The mortgage was taken out about August 1 . ) Guidance (a) Journalize the changing entries upon August 31 for the 3-month period June 1–August 31. (b) Prepare a journal using the three-column form of bank account. Enter the trial balance portions and content the changing entries. (Use J1 because the placing reference. ) (c) Make an adjusted trial harmony on August 31. (d) Prepare an income statement and a stored earnings assertion for the 3 months closing August 23 and a balance sheet as of August 31

(a)

J1

|Date | |Account Titles and Justification | |Ref. | |Debit | |Credit | |Aug. 31 | |Insurance Expense ($400 By 3) | |722 | |1, 2 hundred | | | | | |Prepaid Insurance | |130 | | | |1, 2 hundred | | | | | | | | | | | | 31 | |Supplies Expenditure ($3, three hundred – $600) | |631 | |2, 700 | | | | | |Supplies | |126 | | | |2, seven-hundred | | | | | | | | | | | | 31 | |Depreciation Expense—Cottages | |620 | |1, 500 | | | | | |  ($6, 000 X 1/4) | | | | | | | | | |Accumulated Depreciation— | | | | | | | | | |  Cottages | |144 | | | |1, five-hundred | | | | | | | | | | | | 31 | |Depreciation Expense—Furniture | |621 | |  600...

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