Assuming the Waldref hotel was closed, and you were asked to prepare the final financial...
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Assuming the Waldref hotel was closed, and you were asked to prepare the final financial statements given the following information 1-Aug-17 DebitCree- Cash Accounts Receivable Inventory Food Inventory Beverage Supplies Inventories Prepaid Insurance Furniture (New) Equipment Hotel Building Accumulated Depreciation-Equip.&Building Accounts Payable Current portion of long-term loan payable Guest Advance Deposits Long-term Loan Payable (Five years at 5% interest) Common Stock Accumulated Retained Earnings 1,193,000 102,000 35,000 25,000 220,000 120,000 252,000 300,000 8,000,000 150,000 40,000 2,000 80,000 250,000 1,100,000 150,000 9,095,000 700,000 Food
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