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. The chart of
accounts for the camping operations is provided below.
The following transactions took place during April 20--.
Required:
1. Enter the transactions in a general
journal. Enter transactions from April 1-5 on page 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.
The entries for April 1-2 have been entered in the journal and
posted to the ledgers as examples.
- Journalize And Post Month 1 Bob Night Opened The General S Favorite Fishing Hole The Fishing Camp Is Open From April 1 (53.49 KiB) Viewed 40 times
- Journalize And Post Month 1 Bob Night Opened The General S Favorite Fishing Hole The Fishing Camp Is Open From April 2 (50.6 KiB) Viewed 40 times
- Journalize And Post Month 1 Bob Night Opened The General S Favorite Fishing Hole The Fishing Camp Is Open From April 3 (50 KiB) Viewed 40 times
- Journalize And Post Month 1 Bob Night Opened The General S Favorite Fishing Hole The Fishing Camp Is Open From April 4 (25.52 KiB) Viewed 40 times
- Journalize And Post Month 1 Bob Night Opened The General S Favorite Fishing Hole The Fishing Camp Is Open From April 5 (80.58 KiB) Viewed 40 times
- Journalize And Post Month 1 Bob Night Opened The General S Favorite Fishing Hole The Fishing Camp Is Open From April 6 (71.81 KiB) Viewed 40 times
- Journalize And Post Month 1 Bob Night Opened The General S Favorite Fishing Hole The Fishing Camp Is Open From April 7 (55.89 KiB) Viewed 40 times
GENERAL JOURNAL PAGE 2 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Apr. 7 Collected registration fees Apr. 10 Purchased food supplies on account from Acme Super Market Apr. 10 Paid wages to guides Apr. 14 Collected registration fees Apr. 16 Purchased food supplies on account from Acme Super Market Apr. 17 Paid wages to guides Apr 18 Paid postage
GENERAL JOURNAL PAGE 3 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Apr. 21 Collected registration fees Apr. 24 Purchased food supplies on account from Acme Super Market Apr. 24 Paid wages to guides Apr. 28 Collected registration fees Apr. 29 Paid wages to guides Apr. 30 Purchased food supplies on account from Acme Super Market Apr. 30 Made payment on account to Acme Super Market
GENERAL JOURNAL PAGE 4 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Apr. 30 Paid utility bill Apr 30 Paid phone bill Apr. 30 Owner's withdrawal
2. Post the entries to the general ledger. (If you are not using the working papers that accompany this text, you will need to enter the account titles and account numbers in the general ledger accounts.) The entries April 1-18 have been entered in the journal and posted to ledger as an example, If an amount box does not require an entry, leave it blank. GENERAL LEDGER ACCOUNT Cash ACCOUNT NO. 101 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- Apr. 1 J1 90,000.00 90,000.00 81,000.00 Apr. 1 J1 9,000.00 Apr. 2 J1 40,000.00 41,000.00 Apr. 2 J1 35,000.00 76,000.00 Apr. 7 J2 Apr. 10 J2 Apr. 14 J2 Apr. 17 J2 Apr. 18 J2 Apr. 21 J3 Apr 24 J3 Apr. 28 J3 Apr. 29 J3 Apr. 30 J3 Apr. 30 J4 Apr. 30 J4 Apr. 30 J4 ACCOUNT Office Supplies 142 ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Apr. 5 J1
ACCOUNT Food Supplies ACCOUNT NO. 144 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Apr. 3 J1 Apr. 10 J2 Apr. 16 J2 Apr. 24 13 Apr. 30 J3 ACCOUNT Prepaid Insurance ACCOUNT NO. 145 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Apr. 1 J1 9,000 9,000 ACCOUNT Fishing Boats ACCOUNT NO. 181 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Apr. 2 J1 60,000.00 60,000.00 ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- Apr. 2 J1 60,000.00 60,000.00 Apr 3 J1 Apr. 5 J1 Apr. 10 J2 Apr 16 J2 Apr. 24 J3 Apr 30 13 Apr. 30 J3
ACCOUNT Bob Night, Capital 311 ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Apr. 1 J1 90,000.00 90,000.00 ACCOUNT Bob Night, Drawing ACCOUNT NO. 312 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Apr. 30 J4 ACCOUNT Registration Fees ACCOUNT NO. 401 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20- Apr. 2 J1 35,000.00 35,000.00 Apr. 7 J2 Apr. 14 J2 Apr. 21 J3 Apr. 28 J3 ACCOUNT Wages Expense ACCOUNT NO. 511 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Apr. 10 J2 Apr. 17 J2 Apr. 24 J3 Apr. 29 J3
ACCOUNT Rent Expense ACCOUNT NO. 521 BALANCE DEBIT DATE ITEM POST. REF. DEBIT CREDIT CREDIT 20-- Apr. 2 J1 40,000.00 40,000.00 ACCOUNT Phone Expense ACCOUNT NO. 525 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- Apr. 30 14 ACCOUNT Utilities Expense ACCOUNT NO. 533 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Apr. 30 14 ACCOUNT Postage Expense ACCOUNT NO. 536 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- Apr. 18 J2