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I need help with this as it seems more complex than before. I believe I was doing it wrong, help much needed, thank you Bob
I need help with this as it seems more complex than before. I believe I was doing it wrong, help much needed, thank you
Bob Night opened "The Genenl's Favorite Fishing Hole." The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday aftemoon and retuming home the following Saturday aftemoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. The chart of accounts for the camping operations is provided below. The following transactions took place during April 2020: April Night invested cash in business, 590,000 . W. Paid insurance premium for six-month camping season, $9,000. 2. Paid rent for lodge and campgrounds for the month of April, $40,000. Deposited registration fees, $35,000. Purchased 10 fishing boats on account for $60,000. The boats have estimated useful lives of five years, at which time they will be donated to a local day camp. Amangements were made to pay for the boats in July. 3 Purchased food supplies from Acme Super Market on account, \$7,000. 5 Purchased office supplies from Gordon Office Supplies on account, $500. 7 Deposited registration fees, $38,600. 10 Purchased food supplies from Acme Super Market on account, \$8,200. 10 Paid wages to fishing guides, $10,000. 14 Deposited registration fees, $30,500. 16 Purchased food supplies from Acme Super Market on account, $9,000. Tensaction cuetin3sdoe nitipue - 17 Pasd wages ta fishing guides, 510,000 18 Puid postage, 5150 21 Depowited registration fors, 5,35,600. 24. Purchased food aupplies from Acme Super Market on accoent, 58,500 24 Paid wages to fishing guides, $10,000. 28 Deposited registration fces, 332,000 29 Paid wages to fishing puiddes, $10,000. 30. Parchased food supplies from Acme Super Marker on account, 56,000 30 Pajd Acene Saper Market on account, \$32,700. 30 Paid utilities bill $2,000 30 Paid telephone btil, 51,200 . 30 Bob Night withdrew eash for personal use, $6,000. GENERAL LEDGEA. Accowr Cash Account Office Supglias Rocoukt Propaid insumance Aewoukr Fishing Bouts Agosunt Acoumidatnd Deprociation-Fishing Boats accokect Wagos Pigable Nocourt no 219 aconuer Bob Night, Capital NCCovert no. 311 Aooquert Bob Nght Draiving Account No 312 Aocount no. 313 Acoount Reghtration Fees ACCoust tha 401 Account Wages Expense ACCDUNT No 511 AcoouvI Tclephone Exmense Accourt hea 525 Ahaumt Insurmen Exionso ACcoUNI na. 535 acoount veprteston Exponso-Fishing Boats MOCOUNT NO: 542 Babanight Step by Step Solution
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