Question

1 Approved Answer

Posted on Sep 03, 2024

Income Statement ructions general ledger and worksheet for The Generaf's Favorite Fishing Hole for the month ended May 31 is shown ACCOUNT TITLE TRIAL BALANCE

Income Statement ructions general ledger and worksheet for The Generaf's Favorite Fishing Hole for the month ended May 31 is shown ACCOUNT TITLE TRIAL BALANCE DEBIT 154.355.00 Cash Acunts Receivable 1.200.00 Office Supplies 45475.00 Food Supplies Statement of Owner's Equity The General's Favorite Fishing Hole Work Sheet For the Month Ended May 31, 20- ADRUSTMENTS ADRUSTMENTS DEBIT CREDIT TRIAL BALANCE CREDIT 30.00 ADUSTED TRIAL BALANCE CEBIT 1,025.00 III ADAISTED TRIAL BALANCE CREDIT Food Supplies Prepand Inuance Prepaid Subscriptions Land Buildings Accumulated Depreciation Buildings Fishing Boats 13 Accumulated Depreciation Fishing Boats Surround Sound System Accumulated Depreciation Surround Sound System Big Somm TV Accumulated Depreciation Big Screen TV Accounts Payable Wages Payable Bob Night, Capital Bob Night, Drawing Registration Fees 63.675.00 1.500.00 120.00 100,000.00 550.000.00 69.000.00 5.600.00 1.000.00 1,500.00 1.000.00 75.525.00 758,250.00 240,850.00 57.750.00 1,500,00 10.00 800.00 1.150.00 60.00 75.00 6.000.00 5.325.00 6.000.00 110.00 100.000.00 $50,000.00 69,000.00 3.600.00 8.000.00 7.500.00 800.00 2.150.00 60.00 75.00 75.525.00 6.000.00 758250.00 140.850.00 CUNng and meaning resourc gabion Fees Winding Commission Rev Advertising Expense Office Supplies Expense Food Supplies Expense Phone Expense Utilities Expense Insuraree Expose Repair Expense Depreciation Expense Buildings Depreciation Expense-Surround Sound System Deprecation Expense-Fishing Boats Depreciation Expense-Big Screen TV Satellite Programming Expense Subscriptions Expense 59,500.00 4.300.00 40.000.00 1.800.00 1.300.00 1.000.00 850,00 125.00 240.850.00 200.00 6.000.00 1.050.00 57.750.00 1.500.00 800,00 60.00 L150.00 75.00 10.00 30.00 65.500.00 4.300.00 40.000.00 1.050.00 57,750.00 1.800.00 1,300.00 2.500.00 850.00 100.00 60.00 1155.00 15.00 125.00 10.00 24050.00 230.00 P Depren Expense Fishing Bits Depreciation Expense-Big Screen TV Satellite Programming Expense Subscriptions Expense Net Income 41 Account Cash Account Accounts Receivable Account Office Supplies Account: Food Supplies Account Prepaid trourance Account: Prepaid Subscriptions Account Land Account Buildings GENERAL LEDGER 125.00 $1.055.825.00 $1.055.825.00 11500 75.00 10.00 $68425.00 115che 75.00 125.00 10.00 $68,425.00 $1.061.940.00 Account 101 Act No. 122 Account to 142 Account 144 AN 145 Account No 141 Act No. 171 $1.061.940.00 Account: Accumulated Depreciation Buildings Account: Fishing Boats Account: Accumulated Depreciation-Fishing Boats Account: Surround Sound System Account: Accumulated Depreciation Surround Sound System Account: Big Screen TV Account: Accumulated Depreciation Big Screen TV Account Accounts Payable Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account: Registration Fees Account: fending Commission Revenue Account: Wages Expense Account: Advertising Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone Expense Account: Utilities Expense Account Insurance Expense Anunt Donair Fence Account No. 171.1 Account No. 181 Account No. 181.1 Account No. 182 Account No. 182.1 Account No. 183 Account No. 183.1 Account No. 202 Account No. 219 Account No. 311 Account No. 312 Account No. 401 Account by 404 Account No. 511 Account No. 512 Account No. 521 Account No. 523 Account No. 524 Account No. 525 Account No. 533 Account No. 535 17 Around in teaching crearning Account: Food Supplies Expense Account: Phone Expense Account: Utilities Expense Account: Insurance Expense Account: Repair Expense Account: Depreciation Expense Buildings Account: Depreciation Expense-Surround Sound System Account: Depreciation Experse-Fishing Boats Account: Depreciation Experse-Big Screen TV Account: Satelite Programming Expense Account: Subscriptions Expense Required: 7 Prepare the income statement 8 Prepare the statement of owner's equity 9 Prepare the balance sheet Account No. 514 Account No: 525 Account N. 