Accounting project
Post the entries to the general ledger |
Polly Parrot opened Parrots Campgrounds. The camp is open from April through October. Campers typically register for one week, arriving on Sunday afternoon and packing up the following Saturday afternoon. The registration fee includes space and meals , the use of fishing boats, and other activities around the campgrounds. The chart of accounts for the camping operations is provided below. |
General Journal Always list the Debit item first. Date Accounts Debit Credit 1-Apr Cash Invested into buisness 100,000 Cash Invested into buisness 100,000 1-Apr Prepaid Insurance 14,000 cash 14,000 2-Apr Rent 25,000 cash 25,000 2-Apr cash 32,000 Deposit registration fee 32,000 2-Apr Fishing boats August 45,000 account payable 45,000 3-Apr food supply purchase on account 5,000 accounts payable wendys 5,000 5-Apr office supply 1,250 accounts payable 1,250 7-Apr cash 48,300 registration fee deposit 48,300 10-Apr food supply purchase on account 7,200 account payable wendys 7,200 10-Apr wage expense fishing guides 9,500 cash 9,500 14-Apr cash 34,500 registration fee deposit 34,500 16-Apr food supply purchase on account 9,200 account payable wendys 9,200 17-Apr wage expense fishing guides 9,500 cash 9,500 18-Apr postage 275 accounts payable 275 21-Apr cash 35,600 Deposit registration fee 35,600 24-Apr food supply purchase on account 8,500 account payable Acme 8,500 24-Apr wage expense fishing guides 10,000 cash 10,000 28-Apr cash 41,000 Deposit registration fee 41,000 29-Apr wage expense fishing guides 9,500 cash 9,500 30-Apr food supply purchase on account 6,300 account payable Wendys 6,300 30-Apr account payable payment on account 32,700 accfood supply cash 32,700 30-Apr Utilities 2,750 cash 2,750 30-Apr phone bill 1,350 cash 1,350 30-Apr drawing 5,500 cash 5,500 This is the total of all your entries. If it does not match the next line you have journals that are posted incorrectly. Note this check figure is arbitrary and it will not balance to any other numbers in this problem. Column Totals 493,925 493,925 Check figure 493,925 493,925
General Journal | |||
Date | Accounts | Debit | Credit |
01-Apr | Cash | 100,000 | |
Capital, Parrot | 100,000 | ||
01-Apr | Prepaid Insurance | 14,000 | |
Cash | 14,000 | ||
02-Apr | Rent Expense (Lodge & Campgrounds Rent - May) | 25,000 | |
Cash | 25,000 | ||
02-Apr | Cash | 32,000 | |
Registration Fees | 32,000 | ||
02-Apr | Equipment (Boat Purchase) | 45,000 | |
Accounts Payable | 45,000 | ||
03-Apr | Food Supplies (Wendy's) | 5,000 | |
Accounts Payable | 5,000 | ||
05-Apr | Office Supplies | 1,250 | |
Accounts Payable | 1,250 | ||
07-Apr | Cash | 48,300 | |
Registration Fees | 48,300 | ||
10-Apr | Food Supplies (Wendy's) | 7,200 | |
Accounts Payable | 7,200 | ||
10-Apr | Wages Expense | 9,500 | |
Cash | 9,500 | ||
14-Apr | Cash | 34,500 | |
Registration Fees | 34,500 | ||
16-Apr | Food Supplies (Wendy's) | 9,200 | |
Accounts Payable | 9,200 | ||
17-Apr | Wages Expense | 9,500 | |
Cash | 9,500 | ||
18-Apr | Postage Expense | 275 | |
Cash | 275 | ||
21-Apr | Cash | 35,600 | |
Registration Fees | 35,600 | ||
24-Apr | Food Supplies (ACME) | 8,500 | |
Accounts Payable | 8,500 | ||
24-Apr | Wages Expense | 10,000 | |
Cash | 10,000 | ||
28-Apr | Cash | 41,000 | |
Registration Fees | 41,000 | ||
29-Apr | Wages Expense | 9,500 | |
Cash | 9,500 | ||
30-Apr | Food Supplies (Wendy's) | 6,300 | |
Accounts Payable | 6,300 | ||
30-Apr | Accounts Payable (Wendy's) | 32,700 | |
Cash | 32,700 | ||
30-Apr | Utilities Expense | 2,750 | |
Cash | 2,750 | ||
30-Apr | Telephone Expense | 1,350 | |
Cash | 1,350 | ||
30-Apr | P Parrot Drawings | 5,500 | |
Cash | 5,500 | ||
Column Totals | 493,925 | 493,925 | |
Check figure | 493,925 | 493,925 | |
Difference | - | - |
Accounting project Post the entries to the general ledger Polly Parrot opened Parrots Campgrounds. The camp...
