Hi,

I'm supposed to complete the following Accounting Cycle Revenue problem (see link below). I've attached my own worksheet, and I would like to know if I am on the right track. If not, please help! Thank you.

https://books.google.com/books?id=iuobCgAAQBAJ&pg=PA263&lpg=PA263&dq=accounting+cycle+revenue+problem+a+judar+blast&source=bl&ots=_JnUvsSneI&sig=l-B2kI4FvNN4B32lv1D66JurdqA&hl=en&sa=X&ved=0CCwQ6AEwAmoVChMI3JvI8sW7yAIVA48-Ch1o8A8M#v=onepage&q=accounting%20cycle%20revenue%20problem%20a%20judar%20blast&f=false

Accounting Cycle Review Problem A Name: Briana Curry For this problem, the journal, ledger, and work sheet and statements are under separate tabs. Enter the appropriate amounts/formulas in the shaded (gray) cells, or select from the drop-down lists. Not all cells should be populated. An asterisk (*) will appear in the column to the right of an incorrect answer. 1. & 5. GENERAL JOURNAL Date 20-July 1 2 2 2 3 5 6 Description Page Post. Ref. Debit Cash L. Judar, Capital Invested cash in business. 111 311 121 122 124 126 223 111 292,000 96,200 148,800 3,800 Prepaid Insurance Cash Paid one-year premium for insurance. 114 111 12,240 Pool/Slide Facility Accounts Payable Cash Bought inner tubes from Worn Tires. 124 221 111 1,225 Cash Concessions Income Received payment for rental space for video games and food concessions. 111 412 250 Advertising Expense Accounts Payable Grand opening expenses from Party Rentals and City Star. 513 221 1,320 Pool Maintenance Expense Cash July payment on contract to All-Around Maintenance. 511 111 1,600 135,000 420,800 120,000 12,240 725 500 250 1,320 1,600 GENERAL JOURNAL Date 20-July 6 7 9 14 15 16 16 17 Credit 135,000 Land Building Pool/Slide Facility Pool Furniture Mortgage Payable Cash Bought Blast Off!. 1 Description Page 2 Post. Ref. Debit Miscellaneous Expense Cash Paid for employee picnic. 522 111 128 Cash Income from Services Received cash for services rendered. 111 411 12,086 Pool Maintenance Expense Accounts Payable Bought parts on account from Arlen's Pool Supply. 511 221 646 Cash Income from Services Received cash for services rendered. 111 411 10,445 Wages Expense Cash Paid wages for period July 1-July 14. 512 111 9,460 Accounts Payable Cash Paid Party Rentals and City Star on account. 221 111 1,150 L. Judar, Drawing Cash Withdrawal for personal use. 312 111 2,500 Pool Furniture Accounts Payable 126 221 Credit 2,100 128 12,086 646 10,445 9,460 1,150 2,500 2,100 Bought pool furniture from Pool Suppliers. Date 20-July 18 21 21 23 25 29 31 31 31 Date 20-July 31 31 31 31 31 GENERAL JOURNAL Post. Description Ref. 31 31 31 Debit Miscellaneous Expense Cash Paid for costume alterations. 522 111 Cash Income from Services Received cash for services rendered. 111 411 10,330 Accounts Payable Cash Partial payment to Worn Tires. 221 111 600 Accounts Payable Pool Furniture Received allowance from Pool Suppliers for damaged chairs. 221 126 225 Utilities Expense Cash Received and paid telephone bill. 514 111 292 Wages Expense Cash Paid wages for period July 15-July 28. 512 111 8,227 Cash Income from Services Received cash for services rendered. 111 411 11,870 Accounts Payable Cash Paid Arlen's Pool Supply on account. 221 111 360 Utilities Expense Cash Received and paid water bill. 514 111 Credit 328 684 GENERAL JOURNAL Post. Description Ref. 328 10,330 600 225 292 8,227 11,870 360 684 Page 4 Debit Interest Expense Mortgage Payable Cash Paid installment on mortgage. 515 223 111 Utilities Expense Cash Received and paid electric bill.. 514 111 942 Pool/Slide Facility Accounts Payable Cash Bought inner tubes from Worn Tires. 124 221 480 L. Judar, Drawing Cash Withdrawal for personal use. 312 111 3,200 Accounts Receivable Concessions Income Additional revenue from concessions. 112 412 Credit 1,980 1,910 234 Adjusting Entries 31 Page 3 3,890 942 380 100 3,200 234 31 10. Date 20-July 31 31 31 31 GENERAL JOURNAL Post. Description Ref. Closing Entries Page 5 Debit Credit Accounting Cycle Review Problem A Name: For this problem, the journal, ledger, and work sheet and statements are under separate tabs. Enter the appropriate amounts/formulas in the shaded (gray) cells, or select from the drop-down lists. Not all cells should be populated. An asterisk (*) will appear in the column to the right of an incorrect answer. Enter as per the transactions. 2. 