What are the solutions to Wiley plus accounting chapter 4?

Answer 1

The adjusted trial balance for Rego Bowling Alley at December 31, 2014, contains the following accounts.

Debits

Credits

Buildings $128,000 Common Stock $80,000 Accounts Receivable 7,540 Retained Earnings 28,000 Prepaid Insurance 4,680 Accumulated Depreciation-Buildings 42,600 Cash 18,040 Accounts Payable 12,300 Equipment 62,400 Notes Payable 95,000 Land 67,000 Accumulated Depreciation-Equipment 18,720 Insurance Expense 780 Interest Payable 2,600 Depreciation Expense 7,360 Service Revenue 19,180 Interest Expense 2,600 $298,400

$298,400