P4-4A

c) Debit Credit
Supplies expense 16400
Supplies 16400
Insurance expense 19000
Prepaid insurance 19000
Depreciation expense 6000
Accumulated depreciation 6000
Unearned ticket revenue 2900
Ticket revenue 2900
Property tax expense 3000
Property tax payable 3000
Interest expense 2000
Interest payable 2000

d) Closing journal entries Debit Credit

Ticket revenue 280000
Income summary 280000
Income summary 228200
Salaries and wage expense 98000
Maintenance and repairs exp 30500
Advertising expense 9400
Utilities expense 16900
Property tax expense 24000
Interest expense 8000
Insurance expense 19000
Supplies expense 16400
Depreciation expense 6000
Income summary 36100
Retained earnings 36100
Retained earnings 14000
Dividends 14000

e) Post closing trial balance Debit Credit

Cash 34400
Supplies 2200
Prepaid insurance 10900
Land 80000
equiptment 120000
Accumulated depreciation 42200
Share capital 60000
Retained earnings 36100
Accounts payable 14600
Interest payable 2000
Mortgage payable 50000
Unearned ticket revenue 1000
Property tax payable 3000
247500 208900