Trial Balance May 31, 2022 In addision to those accounts listed on the trial balance....

90.2K

Verified Solution

Question

Accounting

image
image
image
image
image
Trial Balance May 31, 2022 In addision to those accounts listed on the trial balance. the chart of accounts for Flearoahs Hotel alyo contains the following accounts and account numbers: Na 142. Accumalated Depreciation-Baildingt, No. 150 Accumulated Depreciation-Equipment. No. 212.5 alaries and Wages Payable. No. 230 interest Payable No. 619 Depreciation Expence. No. 631 Supplies Expeme. No. 718 interest Expense, and No. 722 imarance Experse Gther data 1. Prepaid insurance is a 1year policy startien lMay 1.2022 . 2. A count of woplies shows 4800 of unwed wppliks on Mary 31. 3. Aruual depreciation is 53.648 on the buildingr and 51.440 on equlpment. 4. The note payable interest rate is 6%. The note was taken cut on May and will be regudalone with inteceat in 1 year) 5. Two-thirds of the unearred rent revenoe har teen earned. 6. Saleries and wages of 5700 are unpaid and unreconded at Myy 31. PHAROAH'S HOTEL Balance Sheet Assets 5 5 Liabilities and Owner's Equity $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students