Bob Night opened "The General's Favorite Fishing Hole. The fishing camp is open from April through September and attracts many famoues 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 indudes room and board, the use of fishing boats, and professional instruction in fishing techniques. Ledger balances for The Generall's Favorite Fishing Hole at the end of April are as follow Accounts Payable $66,500 Bob Night, Capital 90,000 Bob Night, Drawing6,000 130,650 60,000 38,700 500 150 Prepaid Insurance9,000 171,70o Cash Fishing Boats Food Supplies Office Supplies Postage Expense Registration Fees Rent Expense Phone Expense Uilities Expense wages Expense 40,000 1,200 2,000 40,000 Adjustment information for the end of Apel is provided below a) Office stspplies remaining on hand, $100 () Food supplies remaining on hand, $8,000 (c insurance expired during the month of April, $1,500. oject #1 : Acc unting cycle Calculator 130,650 60,000 38,700 500 150 9,000 Cash Fishing Boats Food Supplies Office Supplies Postage Expense Prepaid Insurance Registration Fees171,700 Rent Expense Phone Expense Utilities Expense Wages Expense 40,000 1,200 40,000 Adjustment information for the end of April is provided below. (a) Office supplies remaining on hand, $100. (b) Food supplies remaining on hand, $8,000 c) Insurance expired during the month of April, $1,500. (d) Depreciation on the fishing boats for the month of April, $1,000. e) wages earned, but not yet paid, at the end of April, $500 Required: -5Journalize the adjusting entries (page 5). Do not enter the posting references until you complete part 6. GENERAL JOURNAL PAGE 5 DATE DESCRIPTION POST REF DEBIT CREDIT s. Journalize the adjusting entries (page 5). Do not enter the posting references until you complete part 6 ENER IR DESCRIPTION POST. RE BIT CREDIT 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. GENERAL LEDGER ACCOUNT Office Supplies ACCOUNT NO 142 Project #1: Accounting Cycle Calculator 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. Office Supplies ACCOUNT NO 142 BALANCE DATE ITEM POST. RE DEBIT CREDIT DEBIT CREDIT Apr. 29 500.00 Apr. 30Adjusting UNT Food Supplies ACCOUNT NO 144 BALANCE DATE ITEM POST. REP DEBIT CREDIT DEBIT CREDIT Apr. 30 38,700.00 30 Adjusting 35 ACCOUNT Prepaid Insurance ACCOUNT NO. 145 BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT 0- 9,000.00 Apr. 30 Adjusting 15 Prepaid Insurance At BALANCE DAT ITEM POST. REF DEBIT CREDII DEBIT CREDIT Apr. 29 9,000.00 30 Adjusting 15 ACCOUNT Accumulated Depreciation Fishino Boats ACCOUNT 181 BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT Apr. 30Adjusting 05 Wages Payable ACCOUNT NO. 219 BALANCE DATE ITEM POST REF DEBIT CREDIT DEBIT CREDIT Apr, 30 Adjusting 15 UN Wages Expense ACCOUNT NO. 511 BALANCE DOST REE Project #1: Accounting Cycle Calculator ACCOUNT Wages Expense ACCOUNT NO. 511 BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT Apr. 29 40,000.00 Apr. 30 Adjusting 15 INT ACCOUNT NO 523 BALANCE DATE ITEM POST: REF DEBIT CREDIT DEBIT CREDIT 20- Apr. 30 Adjusting 15 ACCOUNT Food Supplies Expense ACCOUNT NO. 524 BALANCE DATE ITEM POST. RE DEBIT CREDIT DEBIT CREDIT Adjusting 15 ACCOUNT Insurance Expense ACCOUNT NO 535 BALANCE ITFM 30 Adjusting 15 ies Expense BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT Apr. 30 Adjusting 15 ACCOUNT Insurance Expense ACCOUNT NO 535 BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT 20 Apr. 30 90 Adjusting 15 ACCOUNT Depreciation Expense-Fishing Boats ACCOUNT NO 542 BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT 20-- Apr. 30 Adjusting 05