6. & 11. GENERAL LEDGER Account Cash Date Account No. Item Post. Ref. 111 Balance Debit Credit Debit Credit 20-July Account Accounts Receivable Date Item Account No. Post. Ref. 112 Balance Debit Credit Debit Credit 20-July Account Prepaid Insurance Date Item Account No. Post. Ref. 114 Balance Debit Credit Debit Credit 20-July Account Land Date Account No. Item Post. Ref. 121 Balance Debit Credit Debit Credit 20-July Account Date Building Account No. Item Post. Ref. 122 Balance Debit Credit Debit Credit 20-July Account Date 20-July Accumulated Depreciation, Building Item Post. Ref. Account No. 123 Balance Debit Credit Debit Credit Account Date Pool/Slide Facility Item Account No. Post. Ref. 124 Balance Debit Credit Debit Credit 20-July Account Date Accumulated Depreciation, Pool/Slide Facility Item Post. Ref. Account No. 125 Balance Debit Credit Debit Credit 20-July Account Date Pool Furniture Item Account No. Post. Ref. 126 Balance Debit Credit Debit Credit 20-July Account Date Accumulated Depreciation, Pool Furniture Item Post. Ref. Account No. 127 Balance Debit Credit Debit Credit 20-July Account Date Accounts Payable Item Account No. Post. Ref. 221 Balance Debit Credit Debit Credit 20-July Account Date Wages Payable Item Account No. Post. Ref. 222 Balance Debit Credit Debit Credit 20-July Account Date Mortgage Payable Item Account No. Post. Ref. 223 Balance Debit Credit Debit Credit 20-July Account Date L. Judar, Capital Item Account No. Post. Ref. 311 Balance Debit Credit Debit Credit 20-July Account Date 20-- L. Judar, Drawing Item Account No. Post. Ref. 312 Balance Debit Credit Debit Credit July Account Date Income Summary Item Account No. Post. Ref. 313 Balance Debit Credit Debit Credit 20-July Account Date Income from Services Item Account No. Post. Ref. 411 Balance Debit Credit Debit Credit 20-July Account Date Concessions Income Item Account No. Post. Ref. 412 Balance Debit Credit Debit Credit 20-July Account Date Pool Maintenance Expense Item Account No. Post. Ref. 511 Balance Debit Credit Debit Credit 20-July Account Date Wages Expense Item Account No. Post. Ref. 512 Balance Debit Credit Debit Credit 20-July Account Date Advertising Expense Item Account No. Post. Ref. 513 Balance Debit Credit Debit Credit 20-July Account Date Utilities Expense Item Account No. Post. Ref. 514 Balance Debit Credit Debit Credit 20-July Account Date 20-July Interest Expense Item Account No. Post. Ref. 515 Balance Debit Credit Debit Credit Account Date Insurance Expense Item Account No. Post. Ref. 517 Balance Debit Credit Debit Credit 20-July Account Date Depreciation Expense, Building Item Post. Ref. Account No. 518 Balance Debit Credit Debit Credit 20-July Account Date Depreciation Expense, Pool/Slide Facility Item Post. Ref. Account No. 519 Balance Debit Credit Debit Credit 20-July Account Date Depreciation Expense, Pool Furniture Item Post. Ref. Account No. 520 Balance Debit Credit Debit Credit 20-July Account Date 20-July Miscellaneous Expense Item Account No. Post. Ref. 522 Balance Debit Credit Debit Credit Accounting Cycle Review Problem A Name: For this problem, the journal, ledger, and work sheet and statements are under separate tabs. Enter the appropriate amounts/formulas in the shaded (gray) cells, or select from the drop-down lists. Not all cells should be populated. An asterisk (*) will appear in the column to the right of an incorrect answer. Identifying letter will not be graded. 3. & 4. Blast Off! Work Sheet For the Month Ended July 31, 20-- Account Name Trial Balance Debit Credit Cash Accounts Receivable Prepaid Insurance Land Building Pool/Slide Facility Pool Furniture Accounts Payable Mortgage Payable L. Judar, Capital L. Judar, Drawing Income from Services Concessions Income Pool Maintenance Expense Wages Expense Advertising Expense Utilities Expense Interest Expense Miscellaneous Expense Net Income 7. Blast Off! Income Statement For the Month Ended July 31, 20-Revenues: Total Revenue Expenses: Total Expenses Net Income 8. Blast Off! Statement of Owner's Equity For the Month Ended July 31, 20-- Subtotal Adjustments Debit Credit Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit 9. Blast Off! Balance Sheet July 31, 20-Assets Total Assets Liabilities Total Liabilities Owner's Equity Total Liabilities and Owner's Equity 12. Blast Off! Post-Closing Trial Balance July 31, 20-Debits Total Credits