The Aussie Pie company sells Australian meat pies. At January 1, the company had an accounts receivable balance of $500,000 (debit) and an allowance for doubtful accounts balance of $25,000 (credit). During the year, the company had total sales of $2,000,000 (all on credit) and collected $1,900,000 of accounts receivable. Also during the year, the company wrote off $30,000 of bad debts. At year end, the company determined that the allowance for doubtful accounts should have a balance of $34,000 (credit). As part of the year end adjusting journal entry, the company will g

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31