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NEOSHO RIVER RESO

August 31, 2011

No.

Trial Balance

Account Tittle

101
126
130
140
143
149
201
209
225
311
332
429
622
726
732

Cash
Supplies
Prepaid Insurance
Land
Cottages
Furniture
Account Payable
Unearned Revenue
Mortgage Payable
Share Capital-Ordinary
Dividens
Rent Revenue
Repair Expense
Salaries Expense
Utilities Expense
Total

117
144
150
212
230
320
620
621
631
718
722

Account Receivable
Accumulated Depreciation-Cottage
Accumulated Depreciation-Furniture
Salaries Payable
Interest Payable
Retained Earnings
Depreciation Expense-Cottage
Depreciation Expense-Furniture
Supplies Expense
Interest Expense
Insurance expense
Total

Debit
19,600
3,300
6,000
25,000
125,000
26,000

Credit

Adjusting
Trial Balance
Debit
19,600
2,700
5,600
25,000
125,000
26,000

6,500

7,400

80,000
100,000

5,000

5,000

80,000

3,600

51,000

9,400

273,900 273,900

3,600
51,400
9,400

1,000

6,000
2,400
600
600
400

1,000

6,000
2,400
600
600
400
284,300

6,000
2,400
400
600
4,100

SHO RIVER RESORT, INC


August 31, 2011
Adjusting
Trial Balance
Credit

Income
Statement
Debit
Credit

Retained Earning
Statement
Debit
Credit

Statement
of Financial Position
Debit
###
###
###
###
119,000

23,600

6,500

3,300

80,000
100,000
###

81,000

81,000

3,600
51,400
9,400

###

6,000
2,400
400
600
4,100

6,000

2,400

600

600

400
284,300
74,400
Nett Income

###

81,000
6,600

Total

5,000
Retained
Earnings

6,600
10,700
5,700
Total

196,500

Statement
of Financial Position
Credit

6,500

3,300

80,000
100,000

400
600

5,700

196,500

P3-1A

General Journal
Date
June, 30

Account Title And Explanation


Supplies Expense
Supplies

Ref
631
126

June, 30

Utilities Expense
Utilities Payable

732
244

June, 30

Insurance Expense
Prepaid Insurance

722
130

June, 30

Unearned Service Revenue


Service Revenue

209
400

June, 30

Salaraies Expense
Salaraies Payable

726
212

June, 30

Depreciation Expense
Accumulated Depreciation-Office Equipment

711
158

June, 30

Account Receivable
Service Revenue

112
400

MASASI COMPANY, INC.


Adjusted Trial Balance
June 30, 2011
Cash
Account Receivable
Supplies
Prepaid Insurance
Office Equipment
Accumulated Depreciation-Office Equipment
Account Payable
Unearned Service Revenue
Salaries Payable
Utilities Payable
Share Capital-Ordinary
Service Revenue
Supplies Expense
Depreciation Expense
Insurance Expense
Salaries Expense

$
$
$
$
$

Debit
7,150
7,000
600
2,750
15,000

$
$
$
$

1,400
250
250
6,000

Rent Expense
Utilities Expense
Total

$
$
$

1,000
150
41,550

J3
Debit
$
1,400

Credit
$ 1,400

150

250
250

Date
June, 30
June, 30

2,000
$ 2,000

Date
June, 30
June, 30

Account Receivable
Explanation
Ref
Debit
Balance
Adjusting
J3
$ 1,000

Supplies
Explanation
Ref
Balance
Adjusting
J3

Debit

General Ledger

250
$

Debit

General Ledger

2,500
$ 2,500

Explanation
Balance

Cash
Ref

General Ledger

$
$

Date
June, 30

150
$

General Ledger

250

1,000
$ 1,000

Date
June, 30
June, 30

Prepaid Insurance
Explanation
Ref
Debit
Balance
Adjusting
J3

General Ledger
Office Equipment
Date
June, 30

Explanation
Balance

Ref

Debit

Credit

General Ledger
Accumulated Depreciation-Office Equipment
Date
Explanation
Ref
Debit
June, 30
Adjusting
J3
$
$
$
$
$
$
$

