Question: ccountingCree unting Cycle Review: Problem A s designed to enable in accounting, the the knowledge you have acquired in the k em will give you
ccountingCree unting Cycle Review: Problem A s designed to enable in accounting, the the knowledge you have acquired in the k em will give you valuable ex test is being able to handle data in real experience ART OF ACCOUNTS 411 Income from Services 412 Concessions Income Acounts Receivable Insurance Accumalated eeciation, PoolSlide Facility Side Facility S11 Pool Maintenance Expense 512 Wages Expense 513 Advertising Expense 514 Utilities Expense 515 Interest ted Depreciation, Pool/ lated Depreciation, Pool 519 Dciation 19 Depreciation Expense, Pool/Slide 520 Depreciation Expense, Pool 522 Miscellaneous Expense Wages Payable Mortgage Payable owner's Equity L Judar, Capital LJudar, Drawing sis Income Summary e ecord transactions in a two-column general journal. Assume that the fiscal month. You will then be able to completeall of the steps in the accounting You arid is one when you are analyzing the transactions faccou , think them through by visualizing the nts or by writing them down on scratch paper. For unfamiliar types of specific instructions for recording them are included. However, reason tions, eam out for yourself as well. Check off each transaction as it is recorded. Judar deposited $135,000 in a bank account for the purpose of buying Blast Off! The business is a recreation area offering three large waterslides (called 1 tubes)-one children's slide, an inner tube run, and a looping extreme slide. pools, pump, and slides), $148,800; building, $96,200; and land, $292,000 2 Received and paid the bill for a one-year premium for insurance, $12240. 2 Bought Blast Off! in its entirety for a total price of $540,800. The assets include pool furniture, $3,800; the pool/slide facility (includes filter system. Paid $120,000 down and signed a mortgage note for the remainder (Continued) ccountingCree unting Cycle Review: Problem A s designed to enable in accounting, the the knowledge you have acquired in the k em will give you valuable ex test is being able to handle data in real experience ART OF ACCOUNTS 411 Income from Services 412 Concessions Income Acounts Receivable Insurance Accumalated eeciation, PoolSlide Facility Side Facility S11 Pool Maintenance Expense 512 Wages Expense 513 Advertising Expense 514 Utilities Expense 515 Interest ted Depreciation, Pool/ lated Depreciation, Pool 519 Dciation 19 Depreciation Expense, Pool/Slide 520 Depreciation Expense, Pool 522 Miscellaneous Expense Wages Payable Mortgage Payable owner's Equity L Judar, Capital LJudar, Drawing sis Income Summary e ecord transactions in a two-column general journal. Assume that the fiscal month. You will then be able to completeall of the steps in the accounting You arid is one when you are analyzing the transactions faccou , think them through by visualizing the nts or by writing them down on scratch paper. For unfamiliar types of specific instructions for recording them are included. However, reason tions, eam out for yourself as well. Check off each transaction as it is recorded. Judar deposited $135,000 in a bank account for the purpose of buying Blast Off! The business is a recreation area offering three large waterslides (called 1 tubes)-one children's slide, an inner tube run, and a looping extreme slide. pools, pump, and slides), $148,800; building, $96,200; and land, $292,000 2 Received and paid the bill for a one-year premium for insurance, $12240. 2 Bought Blast Off! in its entirety for a total price of $540,800. The assets include pool furniture, $3,800; the pool/slide facility (includes filter system. Paid $120,000 down and signed a mortgage note for the remainder (Continued)
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