Wildhorse Creek Golf Inc. was organized on July 1, 2025. Quarterly financial statements are prepared. The...

Transcribed Image Text:

Wildhorse Creek Golf Inc. was organized on July 1, 2025. Quarterly financial statements are prepared. The trial balance and adjusted trial balance on September 30 are shown as follows. Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Wildhorse Creek Golf Inc. Trial Balance September 30, 2025 Service Revenue Rent Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Unadjusted $6.920 620 1.640 2,240 15,220 820 9.020 1,120 850 Cr. $5,500 1,290 1,440 13,000 0 16,300 920 Adjusted Dr. $6.920 1,440 400 1.120 15,220 820 9.840 2,240 570 1.240 850 55 $38,450 $38,450 $40,715 Cr. $570 5.500 1,290 820 55 1,020 13,000 0 17.120 1.340 $40,715 Journalize the adjusting entries that were made. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 (To record service revenue earned) (To record rent expense) (To record supplies used) (To record monthly depreciation) (To record interest on notes payable) (To record unearned rent revenue earned) (To record accrued salaries) Debit Credit ||]] CODICI Wildhorse Creek Golf Inc. was organized on July 1, 2025. Quarterly financial statements are prepared. The trial balance and adjusted trial balance on September 30 are shown as follows. Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Wildhorse Creek Golf Inc. Trial Balance September 30, 2025 Service Revenue Rent Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Unadjusted $6.920 620 1.640 2,240 15,220 820 9.020 1,120 850 Cr. $5,500 1,290 1,440 13,000 0 16,300 920 Adjusted Dr. $6.920 1,440 400 1.120 15,220 820 9.840 2,240 570 1.240 850 55 $38,450 $38,450 $40,715 Cr. $570 5.500 1,290 820 55 1,020 13,000 0 17.120 1.340 $40,715 Journalize the adjusting entries that were made. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 (To record service revenue earned) (To record rent expense) (To record supplies used) (To record monthly depreciation) (To record interest on notes payable) (To record unearned rent revenue earned) (To record accrued salaries) Debit Credit ||]] CODICI

Answer rating: 100% (QA)

Journal Entries are as follows Transaction Service Revenue Earned Date September 30 Debit Accounts R... View the full answer