523 Account No. 535 Account No. $37 Account No. 540 Account N. 541 Account No. 54 Account No. 546 Act No. 54 Income Statement ructions general ledger and worksheet for The Generaf's Favorite Fishing Hole for the month ended May 31 is shown ACCOUNT TITLE TRIAL BALANCE DEBIT 154.355.00 Cash Acunts Receivable 1.200.00 Office Supplies 45475.00 Food Supplies Statement of Owner's Equity The General's Favorite Fishing Hole Work Sheet For the Month Ended May 31, 20- ADRUSTMENTS ADRUSTMENTS DEBIT CREDIT TRIAL BALANCE CREDIT 30.00 ADUSTED TRIAL BALANCE CEBIT 1,025.00 III ADAISTED TRIAL BALANCE CREDIT Food Supplies Prepand Inuance Prepaid Subscriptions Land Buildings Accumulated Depreciation Buildings Fishing Boats 13 Accumulated Depreciation Fishing Boats Surround Sound System Accumulated Depreciation Surround Sound System Big Somm TV Accumulated Depreciation Big Screen TV Accounts Payable Wages Payable Bob Night, Capital Bob Night, Drawing Registration Fees 63.675.00 1.500.00 120.00 100,000.00 550.000.00 69.000.00 5.600.00 1.000.00 1,500.00 1.000.00 75.525.00 758,250.00 240,850.00 57.750.00 1,500,00 10.00 800.00 1.150.00 60.00 75.00 6.000.00 5.325.00 6.000.00 110.00 100.000.00 $50,000.00 69,000.00 3.600.00 8.000.00 7.500.00 800.00 2.150.00 60.00 75.00 75.525.00 6.000.00 758250.00 140.850.00 CUNng and meaning resourc gabion Fees Winding Commission Rev Advertising Expense Office Supplies Expense Food Supplies Expense Phone Expense Utilities Expense Insuraree Expose Repair Expense Depreciation Expense Buildings Depreciation Expense-Surround Sound System Deprecation Expense-Fishing Boats Depreciation Expense-Big Screen TV Satellite Programming Expense Subscriptions Expense 59,500.00 4.300.00 40.000.00 1.800.00 1.300.00 1.000.00 850,00 125.00 240.850.00 200.00 6.000.00 1.050.00 57.750.00 1.500.00 800,00 60.00 L150.00 75.00 10.00 30.00 65.500.00 4.300.00 40.000.00 1.050.00 57,750.00 1.800.00 1,300.00 2.500.00 850.00 100.00 60.00 1155.00 15.00 125.00 10.00 24050.00 230.00 P Depren Expense Fishing Bits Depreciation Expense-Big Screen TV Satellite Programming Expense Subscriptions Expense Net Income 41 Account Cash Account Accounts Receivable Account Office Supplies Account: Food Supplies Account Prepaid trourance Account: Prepaid Subscriptions Account Land Account Buildings GENERAL LEDGER 125.00 $1.055.825.00 $1.055.825.00 11500 75.00 10.00 $68425.00 115che 75.00 125.00 10.00 $68,425.00 $1.061.940.00 Account 101 Act No. 122 Account to 142 Account 144 AN 145 Account No 141 Act No. 171 $1.061.940.00 Account: Accumulated Depreciation Buildings Account: Fishing Boats Account: Accumulated Depreciation-Fishing Boats Account: Surround Sound System Account: Accumulated Depreciation Surround Sound System Account: Big Screen TV Account: Accumulated Depreciation Big Screen TV Account Accounts Payable Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account: Registration Fees Account: fending Commission Revenue Account: Wages Expense Account: Advertising Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone Expense Account: Utilities Expense Account Insurance Expense Anunt Donair Fence Account No. 171.1 Account No. 181 Account No. 181.1 Account No. 182 Account No. 182.1 Account No. 183 Account No. 183.1 Account No. 202 Account No. 219 Account No. 311 Account No. 312 Account No. 401 Account by 404 Account No. 511 Account No. 512 Account No. 521 Account No. 523 Account No. 524 Account No. 525 Account No. 533 Account No. 535 17 Around in teaching crearning Account: Food Supplies Expense Account: Phone Expense Account: Utilities Expense Account: Insurance Expense Account: Repair Expense Account: Depreciation Expense Buildings Account: Depreciation Expense-Surround Sound System Account: Depreciation Experse-Fishing Boats Account: Depreciation Experse-Big Screen TV Account: Satelite Programming Expense Account: Subscriptions Expense Required: 7 Prepare the income statement 8 Prepare the statement of owner's equity 9 Prepare the balance sheet Account No. 514 Account No: 525 Account N. 523 Account No. 535 Account No. $37 Account No. 540 Account N. 541 Account No. 54 Account No. 546 Act No. 54