please please help solve the following I only have 30 mins left: refer to the photos please solve from cash until Total debit amount of the Unadjusted Trial Balance  Cash  Supplies  Building  Accounts Payable  Notes Payable  Darrell Palusky, Capital  Withdrawals  Service Revenue  Salary Expense  Rent Expense  Property Tax Expense  Current Assets  Total Liabilities  Total Proprietorship Total debit amount of the

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please please help solve the following I only have 30 mins left: refer to the photos please solve from cash until Total debit amount of the Unadjusted Trial Balance 

Cash

 Supplies

 Building

 Accounts Payable

 Notes Payable

 Darrell Palusky, Capital

 Withdrawals

 Service Revenue

 Salary Expense

 Rent Expense

 Property Tax Expense

 Current Assets

 Total Liabilities

 Total Proprietorship

Total debit amount of the Unadjusted Trial Balance 

Party Time Amusements uses the following accounts:
Cash
Withdrawals
Supplies
Service Revenue
Building
Salary Expense
Rent Expense
Accounts Payable
Notes Payable
Property Tax expense
Darrell Palusky, Capital
Required:
- Balance Sheet accounts' ending balances as of January 31, 2020.
- Balances of the Income Statement accounts for the month ended January 31, 2020.
Transcribed Image Text:Party Time Amusements uses the following accounts: Cash Withdrawals Supplies Service Revenue Building Salary Expense Rent Expense Accounts Payable Notes Payable Property Tax expense Darrell Palusky, Capital Required: - Balance Sheet accounts' ending balances as of January 31, 2020. - Balances of the Income Statement accounts for the month ended January 31, 2020.
Party Time Amusements Company owns movie theaters. Party Time
engaged in the following business transactions in 2015:
January 1 Darrell Palusky invested $350,000 personal cash in the business by
depositing that amount in a bank account titled Party Time Amusements.
The business gave capital to Palusky.
Paid $320,000 cash to purchase a theater building.
Borrowed $220,000 from the bank. Palusky signed a note payable to the
bank in the name of Party Time.
Purchased theater supplies on account, $1,000.
Paid $600 on account.
2.
5.
10
15
Paid property tax expense on theater building. $350.
Paid employees' salaries $2,900, and rent on equipment $1,300.
Palusky withdrew $8,000.
Received $20,000 cash from service revenue and deposited that amount
in the bank.
15
16
28
30
Transcribed Image Text:Party Time Amusements Company owns movie theaters. Party Time engaged in the following business transactions in 2015: January 1 Darrell Palusky invested $350,000 personal cash in the business by depositing that amount in a bank account titled Party Time Amusements. The business gave capital to Palusky. Paid $320,000 cash to purchase a theater building. Borrowed $220,000 from the bank. Palusky signed a note payable to the bank in the name of Party Time. Purchased theater supplies on account, $1,000. Paid $600 on account. 2. 5. 10 15 Paid property tax expense on theater building. $350. Paid employees' salaries $2,900, and rent on equipment $1,300. Palusky withdrew $8,000. Received $20,000 cash from service revenue and deposited that amount in the bank. 15 16 28 30
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