Exercise Account (192)

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4-45
PROBLEM 4-4A (Continued)
(c) Sept. 30 Supplies Expense...................................... 17,400
Supplies............................................... 17,400
30 Insurance Expense ................................... 23,000
Prepaid Insurance ............................ 23,000
30 Depreciation Expense.............................. 6,000
Accumulated Depreciation............ 6,000
30 Unearned Admissions Revenue........... 1,700
Admissions Revenue ...................... 1,700
30 Property Taxes Expense ......................... 3,000
Property Taxes Payable.................. 3,000
30 Interest Expense........................................ 4,000
Interest Payable ................................ 4,000
(d) Sept. 30 Admissions Revenue ............................... 279,200
Income Summary.............................. 279,200
30 Income Summary....................................... 239,200
Salaries Expense .............................. 105,000
Repair Expense ................................. 30,500
Insurance Expense........................... 23,000
Property Taxes Expense ................ 21,000
Supplies Expense............................. 17,400
Utilities Expense ............................... 16,900
Interest Expense ............................... 10,000
Advertising Expense ....................... 9,400
Depreciation Expense..................... 6,000
30 Income Summary....................................... 40,000
L. Disney, Capital.............................. 40,000
30 L. Disney, Capital....................................... 14,000
L. Disney, Drawing ........................... 14,000