chapter 4 problem p4 4a 9th ed 460202
P4-4A
Disney Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.
DISNEY AMUSEMENT PARK
Worksheet
For the Year Ended September 30, 2010
Don't use plagiarized sources. Get Your Custom Essay on
chapter 4 problem p4 4a 9th ed 460202
For $10/Page 0nly
Trial Balance
Adjusted Trial Balance
Dr.
Cr.
Dr.
Cr.
Cash
41,400
41,400
Supplies
18,600
1,200
Prepaid Insurance
31,900
8,900
Land
80,000
80,000
Equipment
120,000
120,000
Accumulated Depreciation
36,200
42,200
Accounts Payable
14,600
14,600
Unearned Admissions Revenue
3,700
2,000
Mortgage Note Payable
50,000
50,000
L. Disney, Capital
109,700
109,700
L. Disney, Drawing
14,000
14,000
Admissions Revenue
277,500
279,200
Salaries Expense
105,000
105,000
Repair Expense
30,500
30,500
Advertising Expense
9,400
9,400
Utilities Expense
16,900
16,900
Property Taxes Expense
18,000
21,000
Interest Expense
6,000
10,000
Totals
491,700
491,700
Insurance Expense
23,000
Supplies Expense
17,400
Interest Payable
4,000
Depreciation Expense
6,000
Property Taxes Payable
3,000
Totals
504,700
504,700
Hint: Complete worksheet; prepare classified balance sheet, entries, and post-closing trial balance.
(SO 1, 2, 3, 6)
Instructions
(a)
Prepare a complete worksheet.
Net income $40,000
(b)
Prepare a classified balance sheet. (Note: $10,000 of the mortgage note payable is due for payment in the next fiscal year.)
Total current assets $51,500
(c)
Journalize the adjusting entries using the worksheet as a basis.
(d)
Journalize the closing entries using the worksheet as a basis.
(e)
Prepare a post-closing trial balance.
Post-closing trial balance $251,500
Calculator
Our features
We've got everything to become your favourite writing service
Money back guarantee
Your money is safe. Even if we fail to satisfy your expectations, you can always request a refund and get your money back.
Confidentiality
We don’t share your private information with anyone. What happens on our website stays on our website.
Our service is legit
We provide you with a sample paper on the topic you need, and this kind of academic assistance is perfectly legitimate.
Get a plagiarism-free paper
We check every paper with our plagiarism-detection software, so you get a unique paper written for your particular purposes.
We can help with urgent tasks
Need a paper tomorrow? We can write it even while you’re sleeping. Place an order now and get your paper in 8 hours.
Pay a fair price
Our prices depend on urgency. If you want a cheap essay, place your order in advance. Our prices start from $11 per page.