250
4,500
1,500
2,000
150
21,750
11,400

General Ledger
Date
June, 30

Account Payable
Explanation
Ref
Debit
Balance

General Ledger
Date
June, 30
June, 30

Unearned Service Revenue


Explanation
Ref
Debit
Balance
Adjusting
J3
$ 2,500

General Ledger
$

41,550

Date
June, 30

Salaries Payable
Explanation
Ref
Debit
Adjusting
J3

General Ledger
Credit

No.101
Balance
$ 7,150

Date
June, 30

Utilities Payable
Explanation
Ref
Debit
Adjusting
J3

General Ledger

le
Credit

No.112
Balance
$ 6,000
$ 7,000

Date
June, 30

Share Capital-Ordinary
Explanation
Ref
Debit
Balance

General Ledger

r
Credit
$ 1,400

No.126
Balance
$ 2,000
$
600

Date
June, 30
June, 30
June, 30

Service
Explanation
Balance
Adjusting
Adjusting

Revenue
Ref
Debit
J3
J3

General Ledger

e
Credit
$

250

No.130
Balance
$ 3,000
$ 2,750

Date
June, 30

Supplies Expense
Explanation
Ref
Debit
Adjusting
J3
$ 1,400

General Ledger

Depreciation Expense

t
Credit

No.157

Date

Balance
$ 15,000

June, 30

Explanation

Ref

Adjusting

J3

Debit
$

250

General Ledger

ffice Equipment
Credit
$
250

No.158
Balance
$
250

Date
June, 30

Insurance Expense
Explanation
Ref
Debit
Adjusting
J3
$
250

General Ledger

e
Credit

No.201
Balance
$ 4,500

Date
June, 30
June, 30

Salaries Expense
Explanation
Ref
Debit
Balance
Adjusting
J3
$ 2,000

General Ledger

venue
Credit

No.209
Balance
$ 4,000
$ 1,500

Date
June, 30

Rent Expense
Explanation
Ref
Balance

General Ledger

Debit

e
Credit
$ 2,000

No.212
Balance
$ 2,000

Date
June, 30

Utilities Expense
Explanation
Ref
Debit
Adjusting
J3
$
150

e
Credit
$
150

No.244
Balance
$
150

nary
Credit

No.311
Balance
$ 21,750

e
Credit
$ 2,500
$ 1,000

No.400
Balance
$ 7,900
$ 10,400
$ 11,400

e
Credit

No.631
Balance
$ 1,400

nse

No.711
Credit

Balance
$

250

se
Credit

No.722
Balance
$
250

e
Credit

No.726
Balance
$ 4,000
$ 6,000

Credit

No.729
Balance
$ 1,000

e
Credit

No.732
Balance
$
150

P3-2A

General Journal
Date
Aug, 31

Aug, 31

Account Title And Explanation

Ref
722
130

Insurance Expense ( 400 x 3)


Prepaid Insurance
Supplies Expense ( 3.300 - 600)
Supplies

631

Aug, 31

Depreciation Expense-Cottages ( 6.000 x 1/4)


Accumulated Depreciation-Cottages

620
144

Aug, 31

Depreciation-Expense-Furniture ( 2.400 x 1/4)


Accumulated Depreciation-Furniture

621
150

Aug, 31

Unearned Revenue
Rent Revenue

209
429

Aug, 31

Salaries Expense
Salaries Payable

726
212

Aug, 31

Account Receivable
Rent Revenue

112
429

Aug, 31

Interest Expense
Interest Payable ( 80.000 x 9%) x 1/12

718
230

126

NEOSHO RIVER RESORT, INC.


