Business, 13.10.2020 06:01, PatienceJoy
The Blue Spruce Corp. opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7,660, No. 140 Land $10,340, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $6,340, No. 157 Equipment $7,660, No. 201 Accounts Payable $3,660, No. 275 Mortgage Payable $8,340, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred.
Apr. 2 Paid film rental of $1,184 on first movie.
Apr. 3 Ordered two additional films at $1,102 each.
Apr. 9 Received $2,979 cash from admissions.
Apr. 10 Made $2,192 payment on mortgage and $1,190 for accounts payable due.
Apr. 11 Classic Theater contracted with D. Zarle Company to operate the concession stand. Zarle is to pay 18% of gross concession receipts (payable monthly) for the rental of the concession stand.
Apr. 12 Paid advertising expenses $314.
Apr. 20 Received one of the films ordered on April 3 and was billed $1,102. The film will be shown in April.
Apr. 25 Received $5,766 cash from admissions.
Apr. 29 Paid salaries $2,209.
Apr. 30 Received statement from D. Zarle showing gross concession receipts of $2,200 and the balance due to The Classic Theater of $396 ($2,200 X 18%) for April. Zarle paid one-half of the balance due and will remit the remainder on May 5.
Apr. 30 Prepaid $1,073 rental on special film to be run in May.
In addition to the accounts identified above, the chart of accounts shows No. 112 Accounts Receivable, No. 136 Prepaid Rent, No. 400 Service Revenue, No. 429 Rent Revenue, No. 610 Advertising Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
Required:
Prepare a trial balance on April 30, 2014.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 05:30, huangjianhe135
Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?
Answers: 2
Business, 22.06.2019 16:20, ashleyprescot05
Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000
Answers: 1
Business, 22.06.2019 17:30, neriah30
Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months. fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.
Answers: 1
Business, 22.06.2019 17:30, samanthaepperson
The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?
Answers: 1
Do you know the correct answer?
The Blue Spruce Corp. opened on April 1. All facilities were completed on March 31. At this time, th...
Questions in other subjects:
English, 25.11.2021 06:20
