Question: (((( SHOWING THE CALCULATIONS AND USING THE SAME TAPLES GIVIN )))) 1. You own a 200 in Lefke. Regular visitors of the 200 pay in

(((( SHOWING THE CALCULATIONS AND USING THE SAME TAPLES GIVIN ))))

(((( SHOWING THE CALCULATIONS AND USING THE SAME TAPLES GIVIN )))) 1.

1. You own a 200 in Lefke. Regular visitors of the 200 pay in advace. Advance payments are credited to an account entitled Unearned Admissions Revenue. Most guests pay at the entrance and the amounts collected are credited to Admissions Revenue. The following information is available as a source for preparing the adjusting entries at December 31, 2020 (only for the month of December). Bear in mind that adjusting entreis have already been made for the first 11 months of 2020, but not for December. USE ONLY the following account names. Please Do not make up your account names Accounts Payable Concessions Revenue Receivable Accounts Receivable Prepaid Advertising Accumulated Depreciation Depreciation Expense Admissions Revenue Prepaid Rent Advertising Expense Income Taxes Expense Animal Food Supplies Expense Income Taxes Payable Concessions Revenue Salaries Payable Revenue Insurance Expense Interest Expense Bus Rental Expense Interest Payable Painting Expense Rent Expense Unexpired Insurance Animal Food Supplies Salaries Expense Unearned Admissions Water Expense 1. Accrued but unrecorded admissions revenue earned as of December 31, 2020 amount to $400. Show calculations where necessary. 17 points) Calculations: Date Debit Credit Db Cr 2. A painter came and painted the 200 for $1100 on the 3rd of December, 2020. The 200 will pay the painter on the 15th of January, 2021. Show calculations where necessary. (7 points) Calculations: Date Debit Credit Db Cr 3. Records show that $750 of cash receipts originally recorced as unearned admissions revenue had been earned as of December 31. Show calculations where necessary. (7 points) Calculations: Date Debit Credit Db Cr

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