J8 fx Credit A B C D E F G H 8 Date 9 10 11 12 Apr 1 13 14 15 Apr 2 Rent Alc-Dr 16 Apr 1 Cash Alc. - Dr Accounts and Explanation to Jack Zeeman Capital Alc. Investment of owner Insurance Payable Alc-Dr to prepaid insurance Alc. Paid insurance premium for six-month April - September To cash Alc. Account No. Debit Credit 90,000 90,000 9,000 9,000 40,000 40,000 17 Paid lodge and campgrounds rent for April 18 Apr 2 Registration fee Alc-Dr 35,000 19 To cash Alc. 35,000 20 Deposited Registration Fees 21 Apr 2 Fishing Boats Alc-Dr 60,000 22 To Accounts Payable 60,000 23 Purchased 10 fishing boats, life 5yrs, payment due in July 24 Apr 3 Food Supplies Alc - Dr 7,000 25 To Accounts Payable 7,000 26 Purchased food supplies on account-Acme Super Market 27 Apr 5 Office Supplies Alc-Dr 28 To Gordan Office Supplies Alc 500 500 29 Purchased office supplies on account-Bordon Office Supplies 30 Apr 7 Registration Fee Alc-Dr 38,600 31 To cash Alc. 38,600 32 Deposited Registration Fees 33 Apr 10 Food Supplies Alc-Dr 8,200 34 To Acme super market 8,200 35 Purchased food supplies on account-Acme Super Market 36 Apr 10 Wages Alc-Dr 10,000 37 To cash Alc. 10,000 38 Paid wages to fishing guides 39 Apr 14 Registration fee Alc-Dr 30,500 40 To cash Alc. 30,500 41 Deposited Registration Fees 42 Apr 16 Food Supplies Alc-Dr 9,000 43 To Acme super market 44 Purchased food supplies on account-Acme Super Market 9,000 45 Apr 17 Wages Alc-Dr 10,000 46 To cash Alc. 10,000 J83 A B C D E F G H 47 49 50 Paid postage 45 Apr 17 Wages Alc-Dr 46 To cash Alc. Paid wages to fishing guides 48 Apr 18 Postage Alc-Dr 51 Apr 21 Registration fee Alc-Dr 10,000 10,000 150 To cash Alc. 150 35,600 52 To cash Alc. 35,600 53 Deposited Registration Fees 54 Apr 24 Wages Alc-Dr 10,000 55 To cash Alc. 10,000 56 Purchased food supplies on account-Acme Super Market 57 Apr 24 61 62 58 59 60 Apr 28 Registration fee Alc-Dr To cash Alc. 63 Apr 29 Wages Alc-Dr 64 To cash Alc. Paid wages to fishing guides Deposited Registration Fees 32,000 32,000 10,000 10,000 65 Paid wages to fishing guides 66 Apr 30 Food supplies Alc-Dr 6,000 67 To Acme Super Market Alc. 6,000 68 Purchased food supplies on account-Acme Super Market 69 Apr 30 Acme Super Market Alc-Dr 32,700 70 To cash Alc. 32,700 71 Paid on account-Acme Super Market 72 Apr 30 Utilities Bill Alc-Dr 2,000 73 To cash Alc. 2,000 74 Paid utilities bill 75 Apr 30 Phone Bill Alc-Dr 1,200 76 77 To cash Alc. Paid phone bill 1,200 79 80 81 82 78 Apr 30 Jack Zeeman Capital Alc-Dr To Jack Zeeman Drawing Alc. Owner withdrew cash 6,000 6,000 83 483,450 483,450 Check figure 491,950 491,950 84 1 Requirement 2. 2 3 MONTHEND JOURNAL ENTRIES: STEP 1: Prepare the following monthend journal entries for April 30. STEP 2: Post joumal entries in the WORKSHEET tab. Trans# (a) Office supplies remaining on hand, $100. (b) Food supplies remaining on hand, $8,000. 11 (c) 12 (d) 13 (e) Insurance expired during the month of April, $1,500. Depreciation on the fishing boats for the month of April, $1,000. Wages earned, but not yet paid, at the end of April, $500. 14 15 16 General Ledger 17 Date Trans# General Ledger Account Description Account No. Debit Credit 18 Apr 30 (a) 19 20 Apr 30 (b) 21 22 Apr 30 (c) 23 24 Apr 30 (d) 25 28 Apr 30 (e) 27 28 Total Debits and Credits 29 80 Check Figure: 34,100 34,100 81 2 15 16 7 WORKSHEET After posting the monthend journal entries, go to Instructions for Req 3 tab. Hook & Sinker Resort Worksheet April 30, 20- Cash Office Supplies Food Supples Account Names Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Debit Credt Trans Debit Credit Trans Debit Cred Debit Cred Deb Balance Sheet Cred . (a) (b) (c) Prepaid insurance Fishing Boats Accumulated Depreciation-Fishing Boats Accounts Payable Wages Payable Jack Zeeman, Capital Jack Zeeman, Drawing Registration Fees Wages Expense Rent Expense Office Supplies Expense Food Supplies Expense Phone Expense Utilities Expense Insurance Expense) Postage Expense Depreciation Expense-Fishing Boats Check figures 328.200 328.200 (0) (0) (b) (c) (d) (d) (0) . 34,100 34.100 329,700 329,700 117.450 171,700 212.250 158.000 Net Income 0 117,450 171,700 212,250 158,000 Income Statement Balance Sheet