Explanation Ref Debit Credit Cash NO.

101
1) Insurance Expense 722 1,200 Aug-31 19,600
Prepaid Insurance 130 1,200
(To record the insurance Expense)

2) Supplies Expense 631 2,400

Supplies 126 2,400
(to record the supplies expense)
Supplies NO. 126
3) Deprciation Expense 711 1725 Aug-31 3,300
Acc:depr: Building 144 1,125
Acc:depr.Equipment 158 600
(To record the depreciation Expesne) Bal 900
(4,500/12*= 1,125)
(2,400/12*3= 600)
Land NO. 140
4) Unearned Rent Revenue 208 4,100 Aug-31 25,000
Rent Revenue 429 4,100
(To recognize the rent revenue)

5) Salaries and Wages Expense 726 400 Buildings NO. 143

Salaries and Wages Payable 212 400 Aug-31 125,000
(To record the salries expense)

6) Account Receivable 112 3,700

rent Revenue 429 3,700 Equipment NO. 157
(To record the rent Revenue) Aug-31 26,000

7) Interst Expense 718 600

Interst Payable 230 600
(to record the accrued interest)
(80,000*.09= 7,200/12=600)

Account Payable NO. 201

Salaries and Wages Payable NO. 21

 Mortgage Payble NO.275

Common Stock NO.311

Rent Revenue NO. 429

Supplies Expesne NO. 631

Aug-31 2,400

Interest Expesne NO. 718

Aug-31 600

Salaries and wages Expense NO. 72

Aug-31 51,000
Aug-31 400
Bal 51,400
101
112
126
130
140
143
144
157
158
201
208
212
230
275
311
332
429
622
631
711
718
722
726
732
 Cash NO. 101 Account Receivable NO.112
Aug-31 3,700

Supplies NO. 126 Prepaid Insurance NO. 130

Aug-31 2,400 Aug-31 6,000 Aug-31 1,200

Bal 4,800

Land NO. 140

uildings NO. 143 Accumulated Depreciation Building NO. 144

Aug-31 1,125

Equipment NO. 157 Accumulated Depreciation Equipment NO. 158

Aug-31 600

count Payable NO. 201 Unearned Rent Revenue NO. 208

Aug-31 6,500 Aug-31 4,100 Aug-31 7,400

Bal 3,300

and Wages Payable NO. 212 Interest Payable NO. 230

Aug-31 400 Aug-31 600
ortgage Payble NO.275
Aug-31 80,000

mmon Stock NO.311 Dividend No. 332

Aug-31 100,000 Aug-31 5,000

ent Revenue NO. 429 Maintaenance and Repair Expense NO.622

Aug-31 80,000 Aug-31 3,600
Aug-31 4,100
Aug-31 3,700
Bal 87,800
pplies Expesne NO. 631 Depreciation xpesne NO. 711
August 1,725

terest Expesne NO. 718 Insurance Expesne NO. 722

Aug-31 1,200

s and wages Expense NO. 726 Utility Expense NO. 732

Aug-31 9,400

Lazy River Resort, Inc

Adjusted Trial Balance
August 31, 2014
Debitr Credit
Cash $ 19,600
Account Receivable 3,700
Supplies 900
Prepaid Insurance 4,800
Land 25,000
Buildings 125,000
Accumulated Depreciation: Building $ 1,125
Equipment 26,000
Accumulated Depreciation Equipment 600
Accounts Payables 6,500
Unearned Revenue 3,300
Salaries and Wages Payble 400
Interest Payables 600
Mortgage Payable 80,000
Common Stock 100,000
Dividend 5,000
Rent Revenue 87,800
Maintance and Repair Expense 3,600
Supplies Expense 2,400
Depreciation Expense 1,725
Interest Expense 600
Insurance Expense 1,200
Salaries and Wages Expense 51,400
Utility Expense 9,400
Total $ 280,325 $ 280,325
Date Explanation Ref Debit Credit
1 Prepaid Expense
Assets 100,000
Cash 100,000
Adjusment
Expesne 833
Asset 833

100,000/10=10,000/12= 833

Unearned Revenue
2 cash ……..
Unearned Revenue ……
Adjustment
Unearned Revenue ……
Revenue

3 Accrued Revenue
A/R ……..
Revenue …….

Adjusting Entries
4 Accrued Expense end of the accounting period
Expesne …… Recognize the Expenses and Reven
Payable ………

Prepaid Ins 3,000

Cash 3,000
3,000/12= 250
accounting period
the Expenses and Revenue