Barry Bird opened the Barry Bird Basketball Camp for children ages 10 through 18. Campers typically register for one week in June or July, arriving on Sunday and returning home the following Saturday. College players serve as cabin counselors and assist the local college and high school coaches who run the practice sessions. The registration fee includes a room, meals at a nearby restaurant, and basketball instruction. In the off-season, the facilities are used for weekend retreats and coaching clinics

Assets

101 Cash

142 Office Supplies

183 Athletic Equipment

184 Basketball Facilities

511 Wages Expense 512 Advertising Expense

Liabilities

524 Food Expense 202 Accounts Payable

525 Telephone Expense

533 Utilities Expense

Owner?s Equity

536 Postage Expense 311 Barry Bird, Capital

312 Barry Bird, Drawing

Revenues

401 Registration Fees

"The following transactions took place during the month of June: June 1Bird invested cash in the business, $10,000. 1 Purchased basketballs and other athletic equipment, $3,000. 2 Paid Hite Advertising for flyers that had been mailed to prospective campers, $5,000. 2 Collected registration fees, $15,000. 2 Rogers Construction completed work on a new basketball court that cost $12,000. Arrangements were made to pay the bill in July. 5 Purchased office supplies on account from Gordon Office Supplies, $300. 6 Received bill from Magic?s Restaurant for meals served to campers on account, $5,800. 7 Collected registration fees, $16,200. 10 Paid wages to camp counselors, $500. 14 Collected registration fees, $13,500. 14 Received bill from Magic?s Restaurant for meals served to campers on account, $6,200. 17 Paid wages to camp counselors, $500. 18 Paid postage, $85. 21 Collected registration fees, $15,200. 22 Received bill from Magic?s Restaurant for meals served to campers on account, $6,500. 24 Paid wages to camp counselors, $500. Collected registration fees, $14,000. 28 Received bill from Magic?s Restaurant for meals served to campers on account, $7,200. 30 Paid wages to camp counselors, $500.

30 Paid Magic?s Restaurant on account, $25,700.

30 Paid utility bill, $500.

30 paid telephone bill, $120.

30 Bird withdrew cash for personal use, $2,000."

Mastery Problem pages 128-129 General Journal Date Description Post Ref. Debit General Journal Date Description Post Ref. Debit General Journal Date Description Post Ref. Debit General Journal Date Description Post Ref. Debit General Journal Date Description Post Ref. Debit General Journal Date Description Post Ref. Debit Page 1 Credit Page 2 Credit Page 3 Credit Page 4 Credit Page 5 Credit Page 6 Credit General Ledger Account: Date Account: Date Account: Date Cash Item Post Ref Debit Credit Post Ref Debit Credit Debit Credit Office Supplies Item Athletic Equipment Item Post Ref Account: Date Account: Date Account: Date Account: Date Account: Date Basketball Facilities Item Post Ref Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Accounts Payable Item Post Ref Barry Bird, Capital Item Post Ref Barry Bird, Drawing Item Post Ref Registration Fees Item Post Ref Account: Date Account: Date Account: Date Account: Date Account: Wages Expense Item Post Ref Debit Credit Post Ref Debit Credit Post Ref Debit Credit Debit Credit Advertising Expense Item Food Expense Item Telephone Expense Item Utilities Expense Post Ref Date Account: Date Item Post Ref Debit Credit Debit Credit Postage Expense Item Post Ref Acct. No. 101 Balance Debit Credit Acct. No. 142 Balance Debit Credit Acct. No. 183 Balance Debit Credit Acct. No. 184 Balance Debit Credit Acct. No. 202 Balance Debit Credit Acct. No. 311 Balance Debit Credit Acct. No. 312 Balance Debit Credit Acct. No. 401 Balance Debit Credit Acct. No. 511 Balance Debit Credit Acct. No. 512 Balance Debit Credit Acct. No. 524 Balance Debit Credit Acct. No. 525 Balance Debit Credit Acct. No. 533 Balance Debit Credit Acct. No. 536 Balance Debit Credit Barry Bird Basketball Camp Trial Balance June 30, 2000 Account Acct. No. Debit Balance Credit Balance Barry Bird Basketball Camp Income Statement For Month Ended June 30, 2000 Barry Bird Basketball Camp Statement of Owner's Equity For Month Ended June 30, 2000 Barry Bird Basketball Camp Balance Sheet June 30, 2000