Instructions The general ledger, income statement, statement of owner's equity and balance sheet for The General's Favorite Fishing Hole at the end of April is shown. Account: Cash Account: Office Supplies Account: Food Supplies Account: Prepaid Insurance Account: Fishing Boats Account: Accumulated Depreciation-Fishing Boats Account Accounts Payable Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account: Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Experse Account: Phone Expense Account: Utilities Expense GENERAL LEDGER Account No. 1011 Account No. 142 Account No. 144 Account No. 145 Account No. 181 Account No. 181.1 Account No. 202 Account No. 219 Account No. 211 Account No. 312 Account No. 401 Account No. 511 Account No. 521 Account No. 523 Account No. 524 Account No. 525 Account No. 533 Instructions Revenues 2 Registration Fees Expenses Wages Expense The General's Favorite Fishing Hole Income Statement For Month Ended April 30, 20- $40,500.00 $171,700.00 5 Rent Expense 40,000.00 6 Office Supplies Expense 400.00 Food Supplies Expense 30,700,00 Phone Expense 1,200.00 ' Utilities Expense 2,000.00 10 Insurance Expense 1,500.00 11 Postage Expense 150.00 12 Depreciation Expense-Fishing Boats 1,000.00 117,450.00 21 Total Expenses $54,250.00 14 Net Income * to Night CAL LW G Check My Work Check My W 8: # 3 $ 34 The fing D % 55 5000 1000000 1000.00 B 16 8 A DAL " " & 7 . 8-> V Save and bd Instructions 1 2 Current Assets: 3 Cash Office Supplies Food Supplies Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Fishing Boats The General's Favorite Fishing Hole Balance Sheet April 30, 20-- Assets 10 Less: Accumulated Depreciation-Fishing Boats 11 Total Assets 12 Liabilities 13 Current Liabilities 14 Accounts Payable 11 Wages Payable 16 Total Current Liabilities 17 Owner's Equity $130,650.00 100.00 8,000.00 7,500.00 $146,250.00 $60,000.00 1,000.00 59,000.00 $205,250.00 $66,500.00 500,00 $67,000.00 Instructions 1000Supplies 6 Prepaid Insurance 7 Total Current Assets 8 Property, Plant, and Equipment: 0,000.00 7,500.00 $146,250.00 9 Fishing Boats $60,000.00 20 Less: Accumulated Depreciation-Fishing Boats 1,000.00 11 Total Assets 59,000.00 $205,250.00 12 Liabilities 13 Current Liabilities: 14 Accounts Payable 15 Wages Payable 16 Total Current Liabilities 17 Owner's Equity 18 Bob Night, Capital 19 Total Liabilities and Owner's Equity Required: 10. Journalize the closing entries. 11. Post the closing entries to the general ledger. 12. Prepare a post-closing trial balance. $66,500.00 500.00 $67,000.00 138,250.00 $205,250.00 General Joumal 10. Journalize the closing entries. General Journal Instructions 2 4 10 11 12 DATE GENERAL JOURNAL ACCOUNT TITLE Closing Entries: PAGE 5 POST REF DEBIT CREDIT 11 Trial Balance ET G 12. Prepare a post-closing trial balance. 1 Cash The General's Favorite Fishing Hole POST-CLOSING TRIAL BALANCE April 30, 20 ACCOUNT TITLE 2 Office Supplies Food Supplies Prepaid Insurance 5 Fishing Boats 6 Accumulated Depreciation-Fishing Boats 7 Accounts Payable Wages Payable Bob Night, Capital 10 Totals DEBIT CREDIT CREDIT 90,000.00 Ac BA DEBIT Account: Cash Account: Office Supplies Account: Food Supplies Account: Prepaid Insurance Account: Fishing Boats Account: Accumulated Depreciation-Fishing Boats Account: Accounts Payable Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account: Income Summary " DATE Account Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense GENERAL LEDGER Account No. 1011 Account No. 142 Account No. 144 Account No. 145 Account No. 181 Account No. 181.1 Account No. 202 Account No. 219 Account No. 311 Account No. 312 Account No. 313 ITEM POST REF BALANCE DEBIT CREDIT CREDIT Account No. 401 Account No. 511 Account No. 521 Account No. 523 Account No. 524 " 83 E 54 R 55 " 4 916 T Y 17 D F G H C > 4 t 00 8 9 0 U 1 0 J K L P < > B N M . } 13 74 55 31 9 B & 49 7 11 81 B 10- 1 9 0 00 - T T Y U } P } [ 1 S D F G H J K L E R " < > V B N M . 63 3 " 44 E LL 55 A 6 & 87 R T Y D F " . 1 B 9 0 U G H a 1 J = w 0 P : K L = Account: Accumulated Depreciation-Fishing Boats Account: Accounts Payable Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account: Income Summary Account: Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone Expense Account No. 181 Account No. 181.1 Account No. 202 Account No. 219 Account No. 311 Account No. 312 Account No. 313 Account No. 401 Account No. 511 Account No. 521 Account No. 523 Account No. 524 DATE 1 Apr. 30 2 Account: Utilities Expense Account: Insurance Expense Account: Postage Expense Account Depreciation Expense-Fishing Boats Account No. 525 BALANCE ITEM POST REF DEBIT CREDIT DEBIT CREDIT 14 1,200.00 1,200.00 Account No. 533 Account No. 535 Account No. 536 Account No. 542 General Ledger Account: Food Supplies Account: Prepaid Insurance Account: Fishing Boats Account: Accumulated Depreciation-Fishing Boats Account: Accounts Payable Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account: Income Summary Account: Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone Expense Account: Utilities Expense DATE 1 Apr. 30 7 Account No. 144 Account No. 145 Account No. 181 Account No. 181.1 Account No. 202 Account No. 219 Account No. 311 Account No. 312 Account No. 313 Account No. 401 Account No. 511 Account No. 521 Account No. 523 Account No. 524 Account No. 525 Account No. 533 BALANCE ITEM POST REF DEBIT CREDIT DEBIT CREDIT 34 2,000.00 2,000.00 Account: Insurance Expense Account: Postage Expense Account: Depreciation Expense-Fishing Boats Check My Work 3 more Check My Work uses remaining Account No. 535 Account No. 536 Account No. 542 Previous Ne: Lwork Save and Exit Submit Assignment for 43 54 E R D 55 LL F 31 96 7 18 T Y U 21 ' 8 9 ' c 0 1 O G H J K L P General Ledger Account: Food Supplies Account: Prepaid insurance Account: Fishing Boats Account: Accumulated Depreciation-Fishing Boats Account: Accounts Payable Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account: Income Summary Account: Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone Expense Account: Utilities Expense Account Insurance Expense Account: Postage Expense Account No. 144 Account No. 145 Account No. 181 Account No. 181.1 Account No. 202 Account No. 219 Account No. 311 Account No. 312 Account No. 313 Account No. 401 Account No. 511 Account No. 5211 Account No. 523 Account No. 524 Account No. 525 Account No. 533 Account No. 535 Account No. 536 DATE Apr 18 2 Account: Depreciation Expense-Fishing Boats BALANCE ITEM POST REF DEBIT CREDIT 12 150.00 150.00 CREDIT Account No. 542 3 4 95 5 6 & 7 E R T Y D F G H .00 U J 6 K $ 0 O 14 7 P