Professional Documents
Culture Documents
Date
1.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
2.
3.
4.
Account Titles
Depreciation Expense-Equipment
Accumulated Depreciation-Equipment
(1/26*$168,000)
Interest Expense
Interest Payable
($90,000*8%*72/360)
Admission Revenue
Unearned Admission Revenue
(2,000*$30)
Prepaid Advertising
Advertising Expense
5.
Salaries Expense
1.
2.
3.
4.
Interest Expense
Admissions revenue
Advertising expense
Salaries expense
Salaries Payable
(b)
1
5
9
13
66
$2,840($1,400+$1,400)
$320,000($380,000-$60,000)
$12,580($13,680-$1,100)
$62,300($57,600+$4,700)
tion-Equipment
evenue
60,000)
Debit
10,500
1,440
60,000
1,100
Credit
10,500
1,440 If 30-day months are assumed, interest expense = $1,400 ($90,000 *
60,000
1,100
4,700
Debit
4,700
Credit
2,840
14,780
62,300
440,000
66