Question
1 Post the transaction from General Journal in Tab 1 in the ledger accounts below. 2 Go to tab 3 andsee if Col b and
1 Post the transaction from General Journal in Tab 1 in the ledger accounts below.
2 Go to tab 3 andsee if Col b and C balance.If they do, you have posted everything correctly If they do not balance, you will need to find your posting error in the general ledger below. When you balance go to step 3
3 Go to Tab 4 andjournalthe adjusting entries
4 Come back to Tab 2 and post adjusting entries
in the orange rows.
5 Check the Worksheet to make sure you are in balance.
6 Prepare and post closing entries
Parrots Campground
Cash- 101 General Ledger
Ref Description Debit Credit Balance Office Supplies - 130
Beginning Balance - 0 Ref Description Debit Credit Balance
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0
- 0 Equipment - Fishing Boats - 180
- 0 Ref Description Debit Credit Balance
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0
- 0 Accumulated Depreciation 181
- 0 Ref Description Debit Credit Balance
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
Accounts Receivable-120
Ref Description Debit Credit Balance Food Supplies 150
- 0 Ref Description Debit Credit Balance
- 0 - 0
Capital-300 - 0
Ref Description Debit Credit Balance - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
Draw-310 Prepaid Insurance 160
Ref Description Debit Credit Balance Ref Description Debit Credit Balance
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0
Wage Expense -501
Ref Description Debit Credit Balance Prepaid Rent
- 0 Ref Description Debit Credit Balance
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0
- 0 Accounts Payable- 200
- 0 Ref Description Debit Credit Balance
- 0
Food Supply Expense - 524 - 0
Ref Description Debit Credit Balance - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0
Insurance Expense 532 - 0
Ref Description Debit Credit Balance
- 0 wages Payable - 210
- 0 Ref Description Debit Credit Balance
- 0 - 0
- 0 - 0
- 0 - 0
- 0
- 0 Registration Fees-400
- 0 Ref Description Debit Credit Balance
Office Supply Expense 521 - 0
Ref Description Debit Credit Balance - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
- 0 - 0
Utilities Expense 533 Rent Expense 520
Ref Description Debit Credit Balance Ref Description Debit Credit Balance
- 0 beg balance - 0
- 0 - 0
- 0 - 0
- 0 - 0
Depreciation Expense - 550 Phone Expense- 523
Ref Description Debit Credit Balance Ref Description Debit Credit Balance
- 0 - 0
0 - 0
0 - 0
0 - 0
0
Postage Expense 540
Income Summary-313 Ref Description Debit Credit Balance
Ref Description Debit Credit Balance - 0
e Fees Income - 0
f Expenses - 0 - 0
- 0 - 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
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Financial & Managerial Accounting
Authors: Jan Williams
16th Edition
78111048, 978-0078111044
