Homework: Chapter 3 Comprehensive Problem ture Gnome Company completed the following transactions in November and Decen (Click the icon to view the November and December transactions.) (Click th December 31, the business gathers the following information for the adjusting entries Click the icon to view the additional information.) Read the requirements Debit Credit Account Title Cash $ 15,080 4700 2200 Accounts Receivable Office Supplies Prepaid Rent Land Building Canoes Accounts Payable Utilities Payable Telephone Payable Uneared Revenue Notes Payable Common Stock 5100 85,000 60,000 15,360 3.260 230 350 300 9.600 169,000 Nature Gnome Company completed the following transactions in November and Dec (Click the icon to view the November and December transactions.) (Click At December 31, the business gathers the following information for the adjusting entrie (Click the icon to view the additional information.) Read the requirements Common Stock 169,000 Dividends 1,150 12500 1700 4100 520 Canoe Rental Revenue Rent Expense Wages Expense Telephone Expense Utilities Expense Accumulated Depreciation Building Accumulated Depreciation Canoes Depreciation Expense Building Depreciation Expense-Canoes Supplies Expense 330 Homework: Chapter 3 Comprehensive Problem ature Gnome Company completed the following transactions in November and Dece (Click the icon to view the November and December transactions.) (Clickt December 31, the business gathers the following information for the adjusting entrie; (Click the icon to view the additional information) Read the requirements 12500 1700 4100 520 Canoe Rental Revenue Rent Expense Wages Expense Telephone Expense Utilities Expense Accumulated Depreciation--Building Accumulated Depreciation-Canoes Depreciation Expense Building Depreciation Expense Canoes Supplies Expense 330 Total 195240 195240 ed the following unadjusted trial balance at December 31, 2024 Vadicted to balans More info a. Office supplies on hand, $600 b. Rent of one month has been used. (Hint: See the second Dec. 1 transaction.) c. Determine the depreciation on the building using straight-line depreciation Assume the useful life of the building is five years and the residual value is $12,000. (Hint: The building was purchased on December 1.) d. $100 of unearned revenue has now been earned. (Assume that the initial unearned revenue was recorded as a liability.) e. The employee who has been working the rental booth has earned $1,400 in wages that will be paid January 15, 2025. f. Nature Gnome has earned $900 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 four years and the residual value is SO h. Determine the depreciation on the canoes purchased on December 2 using straight-line depreciation Assume the useful life of the canoes is four years and the residual value is SO i. Interest expense accrued on the notes payable $120 Print Done - Reference - X Balance Account Title Debit Credit Cash $ 15,080 Accounts Receivable Office Supplies 4,700 2,200 Prepaid Rent Land 5,100 85,000 Building 60,000 Canoes 15,360 $ 3,260 230N 350 Accounts Payable Utilities Payable Telephone Payable Unearned Revenue Notes Payable Common Stock Dividends Canoe Rental Revenue 300 9,600 169.000 1,150 12.500 Question 1, CPF3-45 (similar to) - X Reference Prepaid Rent 5,100 Land 85,000 Building 60,000 Canoes 15,360 $ 3,260 230 350 Accounts Payable Utilities Payable Telephone Payable Unearned Revenue Notes Payable Common Stock 300 9,600 169,000 1,150 12,500 Dividends Canoe Rental Revenue Rent Expense Wages Expense Utilities Expense Telephone Expense 1,700 4, 100 330 520 Total $ 195,240 $ 195,240