Adjusting Trial Balance
August 31, 2011
Cash
Account Receivable
Supplies
Prepaid Insurance
Land
Cottages

Debit
19,600
1,000
600
4,800
25,000
125,000

26,000

Accumulated Depreciation-Cottages
Furniture
Accumulated Depreciation-Furniture
Account Payable
Unearned Rent Revenue
Salaries Payable
Interest Payable

Mortgage Payable
Share Capital-Ordinary
Dividens
Rent Revenue
Depreciation Expense-Cottages
Depreciation Expense-Furniture
Repair Expense
Supplies Expense
Interest Expense
Insurance Expense
Salaries Expense
Utilities Expense
Total

5,000

1,500

600

3,600

2,700

600

1,200

51,400

9,400
278,000

NEOSHO RIVER RESORT, INC.


Income Statement
For Three Months Ended August 31, 2011
Debit
Revenues
Rent Revenues
Expense
Salaries Expense
Utilities Expense
Repair Expense
Suplies Expense
Depreciation Expense-Cottages
Insurance Expense
Interest Expense
Depreciation Expense-Furniture
Total
Nett Income

51,400
9,400
3,600
2,700
1,500
1,200
600
600
71,000

NEOSHO RIVER RESORT, INC.


Retained Earnings Statement
For Three Months Ended August 31, 2011
Debit
Retained Earnings, June 1

Nett Income
Dividens
Retained Earnings, August 31

5,000

NEOSHO RIVER RESORT, INC.


Statement of Financial Position
For Three Months Ended August 31, 2011
Debit
Assets
Land

25,000
Cottages
125,000
Accumulated Depreciation-Cottages
Furniture

26,000
Accumulated Depreciation-Furniture
Prepaid Insurance

4,800
Supplies

600
Account Receivable

1,000
Cash

19,600
Total Assets
199,900
Equity
Share Capital-Ordinary
Retained Earnings
Liabilities
Account Payable
Mortgage Payable
Unearned Rent Revenue
Interest Payable
Salaries payable
Total Equity and Liabilities

J1
Debit

1,200

Credit
1,200

General Ledger
Date
Aug, 31

Debit

General Ledger

2,700
2,700

Explanation
Balance

Cash
Ref

Date
Aug, 31

1,500

Account Receivable
Explanation
Ref
Debit
Adjusting
J1
1,000

1,500

General Ledger

600

600

4,100

Date
Aug, 31
Aug, 31

Supplies
Explanation
Ref
Balance
Adjusting
J1

Debit

4,100

General Ledger

400

400

1,000

Date
Aug, 31
Aug, 31

Prepaid Insurance
Explanation
Ref
Debit
Balance
Adjusting
J1

1,000

General Ledger

600

600

Date
Aug, 31

Explanation
Balance

Land
Ref

Debit

General Ledger

Credit

Date
Aug, 31

Cottages
Explanation
Ref
Balance

Debit

General Ledger
Accumulated Depreciation-Cottages
Date
Explanation
Ref
Debit
Aug, 31
Adjusting
J1

