[MARIERJ09]

THE GENERALS FAVORITE FISHING HOLE:
Bob night opened the generals favorite fishing hole the fishing camp is open from April through September & attracts many famous college basketball coaches during the off season. Guest typically register for one week arriving on Sunday afternoon & returning home the following Sunday afternoon the registration fee includes room and board the use of fishing boats & professional instruction in fishing techniques the chart of accounts for the camping operations is provided below:
Revenues
401 Registration fees

Expenses
511 wages expense
521 rent expense
523 office supplies
524 food supplies and expense
525 telephone expense
533 utilities expense
535 insurance expense
536 postage expense
542 Depr.EXP.-fishing boats

Assets
101 cash
142 office supplies
144 food supplies
145 prepaid insurance
181 fishing boats
181.1 Accum.Depr,-Fishing Boats
LIABILITIES
202 Accounts payable
219 wages payable
Owners Equity
311 Bob night, capital
312 Bob night, drawing
313 Income summary

The following transactions took place during April 20--

Apr.1 night invested cash in business 90,000
1 paid insurance premium for camping season 9,000
2 paid rent for lodge and campgrounds for the month of April 40,000
2 deposited registration fees 35,000
2 purchased 10 fishing boats on account for 60,000 boats have been estimated useful lives of five years at which time they will be donated to a local day camp arrangements were made to pay for the boats in July
3 purchased food supplies from acme super market account 7,000
Purchased office supplies from Gordon office supplies on account 500
7 deposited registration fees 38,600
10 purchase food supplies from acne super market on account 8,200
10 paid wages to fishing guides 10,000
14 deposited registration fees 30,500
16 purchased food supplies from acne super market on account 9,000
17 paid wages to fishing guides 10,000
18 paid postage 150
21 Deposited registration fees 35,600
24 purchased food supplies from acme super market on account 8,500
24 paid wages to fishing guides 10,000
28 deposited registration fees 32,000
29 paid wages to fishing guides 10,000
30 purchased food supplies from acme super market on account 6,000
30 paid acme super market on account 32,700
30 paid utilities bill 2,000
30 paid telephone bill 1,200
30 bob night withdrew cash for personal use 6,000

ADJUSTMENT INFORMATION FOR THE END OF APRIL IS PROVIDED BELOW
A) OFFICE SUPLLIES REMAINING ON HAND 100
B) B)FOOD SUPPLIES REMAINING ON HAND 8,000
C) C)INSURANCE EXPIRED DURING THE MONTH OF APRIL 1,500
D) D) DEPRECIATION ON THE FISHING BOATS FOR THE MONTH OF APRIL 1,000
E) WAGES EARNED, BUT NOT YET PAID AT THE END OF APRIL 500


REQUIRED
1. ENTER THE ABOVE TRANSACTIONS IN A GENERAL JOURNAL. ENTER TRANSACTIONS FROM APRIL 1-5 ON PAGES 1, APRIL 7-18 ON PAGE 2, APRIL 21-29 AND THE FIRST TWO ENTRIES FOR APRIL 30 ON PAGE 3, AND THE REMAINING ENTRIES FOR APRIL 30 ON PAGE 4.
2. POST THE ENTIRES TO THE GENERAL LEDGER
3. PREPARE A TRIAL BALANCE
4. 4COMPLETE THE WORK SHEET
5. PREPARE THE INCOME STATEMENT
6. PREPPARE THE STATEMENT OF OWNERS EQUITY
7. PREPARE THE BALANCE SHEET
8. JOURANLIZE THE ADJUSTING ENTRIES
9. POST THE ADJUSTING ENTRIES TO THE GENERALS LEDGER
10. JOURNALISE THE CLOSING ENTIRES
11. POST THE CLOSING ENTRIES TO THE GENERAL LEDGER
12. PREPARE A POST TRAL BALANCE



I REALLY NEED THE CLOSING AND ADJUSTING ENTRIES I HAVE COMPLETED EVERYTHING ELSE