Neosho River Resort, Inc.
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Financial accounting scenario journal for my made up company.
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Solution Summary
This solution is comprised of a detailed explanation to journalize the adjusting entries on August 31 for the 3-month period June 1-August 31.
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P3-2A Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follows.
NEOSHO RIVER RESORT, INC.
Trial Balance
August 31, 2008
Account Number Debit Credit
101 Cash $ 19,600
126 Supplies 3,300
130 Prepaid Insurance 6,000
140 Land 25,000
143 Cottages ...
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