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Bob Night opened The GeneraFs Favorite Fishing Hole. The nshing camp is open from April through September and attracts many famous coliege basketbai coaches during

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Bob Night opened "The GeneraFs Favorite Fishing Hole." The nshing camp is open from April through September and attracts many famous coliege basketbai coaches during the off-season. Guests typically register for one week, amiving on Sunday aftemoon 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 May are as follow: Adjustment information at the end of May is provided below. (a) Total vending machine sales were 52,300 for the month of May. A.10\% commission is earned on these sales (b) Straight-line depreciation is used for the 10 boats purchased on April 2 for $60,000. The useful life for these assets is five years and there is no salvage value. A full month's depreciation was taken in Aprit on these boats. Straightine degreciation is also used for the two boats purchased in May. Make one adjusting entry for all depreciation on the boats. (c) Straight-line depreciation is used to depreciate the surround sound system. (d) Straight-line depreciation is used to depreciate the big screen TV. (e) Straight-line depreciation is used for the buiding purchased in May. (f) On Apnt 2. Night paid 59,000 for insurance duriry the six-month camping season. May's portion of this premium was used up during this month. (9) Night received his May issues of Fishing Rlistrated, Fishing Unlimited, and Fish Master. (h) Oftice supplies remaining on hand, 5150 , (e) (1) (9) (n) ()) (u) 6. Post the adjusting entries to the general ledger, If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 5 and complete the posting in the qeneral joumal Check My Work

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