Question: this problem, 3-9. I just want to make sure I have all the correct answers, also confused on if I'm doing it right. Thanks! Interest
this problem, 3-9. I just want to make sure I have all the correct answers, also confused on if I'm doing it right. Thanks! Interest Expense Depreciation Expense Supplies Expense Rent Expense $132,980 $132,980 4,350 $123,100 $123,100 (a) Journalize the to) Phepare an income statement and a retained earnings statement for the year ended December 31 (b) Prepane Instructions annual adjusting entries that were made and a classified balance sheet at December 31. (c) Identify which accounts should be closed on December (d) If the note has been the note has been outstanding 10 months, what is the annual interest rate on that note? Wages Payable on December 31, 2013? 31. Papany paid $10 500 in salaries and wages in 2014, what was the balance in Salaries and of the Crestwood Golf Club, Inc. as of December resented below is the trial balance of the Crestwood Golf Club, Inc as of 5P3-9 (Adjusting and Closing) Presented below is the trial balance of the Crestwood Golf Club, Inc. asof (e) If the com 6 7 December 31. The books are closed annually on December 31. CRESTWOOD GOLF CLUB INC TRIAL BALANCE DECEMBER 31 Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance $15,000 13,000 1,100 9,000 350,000 120,000 Buildings Accumulated Depreciation-Buildings Equipment d Depreciation 38,400 150,000 Common Stock Retained Earnings Dues Revenue Green Fees Revenue Rent Revenue Utilities Expenses Salaries and Wages Expense Maintenance and Repairs Expense 70,000 400,000 82,000 200,000 5,900 17,600 54,000 80,000 24,000 $815,000 $815,000
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