Yuusuf abdisalaam yusuf ID: 4590

SET: A1

A: adjustment

Date acc debit credit

31-May supplies Expense 900
supplies (used) 900
31-May utilities expense 250
account payable 250
31-May insurance expense 150
prepaid insurance 150
31-May unearned service revenue 1600
service revenue 1600
31-May salaries and wages expense 1104
salaries and wages payable 1104
31-May depreciation expense 190
Accumulated depreciation-equipment 190
31-May accounts receivable 1700
service revenue 1700

b. ledger of accounts

Accumulated depreciation-
cash
equipment
Date explanation ref debit credit Balance Date explanation ref debit credit balance
31-may depreciation expense 190 190
31-May balance 4500 4,500 190

Unearned service revenue

ACC/Receivable Date explanation Ref debitcredit balance
Date explanation ref debit credit balance 31-may balance 2000 2000
service revenue J4 1600 400
31-May balance 6000

serv-revenue J4 1700 7700 salaries and wages payable

Date explanation ref debit credit balance
Salaries&wages
31-May expense J4 1,104 1,104
supplies

Date explanation ref debit credit balance salaries and wages expense
Date explanation ref debit credit balance
31-May balance 1900
31-May balance 6400 6,400
supplies used J4 900 1000 salaries and wages
payable 1,104 7504
insurance expense
prepaid insurance Date explanation ref debit credit balance
31-May prepaid insurance j4 150 150
Date explanation ref debit credit balance
 acc.payable rent expense
Date explanation ref debit credit balance credi
31-may balance 4,500 4500 Date explanation ref debit t balance
utility expense J4 250 4700 31-May balance 900 900
utilities expense
Date explanation ref debit credit balance depreciation expense
31-May account payable j4 250 250 credi
Date explanation ref debit t balance
Acc. Dep.
31-May equipment j4 190 190
C) adjusted trial balance

ACCOUNT TITLE DEBIT CREDIT

cash 4,500
account receivable 7,700
supplies 1,000
prepaid insurance 3,450
equipment 11,400
accumulated depreciation equipment 190
account payable 4,750
unearned service revenue 400
salaries and wages payable 1,104
owner's capital 18,700
service revenue 12,800
supplies expense 900
salaries and wages expense 7,504
rent expense 900
depreciation expense 190
insurance expense 150
utilities expense 250
total 37,944 37,944

2A. MAC's MOTEL Adjusting Journal Entries

date Details Debit Credit
May 31 Insurance expenses 200
Prepaid expense 200
May 31 Supplies expense 1330
Supplies 1330
May 31 Depreciation expense Building 250
Accumulated depreciation Building 250
Depreciation expense Equipment 125
Accumulated Depreciation Equipment 125
May 31 Interest expense 400
Interest payable 400
May 31 Unearned rent revenue 2200
Rent revenue 2200
May 31 Salaries and wages Expense 750
Salaries and wages payable 750
 Accumulated depreciation-
cash equipment
Balanc Date explanation ref debit credit balance
Date explanation ref debit credit e depreciation
31- 3,500d 31-may expense 125 125 CR
May balance 3500 r
Acc/payable
land debi balanc
balanc Date explanation ref t credit e
Date explanation ref debit credit e 31-May balance 4800 4800
31-
May balance 12000 12000 Unearned rent revenue
supplies Re debi balanc
balanc Date explanation f t credit e
Date explanation ref debit credit e 31-may balance 3300 3300
31- Rent revenue J1 2200 1100 Cr
May balance 2080 2080
Sup/expenses J4 1330 750 DR mortage payable
debi balanc
prepaid insurance Date explanation ref t credit e
balanc 40,00
Date explanation ref debit credit e 31-May balance 0 40,000
31-
May balance 2400 2400 salaries and wages
InsuranceEXP 200 2200 expense
debi balanc
Equipment Date explanation ref t credit e
balanc 31-May balance 3300 3300
Date explanation ref debit credit e salaries and wages
31- payable 750 4050
May balance 15000 15000 Owners capital
debi balanc
Buildings Date explanation ref t credit e
balanc 41,38
Date explanation ref debit credit e 31-May balance 0 41380
31-May balance 60,000 60,000 Accumulated
Rent revenue dep.building
balanc debi balanc
Date explanation ref debit credit e Date explanation ref t credit e
1030 Dep.expense
31-May balance 0 10300 31-May building 250 250
Unearned 12,500 Interest expense
rent revenu 2200 Cr debi balanc
Advertising expense Date explanation ref t credit e
balanc
Date explanation ref debit credit e
31-May balance 600 600
Utility expenses
Re balanc
Date explanation f debit credit e
31-May balance 900 900
Insurance expense
balanc
Date explanation ref debit credit e
 Details Debit Credit
101 Cash $ 3,500
126 Supplies 750
130 Prepaid Insurance 2200
140 Land 12000
141 Buildings 60000
142 Accumulated Depreciation- building 250
149 Equipment 15000
150 Accumulated depreciation - equipment 125
201 Accounts payable 4800
208 Unearned rent revenue 1100
212 Salaries payable 750
230 Interest payable 400
275 Mortage payable 40000
301 Owners capital 41380
429 Rent revenue 12500
610 Advertising expense 600
619 Depreciation expense- building 250
621 Depreciation expense - equipment 125
726 Salaries and Wages Expense 4050
631 Supply expense 1330
718 Interest expense 400
722 Insurance expense 200
732 Utility expense 900
total 101305 101305
C. adjusted Trial Balance:
Owners equity:

owners capital 41,380

Net income 4645

Owners capital = 46025

Amount Amount
ASSETS:
cash 3500
supplies 750
Prepaid Insurance 2200
Land 12000
Equipment 15000
Accumulated Depreciation (125) 14875
Buildings $60000
Accumulated Depreciation (250) 59750

Total Asset $93075

Liability and owners equity:

Account payable 4800
Unearned rent revenue 1100
Salaries and wages payable 750
Interest payable 400
Mortage payable 40,000
Total Liabilities 47050
Owners Equity
Owners capital 46025
TOTAL Liabilities and Owner equity 93075

Balance sheet