journal Entries

The following transactions took place during April

April 1 Parrot invested cash in business, $100,000.

1 Paid insurance premium for seven-month camping season, $14,000.

2 Paid rent for lodge and campgrounds for the month of May, $25,000.

2 Deposited registration fees, $32,000.

2 Purchased 10 fishing boats on account for $45,000. The boats have estimated useful lives of five years, at which time they will be donated to a local day camp. Arrangements were made to pay for the boats in August.

3 Purchased food supplies from Wendy's Food Market on account, $5,000.

5 Purchased office supplies from Petersons Office Supplies on account, $1250.

7 Deposited registration fees, $48,300.

10 Purchased food supplies from Wendy's Market on account, $7,200.

10 Paid wages to fishing guides, $9,500.

14 Deposited registration fees, $34,500.

16 Purchased food supplies from Wendy's Super Market on account, $9,200.

17 Paid wages to fishing guides, $9,500.

18 Paid postage, $275.

21 Deposited registration fees, $35,600.

24 Purchased food supplies from Acme Super Market on account, $8,500.

24 Paid wages to fishing guides, $10,000.

28 Deposited registration fees, $41,000.

29 Paid wages to fishing guides, $9,500.

30 Purchased food supplies from Wendy's Super Market on account, $6,300.

30 Paid Wendys Super Market on account, $32,700.

30 Paid utilities bill, $2,750.

30 Paid phone bill, $1,350.

30 Polly Parrot withdrew cash for personal use, $5,500.

General Journal

Always list the Debit item first.

Date Accounts Debit Credit