Accounting Cycle

Accounting Cycle Disney Amusement Park has a fiscal course of study ending on kinfolk 30. Selected information from the family line 30 worksheet are presented below. DISNEY AMUSEMENT PARK Worksheet For the twelvemonth terminate September 30, 2010 Trial residue Adjustment Dr. Cr. rig Trial Balance Dr. Cr. Accounts Title Dr. Cr. money 41400 41400 Supplies Prepaid redress Land Equipment Accumulated Depreciation Accounts collectable Unearned Admissions tax Mortgage due 18600 31900 80000 120000 36200 14600 3700 50000 1200 8900 80000 120000 42200 14600 2000 50000 L.Disney Capital L.Disney displace Admissions Revenue Salaries fail down Repair write off 105000 30500 14000 109700 14000 277500 105000 30500 109700 279200 publicizing disbursal Utilities expenditure Property Taxes Expense Interest Expense Totals 9400 16900 18000 6000 491700 491700 9400 16900 21000 ten thousand Instructions 1) dress up a com plete worksheet. 2) Prepare a classify balance sheet. (Note: $10,000 of the mortgage note payable is collect 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 Unea! rned 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 30500 9400 16900...If you want to get a full essay, order it on our website: OrderEssay.net

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