Disney Amusement Park has a fiscal course of study ending on kinfolk 30. Selected data from the family line 30 worksheet are presented below.
DISNEY AMUSEMENT PARK Worksheet For the Year Ended September 30, 2010
Trial Balance Adjustment
Dr. Cr.
correct Trial Balance
Dr. Cr.
Accounts Title
Dr. Cr.
Cash
41400
41400
Supplies
Prepaid insurance Land Equipment Accumulated Depreciation Accounts collectable Unearned Admissions tax Mortgage Payable
18600
31900 80000 120000 36200 14600 3700 50000
1200
8900 80000 120000 42200 14600 2000 50000
L.Disney Capital
L.Disney Drawing Admissions Revenue Salaries get down Repair write off 105000 30500 14000
109700
14000 277500 105000 30500
109700
279200
publicizing Expense
Utilities Expense Property Taxes Expense Interest Expense Totals
9400
16900 18000 6000 491700 491700
9400
16900 21000 10000
Instructions
1) Prepare a complete worksheet. 2) Prepare a classify balance sheet. (Note: $10,000 of the mortgage note payable is due for remuneration in the next fiscal year.) 3) Journalize the adjusting entries using the worksheet as a basis. 4) Journalize the closing entries using the worksheet as a basis. 5) Prepare a post-closing trial balance.
DISNEY AMUSEMENT PARK Worksheet For the Year Ended September 30, 2010
Adjustment Trial Balance Accounts Title (Trial Balance - Adjusted Trial Balance) Adjusted Trial Balance
Dr.
Cash Supplies Prepaid amends Land 41400 18600 31900 80000
Cr.
Dr.
Cr.
Dr.
41400 1200 8900 80000
Cr.
Equipment
Accumulated Depreciation Accounts Payable
120000
36200 14600
120000
42200 14600
Unearned Admissions Revenue
Mortgage Payable L.Disney Capital L.Disney Drawing Admissions Revenue 14000
3700
50000 109700 14000 277500
2000
50000 109700
279200
Salaries Expense
Repair Expense Advertising Expense Utilities Expense Property Taxes Expense
105000
30500 9400 16900 18000
105000
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