Will Rate Answer!
Bob Night opened "The General's Favorite Fishing Hole." The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. Ledger balances for The General's Favorite Fishing Hole at the end of April are as...
12. Prepare a post-closing trial balance. Be sure to list the items in order of their liquidity, starting with Assets, Liabilities and then Owner's Capital. If an amount box does not require an entry, leave it blank. The General's Favorite Fishing Hole Post-Closing Trial Balance April 30, 20-- Account Acct. No. Debit Balance Credit Balance Cash 101 130,650 130,650 X Wages Payable x 523 x 400 X 400 x Food Supplies Expense x 524 x 30,700 X 30,700 X Insurance...
How would I post May 1st and 2nd to the general journal?
May 1st Cash Debit 200, Vending commission revenue credit
200
May 2nd Surround sound system Debit 3,600, Big screen Tv Debit
8,000, Cash Credit 11,600
Is this Correct?
E Chapter 6A, Problem 2CPA Bookmark Show all steps: ON During the month of May 20- The General's Favorite Fishing Hole engaged in the following transactions. These transactions required an expansion of the chart of accounts as shown below. Revenues...
complete general ledger
PELICAN COMPANY On April 1, John Thompson opened Pelican Company. The company provides services to a variety of customers. The company was organized as a sole proprietorship and has a monthly accounting period. The following transactions occurred during April. Thompson invested $37,000 cash in the company. The company paid $20,000 cash for equipment. The company paid $2,400 cash for the premium on a 12-month insurance policy Coverage begins on April 1. The company paid $2,900 cash to...
Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense LU these events and tra n s Problem 3-OSA (Part Level Submission) Blue Spruce Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the Apr. 1 Stockholders invested $19,900 cash in exchange for common stock of...
Post the transactions,
adjusting and closing entries into the appropriate t-accounts.
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 32,300 12,000 19,000 points Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total eBook 5,700 7,000 43,000 7,600 63,300 Print 63,300 References The following is a summary of the transactions for the year: a. Service revenue, $110,000, of which $33,000 was on...
8-3 APPLICATION PROBLEM Preparing a post-closing trial balance Use the general ledger accounts for Len's Laundry below. A form to complete a post-closing trial balance is given below Prepare a post-closing trial balance for Len's Laundry on April 30 of the current year. NOCOUNT Cash OCOUNT NO 110 c Accounts Receivable Natasha Goodlad Apr 30 Balance Apr 30 Balance c Accounts Receivable-R. Henry MOCOUNT NO 140 ies GCOUNT NO 150 EALANG ApT.30 Balance Apr 30 Balance G12 45 010에 1431|...
GENERAL LEDGER IN LAST 3 PHOTOS
Post the transactions for June 1 - 30 to the General
Ledger. Opening balances have been provided above. Be sure to keep
running balance in each account.
Case Study Full Accounting Cycle Melissa Days and Kelly Harbor formed the Corporation Sports R Us. They sell sporting goods and give lessons. They have hired you to update their transactions for the business. They have provided you with the opening balances and a list of transactions...
8-2 APPLICATION PROBLEM Journalizing and posting closing entries Use the journal and general ledger accounts for Len's Laundry below. A partial work sheet for the month ended April 30 of the current year is shown below. BALANCE SHEET Cash a Accounts Recelvable-Natasha Goodlad - Accounts RecelvableR Henry " Supplies 760700 49800 43100 20000 Prepaid Insurance . Accounts Payable-Tri-County Supplies ' Accounts Payable West End Supply Co. -- tt-t- 38100 55500 6 52700 Leonard Long, Capital Leonard Long, Drawing , 1...
Print B. Henderson Fishing Charters has collected the following data for the December 31 adjusting entries: (Click the icon to view the data.) Read the requirements Requirement 1. Joumalize the adjusting entries needed on December 31 for Henderson Fishing Charters. Assume Henderson records adjusting entries only at the end of the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. The company received its electric bill on December 20 for...