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NICOLE GUIBANI RESORT Worksheet For The Month Ended August 31, 2010 Account Titles Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Cash 20,500 0300 Supplies 3,000 Land 25,000 Cottages 125,000 Furniture 26,000 Drawings 10,400 Accounts Payable 6,500 Unearned Rent 7,400 Revenue Mortgage, Payable 80,000 Nicole Guibani, 100,000 Capital Rent Revenue 80,000 Repair Expense 3,600 Utilities Expense 9,400 Salaries Expense 51000 Total 273,900 273.900 Additional Data that the accountant forgot to record for the month of August, 2010: DR 11. Purchased Supplies of 300 for the month of August 2010 12. Annual depreciation is 56000 on cottages and $2,400 on furniture. 2-3 Salaries of $400 were unpaid at August 31. A count on August 31 shows $600 of supplies on hand, 5. Insurance of 5600 was paid for one and half month Yeme 6. Rentals of $1,0were due from tenants at August 31. 7. Insurance expires at the rate of $400 per month / 8. The mortgage interest rate is 9% per year. (The mortgage was taken out on August 1.) 29. Unearned rent revenue of $4,100 was earned prior to August 31. ISR A ee Prepare: tenenter.no i) Adjusting Entries ii)Prepare Adjusted Trial Balance iii) Calculate Total Revenue, Total Expenses and the Net Income/Loss iv)Calculate Owner's Equity [9*2=18) [2] [3] [2] There are 2 Adiba Naoshin | Spring omnar Rent to ? r tnomaction in one acoount

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