General Ledger

1,500
600
6,500
3,300
400
600

Date
Aug, 31

Furniture
Explanation
Ref
Balance

Debit

General Ledger
Accumulated Depreciation-Furniture


80,000
100,000

Date
Aug, 31

Explanation
Adjusting

Ref
J1

Debit

General Ledger

85,100
Date
Aug, 31

Account Payable
Explanation
Ref
Debit
Balance

General Ledger

278,000

Date
Aug, 31
Aug, 31

Unearned Rent Revenue


Explanation
Ref
Debit
Balance
Adjusting
J1
4,100

General Ledger
Date
Aug, 31

011

Salaries Payable
Explanation
Ref
Debit
Adjusting
J1

Credit

General Ledger

85,100
Date
Aug, 31

Interest Payable
Explanation
Ref
Debit
Adjusting
J1

General Ledger
Date
Aug, 31

85,100
14,100

011
Credit

14,100

9,100

Mortgage Payable
Explanation
Ref
Debit
Balance

011
Credit

1,500

600

100,000

9,100

6,500

80,000

3,300

600

400
199,900

General Ledger
Credit

No.101
Balance

19,600

Date
Aug, 31

Share Capital-Ordinary
Explanation
Ref
Debit
Balance

General Ledger

le
Credit

No.112
Balance

1,000

Date
Aug, 31

Dividens
Explanation
Ref
Balance

Debit

General Ledger
No.126
Credit
Balance

3,300
2,700
600

Date
Aug, 31
Aug, 31
Aug, 31

Rent Revenue
Explanation
Ref
Balance
Adjusting
J1
Adjusting
J1

Debit

No.130
Credit
Balance

6,000
1,200
4,800

General Ledger
Date
Aug, 31

Depreciation Expense-Cottages
Explanation
Ref
Debit
Adjusting
J1
1,500

General Ledger
Credit

No.140
Balance

25,000

Date
Aug, 31

Depreciation Expense-Furniture
Explanation
Ref
Debit
Adjusting
J1

600

General Ledger
Credit

No.143
Balance
125,000

Date
Aug, 31

Repair Expense
Explanation
Ref
Debit
Balance

General Ledger

n-Cottages

No.144
Credit
Balance
1,500
1,500

Date
Aug, 31

General Ledger
Credit

No.149
Balance
125,000

n-Furniture

Supplies Expense
Explanation
Ref
Debit
Adjusting
J1
2,700

Date
Aug, 31

Interest Expense
Explanation
Ref
Debit
Adjusting
J1

600

General Ledger
No.144

Insurance Expense

Credit
Balance

600
600

Date
Aug, 31

Explanation
Adjusting

Ref
J1

Debit
1,200

General Ledger

e
Credit

No.201
Balance

6,500

Date
Aug, 31
Aug, 31

Salaries Expense
Explanation
Ref
Debit
Balance
Adjusting
J1

400

enue
Credit

No.209
Balance

7,400

3,300

No.212
Credit
Balance

400
400

No.230
Credit
Balance

600
600

e
Credit

No.275
Balance

80,000

General Ledger
Date
Aug, 31

Utilities Expense
Explanation
Ref
Debit
Balance
J1

nary
Credit

No.311
Balance
100,000
No.

Account Tittle

r
Credit

No.332
Balance

5,000

r
No.429
Credit
Balance

80,000
4,100
84,100
1,000
85,100

Cottages
Credit

No.620
Balance

1,500

101
126
130
140
143
149
201
209
225
311
332
429
622
726
732

Cash
Supplies
Prepaid Insurance
Land
Cottages
Furniture
Account Payable
Unearned Rent Revenue
Mortgage Payable
Share Capital-Ordinary
Dividens
Rent Revenue
Repair Expense
Salaries Expense
Utilities Expense
Total

urniture
Credit

No.621
Balance

600

Credit

No.622
Balance

3,600

Credit

No.631
Balance

2,700

Credit

No.718
Balance

600

se

No.722

117
144
150
212
230
620
621
631
718
722

Account Receivable
Accumulated Depreciation-Cottages
Accumulated Depreciation-Furniture
Salaries Payable
Interest Payable
Depreciation Expense-Cottages
Depreciation Expense-Furniture
Supplies Expense
Interest Expense
Insurance expense
Total

Credit

Balance

1,200

e
Credit

No.726
Balance

51,000

51,400

e
Credit

No.732
Balance

9,400

NEOSHO RIVER RESORT, INC


August 31, 2011
Adjusting
Trial Balance

Trial Balance
Debit

Credit

19,600

3,300

6,000

25,000
125,000

26,000

Debit

Credit

Debit

Credit

Retained Earning
Statement
Debit

19,600

600

4,800

25,000
125,000

26,000

6,500

7,400

80,000
100,000

Income
Statement

5,000

6,500

3,300

80,000
100,000

5,000

80,000

###

3,600

51,000

9,400

273,900 273,900

3,600
51,400
9,400

1,000

85,100

###
###
###
###

1,500
600
400
600

1,500

600

2,700

600

1,200
278,000 278,000
Nett Income

###
###
###
###
###
71,000 85,100
14,100
Total

5,000
Retained Earnings

Retained Earning
Statement

Statement
of Financial Position

Credit

Debit

Credit

19,600

600

4,800

25,000
123,500

25,400

6,500

3,300

80,000
100,000

14,100
14,100
9,100
Total

1,000

400
600

9,100

199,900 199,900