Instructions The general ledger and worksheet for The General's Favorite Fishing Hole for the month ended May 31 is shown. The General's Favorite Fishing Hole Work Sheet For the Month Ended May 31, 20- ADJUSTED ADJUSTED 1 ACCOUNT TITLE TRIAL BALANCE TRIAL BALANCE ADJUSTMENTS ADJUSTMENTS TRIAL BALANCE TRIAL BALANCE 2 3 Cash DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT INCOME STATEMENT DEBIT INCOME STATEMENT CREDIT BALANCE SHEET BALANCE SHEET DEBIT CREDIT 154,355.00 154,355.00 154,355.00 Accounts Receivable s Office Supplies Food Supplies 7 Prepaid Insurance Prepaid Subscriptions Land Buildings 30.00 30.00 30.00 1,200.00 63,675.00 7,500.00 120.00 100,000.00 530,000.00 1,050.00 150.00 150.00 57,750.00 5,925.00 5,925,00 1,500.00 6,000.00 6,000.00 10.00 110.00 110.00 100,000.00 100,000.00 530,000.00 530,000.00 13 Accumulated Depreciation-Buildings 800.00 800.00 800.00 12 Fishing Boats 69,000.00 69,000.00 69,000.00 13 Accumulated Depreciation-Fishing Boats 1,000.00 1,150.00 2,150.00 2,150.00 14 Surround Sound System 3,600,00 3,600.00 3,600.00 15 Accumulated Depreciation-Surround Sound System 60.00 60.00 60.00 36 Big Screen TV 8,000.00 8,000.00 8,000.00 Accumulated Depreciation-Big Screen TV 75.00 75.00 75.00 18 Accounts Payable 75,525.00 75,525.00 75,525.00 19 Wages Payable 6,000.00 20 Bob Night, Capital 738,250.00 6,000,00 738,250.00 6,000.00 738,250.00 21 Bob Night, Drawing 7,500.00 7,500.00 7,500.00 22 Registration Fees 240,850.00 25 Vending Commission Revenue 200.00 30.00 240,850.00 250.00 240,850.00 230.00 24 Wages Expense 25 Advertising Expense 59,500,00 4,300.00 6,000.00 65,500.00 4,300.00 65,500.00 4,300.00 Rent Expense 27 Office Supplies Expense 28 Food Supplies Expense 29 Phone Expense 30 Utilities Expense 40,000,00 40,000.00 40.000.00 1,050.00 1,050.00 1,050.00 57,750,00 57,750.00 57,750.00 1,800.00 1,800,00 1,800.00 3,300,00 3,300,00 3,300.00 32 Insurance Expense 32 Repair Expense Depreciation Expense Buildings 34 Depreciation Expense-Surround Sound System 35 Depreciation Expense-Fishing Boats 1,000.00 1,500.00 2,500.00 2,500.00 850.00 850.00 850.00 800.00 800.00 800.00 60.00 60.00 60.00 1,150.00 1,150.00 1,150.00 Depreciation Expense-Big Screen TV 32 Satellite Programming Expense 31 Subscriptions Expense 75.00 75.00 75.00 125.00 125.00 125.00 10.00 10.00 10.00 $1,055,825.00 $1,055,825.00 $68,425.00 $68,425.00 $1,063,940.00 $1,063,940.00 Net Income 41 179,270.00 61,810,00 $241,080.00 241,080.00 884,670.00 822,860.00 61,810.00 $241,080.00 $884,670.00 $884,670.00