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25 Minutes, Strong
a. (1)
PROBLEM 4.3
A
GUNFLINT ADVENTURES
Age of airplane in months = accumulated depreciation/monthly depreciation.
30 Minutes, Medium
Au
g
. 31 15,200
Pre
p
aid Film Rental 15,200
PROBLEM 4.4
A
CAMPUS THEATER
To record Au
g
ust depreciation expense
(
$168,000 ÷ 240 months
)
.
2015
a.
(Adjusting Entries)
(1)
General Journal
Film Rental Expense
Film rental expense incurred in Au
g
ust.
b. (1)
PROBLEM 4.4A
CAMPUS THEATER (concluded)
Eight months (bills received January through August). Utilities bills are recorded as
30 Minutes, Medium
2015 Accounts Receivable
PROBLEM 4.5
A
TERRIFIC TEMPS
a.
(Adjusting Entries)
General Journal
(1)
6. 4,800$
PROBLEM 4.5
A
b. TERRIFIC TEMPS (concluded)
Utilities expense (no adjustment required)
30 Minutes, Medium
a.
(Adjusting Entries)
General Journal
PROBLEM
4
.
6A
ALPINE
EXPEDITIONS
2015 Accounts Receivable
(1)
1. $ 13,900
6. 57,600$
9. $ 10,000
Notes payable (no adjustment required)
Cash (no adjustment required)
PROBLEM 4.6A
b.
A
LPINE EXPEDITIONS (continued)
Climbing equipment (no adjustment necessary)
PROBLEM 4.6
A
ALPINE EXPEDITIONS (concluded)
60 Minutes, Strong
PROBLEM 4.7
A
KEN
HENSLEY
ENTERPRISES
,
INC
.
a.
(Adjusting Entries)
General Journal
To record December insurance expense ($1,500 x1/6).
b.
115,000$
18,540$
1,900 2,930
Supplies Expense
Insurance Expense
Salaries Expense
PROBLEM 4.7
A
KEN HENSLEY ENTERPRISES, INC. (continued)
Ken Hensley Enterprises, Inc.
For the Year Ended December 31, 2015
Studio Revenue Earned
Income Statement
