NEOSHO RIVER RESORT, INC. Trial Balance August 31, 2008 Account Number Debit Cre
ID: 2379258 • Letter: N
Question
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 9,400
$273,900 $273,900
In addition to those accounts listed on the trial balance, the chart of accounts for Neosho River
Resort also contains the following accounts and account numbers: No. 112 Accounts Receivable,
No. 144 Accumulated Depreciation
Explanation / Answer
ADJUSTED TRIAL BALANCE
Account's Name
Debit Amount
Credit Amount
Accounts payable
6,500
cottage
12500
Prepaid Insurance6000-400
5600
Supplies3300-600
2700
Land
25,000
Cash
19600
Common stock
100,000
Unearned rent revenue7400-4100
3300
Rent revenue80000+4100
84100
Salaries expenses51000+400
51400
unearned rent
7400
Accumulated Dep -cotage
6000
Furniture
26000
Mortgage Payable
80,000
Utilities expense
9400
Salaries payable
400
Insurance Expense
400
Supplies expenses
2700
Depreciation exp -lodge
6000
Depreciation exp -Furniture
3000
Accumulated Dep -Furniture
3000
Interest Mortgage80000*9%
7200
Interest Mortgage - payable
7200
ADJUSTED TRIAL BALANCE
Account's Name
Debit Amount
Credit Amount
Accounts payable
6,500
cottage
12500
Prepaid Insurance6000-400
5600
Supplies3300-600
2700
Land
25,000
Cash
19600
Common stock
100,000
Unearned rent revenue7400-4100
3300
Rent revenue80000+4100
84100
Salaries expenses51000+400
51400
unearned rent
7400
Accumulated Dep -cotage
6000
Furniture
26000
Mortgage Payable
80,000
Utilities expense
9400
Salaries payable
400
Insurance Expense
400
Supplies expenses
2700
Depreciation exp -lodge
6000
Depreciation exp -Furniture
3000
Accumulated Dep -Furniture
3000
Interest Mortgage80000*9%
7200
Interest Mortgage - payable
7200
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.