DANILO CABULAY Accounting Equation FAN POOL PREPAID MORTGAGE ACCOUNTS CASH SAILBOATS SYSTEM STRUCTURE LAND INSURANCE PAYABLE PAYABLE CAPITAL 832,000.00 (644,000.00) June 1 832,000.00 Initial Inve June 2 208,000.00 85,000.00 1,440,000.00 400,000.00 1,489,000.00 June 3 (14,800.00) (10,800.00) (32,000.00) (14,800.00) Advertisin June 3 10,800.00 June 3 65,200.00 33,200.00 June 3 3,500.00 3,500.00 Concessior June 3 (3,680.00) Advertisin (6,320.00) Boat renta (924.40) Miscellane 26,325.00 Boat renta 3,680.00 June 3 (6,320.00) (924.40) June 5 June 8 26,325.00 June 9 8,360.00 8,360.00 June 15 (42,000.00) (42,000.00) Salaries sx June 16 (3,680.00) (10,520.00) (3,680.00) June 16 (10,520.00) Withdrawa June 16 8,540.00 8,540.00 June 16 30,430.00 30,430.00 Boat renta June 19 (426.40) (4,800.00) 50,820.00 (426.40) Miscellane June 20 (4,800.00) June 22 50,820.00 Boat renta June 23 (4,520.00) (4,520.00) (840.00) (46,520.00) (4,180.00) (14,200.00) (18,800.00) (4,320.00) (4,520.00) (11,560.00) June 24 (840.00) Utilities ex (46,520.00) Salaries ex June 29 June 30 (4,180.00) June 30 June 30 June 30 (14,200.00) Utilities ex (12,000.00) Interet exp (4,320.00) Utilities ex (6,800.00) une 30 48,520.00 44,000.00 une 30 (11,560.00) Withdraw: 46,320.00 Boat renta une 30 une 30 46,320.00 1,820.00 1,820.00 Concession 116,004.20 325,740.00 93,360.00 1,440,000.00 400,000.00 10,800.00 1,482,200.00 80,600.00 # 823,104.20

Trial balance is the statement prepared for the purpose of checking if the debits in the books are…

Answered: DANILO CABULAY Accounting Equation FAN POOL PREPAID MORTGAGE ACCOUNTS CASH SAILBOATS SYSTEM STRUCTURE LAND INSURANCE PAYABLE PAYABLE CAPITAL 832,000.00…

FINANCIAL ACCOUNTING

10th Edition

ISBN: 9781259964947

Author: Libby

Publisher: MCG

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Question

create balance sheet,trial balance and income statement. do it nicely. follow the instructions on attached images.

DANILO CABULAY
Accounting Equation
FAN
POOL
PREPAID
MORTGAGE
ACCOUNTS
CASH
SAILBOATS
SYSTEM
STRUCTURE
PAYABLE
PAYABLE
CAPITAL
LAND
INSURANCE
June 1
832,000.00
832,000.00 Initial Inve
(644,000.00)
(14,800.00)
(10,800.00)
(32,000.00)
June 2
208,000.00 85,000.00
1,440,000.00
400,000.00
1,489,000.00
June 3
(14,800.00) Advertisin
June 3
10,800.00
June 3
65,200.00
33,200.00
3,500.00 Concessior
(3,680.00) Advertisin
(6,320.00) Boat renta
(924.40) Miscellane
June 3
3,500.00
June 3
3,680.00
(6,320.00)
(924.40)
June 3
June 5
June 8
26,325.00
26,325.00 Boat renta
June 9
8,360.00
8,360.00
(42,000.00)
(3,680.00)
(10,520.00)
June 15
(42,000.00) Salaries sx
June 16
(3,680.00)
June 16
(10,520.00) Withdrawa
June 16
8,540.00
8,540.00
30,430.00
(426.40)
(4,800.00)
June 16
30,430.00 Boat renta
June 19
(426.40) Miscellane
June 20
(4,800.00)
June 22
50,820.00
50,820.00 Boat renta
June 23
(4,520.00)
(4,520.00)
(840.00)
(46,520.00)
(4,180.00)
(14,200.00)
(18,800.00)
(4,320.00)
(4,520.00)
(11,560.00)
June 24
(840.00) Utilities ex
(46,520.00) Salaries ex
June 29
June 30
(4,180.00)
June 30
(14,200.00) Utilities ex
(12,000.00) Interet exp
(4,320.00) Utilities ex
June 30
(6,800.00)
June 30
June 30
48,520.00
44,000.00
(11,560.00) Withdrawa
46,320.00 Boat renta
June 30
June 30
46,320.00
June 30
1,820.00
1,820.00 Concession
116,004.20
325,740.00 93,360.00
1,440,000.00
400,000.00
10,800.00
1,482,200.00
80,600.00
# 823,104.20

Using the attached answer prepared the worksheet
using the format below:
Example:
Trial Balance
Income Statement
Balance Sheet
ACCOUNT TITLE
DR.
CR.
Dr.
Cr.
Dr.
Cr.
Cash

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