Answer:
BLOSSOM HOTEL
Trial Balance
May 31, 2022
Debit Credit
Cash $2,513
Supplies $2,600
Prepaid Insurance $1,800
Land $15,013
Buildings $67,600
Equipment $16,800
Accounts Payable $4,713
Unearned Rent Revenue $3,300
Mortgage Payable $33,600
Common Stock $60,013
Retained earnings $4,700
$106,326 $106,326
Rent Revenue $9,000
Salaries and Wages Expense $3,000
Utilities Expense $800
Advertising Expense $500
net income $4,700
adjusting entries:
Dr Insurance expense 450
Cr Prepaid insurance 450
Dr Supplies expense 1,530
Cr Supplies 1,530
Dr Depreciation expense 4,920
Cr Accumulated depreciation building 2,760
Cr Accumulated depreciation equipment 2,160
Dr Interest expense 140
Cr Interest payable 140
Dr Unearned revenue 2,620
Cr Rent revenue 2,620
Dr Wages expense 720
Cr Wages payable 720
BLOSSOM HOTEL
Income Statement
<u>May 31, 2022</u>
Rent Revenue $11,620
Salaries and Wages Expense $3,720
Utilities Expense $800
Supplies expense $1,530
Depreciation expense $4,920
Advertising Expense $500
Insurance expense $450
<u>Interest expense $140</u>
net loss -$440
BLOSSOM HOTEL
Balance Sheet
<u>May 31, 2022</u>
Debit Credit
Cash $2,513
Supplies $1,070
Prepaid Insurance $1,350
Land $15,013
Buildings $64,840
Equipment $14,640
Accounts Payable $4,713
Interest payable $140
Wages payable $720
Unearned Rent Revenue $680
Mortgage Payable $33,600
Common Stock $60,013
Retained earnings ($440)
$99,426 $99,426
Answer:
N=5
, PV=-120
, PMT=4
, FV=145
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $120
Assuming figure - Future value or Face value = $145
PMT = 4
NPER = 5
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
This is the answer and the same is not given in the options
Answer:
PV= $31,794.12
Explanation:
Giving the following information:
Monthly payment= $600
Number of months= 5*12= 60 months
Interest rate= 0.05/12= 0.004167
<u>To calculate the present value of the monthly payments, we need to use the following formula:</u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= monthly payments
PV= 600*{(1/0.004167) - 1/ [0.004167*(1.004167^60)]}
PV= $31,794.12
Answer:
The answer is false.
Explanation:
Everybody has personal values, i.e. certain things they find most imperative throughout everyday life. This likewise stretches out to the world of work; your work values to a great extent decide your working style and inclinations.
Additionally, managers will frequently cling to certain center qualities which characterize the organization culture and how the business is lead. Arrangement with them will, no doubt, be a main factor while selecting new representatives.
Monitoring your personal values and those of the organization you're applying to will enable you to decide if the job– and the business in general – is ideal for you, and additionally finding how you can be ideal for them.
PLS MARK ME AS BRAINLIEST
Answer:
Will be terminated
Explanation:
Given:
Rafi's offers for the tour of Bay Harbor = $500
Tiara’s willing to pay = $400
Argue:
Tiara’s Travel Group is not willing to pay the price that Rafi wants to get, Tiara’s Travel Group wants to bow down the price below that value, so Tiara’s Travel Group will reject Rafi's offer.
