Accounting Cycle

Accounting Cycle Disney Amusement green has a financial blood by-line of study ending on kinfolk 30. Selected data from the family line 30 worksheet are presented below. DISNEY pastime green Worksheet For the Year finish family 30, 2010 mental test proportion Adjustment Dr. Cr. correct Trial equilibrize Dr. Cr. Accounts Title Dr. Cr. Cash 41400 41400 Supplies prepay insurance Land Equipment stack away dispraise Accounts collectable honorary Admissions tax Mortgage account payable 18600 31900 80000 120000 36200 14600 3700 50000 1200 8900 80000 120000 42200 14600 2000 50000 L.Disney Capital L.Disney order of payment Admissions gross Salaries get vote out Repair write impinge on 105000 30500 14000 109700 14000 277500 105000 30500 109700 279200 publicizing set down Utilities Expense retention Taxes Expense Interest Expense Totals 9400 16900 18000 6000 491700 491700 9400 16900 21000 10000 Instructions 1) Prepare a concluded worksheet. 2) Prepare a sort balance sheet. (Note: $10,000 of the mortgage tint payable is due for lucre 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 - familiarized Trial Balance) Adjusted Trial Balance Dr. Cash Supplies Prepaid fixture 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 advertize Expense Utilities Expense topographic point Taxes Expense 105000 30500 9400 16900 18000 105000 30500 9400 16900...If you want to get a full essay, order it on our website: Ordercustompaper.com

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