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Worksheet December 31, 2018 Unadjusted Trial Balance Adjustments Account Title Debit Credit Debit Credit Cash 11,930 11,930 5,000 800 200 Accounts Receivable Office Supplies Prepaid Rent Land 1,800 3,000 2,000 65,000 65,000 182,000 182,000 Building Accum. Depr.- Building Canoes 900 10,080 10,080 Accum. Depr.-Canoes 145 Accounts Payable 1.240 1,240 Wanas Pavable 900 Read me requirements Accounts Payable 1240 1,240] 900 290 290 270 270 Wages Payable Utilities Payable Telephone Payable Unearned Revenue Interest Payable Notes Payable Common Stock 300 150 40 6,240 6,240 264,000 264,000 Dividends 1,800 1,800 Canoe Rental Revenue 12,700 14,650 Rent Expense 1,000 2,000 2.600 3,500 470 470 Wages Expense Utilities Expense Telephone Expense Supplies Expense Depr. Expense Building 360 360 1,600 900 Don Branca Gonnad 145 Choose from any list or enter any number in the input fields and then click Check An Net Expose UU 2.UUU 2,600 3,500 470 470 360 360 Wages Expense Utilities Expense Telephone Expense Supplies Expense Depr. Expense Building Depr. Expense-Canoes 1,600 900 145 Interest Expense 40 285,040 285,040 288,825 288,825 Choose from any list or enter any number in the input fields and then click Check Answ 13 parts remaining Golden Lake Company Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 11,930 Accounts Receivable 6,800 200 Office Supplies Prepaid Rent 2,000 Land 65,000 182,000 $ 900 Building Accumulated Depreciation Building Canoes Accumulated Depreciation Canoes Accounts Payable 10,080 145 1,240 Wages Payable 900 290 Utilities Payable Telephone Payable 270 Unearned Revenue 150 Interest Payable 40 Nita Daurahlo 6240 145 1,240 Accumulated Depreciation Canoes Accounts Payable Wages Payable Utilities Payable Telephone Payable 900 290 270 Unearned Revenue 150 Interest Payable Notes Payable 40 6,240 Common Stock 264,000 Dividends 1,800 Canoe Rental Revenue 14,650 2,000 3,500 470 Rent Expense Wages Expense Utilities Expense Telephone Expense Supplies Expense Depreciation Expense Building Depreciation Expense -Canoes 360 1,600 900 145 40 Interest Expense Total $ 288,825 S 288,825 Debit Credit Date Accounts and Explanation 1,600 Dec. Adj. (a) 1,600 1,000 Dec. 1,000 Adj. (b) 900 Dec. 900 Adj. (c) 150 Dec. 31 Supplies Expense Office Supplies To record office supplies used. 31 Rent Expense Prepaid Rent To record rent expense. 31 Depreciation Expense_Building Accumulated Depreciation-Building To record depreciation on building. 31 Unearned Revenue Canoe Rental Revenue To record revenue earned that was collected in advance. 31 Wages Expense Wages Payable To accrue wages expense. 31 Accounts Receivable Canoe Rental Revenue To accrue canoe rental revenue. 31 Depreciation Expense Canoes 150 Adj. (d) 900 900 Dec. Adj. (e) 1,800 Dec. 1,800 Adj. (0) 80 Dec. Print Done MACBOOK Reference 900 Dec. 900 Adj. (c) 150 Dec 150 Adj. (d) 900 Dec. 900 Adj. (e) 1,800 Dec. Adj. (0) 1,800 31 Depreciation Expense Building Accumulated Depreciation-Building To record depreciation on building. 31 Unearned Revenue Canoe Rental Revenue To record revenue earned that was collected in advance. 31 Wages Expense Wages Payable To accrue wages exponse. 31 Accounts Receivable Canoe Rental Revenue To accrue canoe rental revenue. 31 Depreciation Expense-Canoes Accumulated Depreciation -Canoes To record depreciation on canoes. 31 Depreciation Expense -Canoes Accumulated Depreciation-Canoes To record depreciation on canoes. 31 Interest Expense Interest Payable To accrue interest expense. 80 Dec Adj. (g) 80 65 Dec 65 Adj. (h) 40 Dec. 40 Adj. (0) i More Info sd pare the er al adj an adjus ed tria Nov. 1 Received $17,000 cash to begin the company and issued common stock to Alice and Zeus. 2 Signed a lease for a building and paid $1,000 for the first month's rent. 3 Purchased canoes for $3,840 on account. 4 Purchased office supplies on account, $800. 7 Earned $1,500 cash for rental of canoes. 13 Paid $1,000 cash for wages. 15 Paid $450 dividends to stockholders. 16 Received a bill for $180 for utilities. (Use separate payable account.) 20 Received a bill for $90 for cell phone expenses. (Use separate payable account.) 22 Rented canoes to Kindercare on account, $2,800. 26 Paid $2,200 on account related to the November 3 purchase. 0 30 FO 50 umbe i More Info pare ral dj 22 Rented canoes to Kindercare on account, $2,800. 26 Paid $2,200 on account related to the November 3 purchase. 28 Received $1,600 from Kindercare for canoe rental on November 22. 30 Paid $650 dividends to stockholders. an ac ad trial 0 Dec. 1 Alice and Zeus contributed land on the river (worth $65,000) and a small building to use as a rental office (worth $182,000) in exchange for common stock 1 Prepaid $3,000 for three months' rent on the warehouse where the company stores the canoes 2 Purchased canoes signing a notes payable for $6,240. 4 Purchased office supplies on account for $1,000 9 Received $4,600 cash for canoe rentals to customers. 15. Rented canoes to Customers for $2 An but will he naid next month 30 umbe Print Done i More Info pai an 16 Received a $300 deposit from a canoe rental group that will use the canoes next month. 18 Paid the utilities and telephone bills from last month. 19 Paid various accounts payable, $2,200. 20 Received bills for the telephone ($270) and utilities ($290) which will be paid later 31 Paid wages of $1,600 31 Paid cash dividend to stockholders, $700. ia Data used for the adjusting entries at December 31 follows: a. Office supplies on hand, $200 b. Rent of one month has been used. (Hint: See Dec. 1 transaction) c. Determine the depreciation on the building using straight-line depreciation. Accrime the niceful life of the building ie 15 vare and the recidual valleie mbe Print Done More Info www c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is 15 years and the residual value is $20,000. (Hint: The building was purchased on December 1.) d. $150 of unearned revenue has now been earned. e. The employee who has been working the rental booth has earned $900 in wages that will be paid January 15, 2019. f. Golden Lake has earned $1,800 of canoe rental revenue that has not been recorded or received. g. Determine the depreciation on the canoes purchased on November 3 using straight-line depreciation. Assume the useful life of the canoes is 8 years and the residual value is $0. h. Determine the depreciation on the canoes purchased on December 2 using straight-line depreciation Assume the useful life of the canoes is 8 years and the residual value is $0

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