Discuss how the court will have to manage the issues you selected
July 6, 2020Laurentian Lodge_CVP Analysis
July 6, 2020
| Account Title |
Adjusted Trial Balance |
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Dr. |
|
Cr. |
| Cash |
|
26,750 |
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| Accounts Receivable |
11,900 |
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| Supplies |
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3,900 |
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| Prepaid Insurance |
3,700 |
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| Land |
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50,000 |
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| Building |
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57,500 |
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| Accum. Depr. – Building |
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24,800 |
| Equipment |
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32,000 |
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| Accum. Depr. – Equip. |
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11,100 |
| Accounts Payable |
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3,350 |
| Wages Payable |
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100 |
| Unearned Rent |
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700 |
| Capital Stock |
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30,000 |
| Retained Earnings |
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95,350 |
| Dividends |
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2,000 |
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| Service Revenue |
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36,000 |
| Rent Revenue |
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2,000 |
| Wages Expense |
5,100 |
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| Rent Expense |
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2,500 |
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| Utilities Expense |
1,650 |
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| Supplies Expense |
1,500 |
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| Depreciation Expense – Building |
1,400 |
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| Insurance Expense |
1,100 |
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| Depreciation Expense – Equipment |
900 |
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| Miscellaneous Expense |
1,500 |
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| Totals |
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2,03,400 |
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2,03,400 |
| AC2760 |
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| Week 4 Assignment |
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| Wizard Services Co. offers security services to business clients. |
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| To Do: |
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| 1. |
Complete the following end of period spreadsheet (work sheet) for Wizard Services Co. |
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Please use the drop-down list (right of the cell) to enter the account description box on the worksheet. |
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| 2. |
Prepare the following: |
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a. an income statement for July |
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b. a retained earnings statement for July |
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c. a balance sheet as of July 31.
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