lournalize and Post Month 1 Bob Night opened The General's Favorite Fishing Hole. The fishing camp is open from Apri through September and Sunday afternoon and returning home the following Saturday afternoon. The registration fee indudes room and board, the use of fishing boats, and professional instruction in fishing techniques. The chart of accounts for the provided below attracts many famous college baskethall coaches during the off-season. Guests typically register for one week, arriving on camping operations is The General's Favorite Fishing Hole Chart of Accounts Assets 101 142 Office Supplies 144 145 181 Fishing Boats 181.1 Accum. Depr--Fishing Boats Cash 401 Registration Fees Food Supplies Expenses 511 521 523 Prepaid Insurance wages Expense Rent Expense Office Supplies Expense S24 e Food Supplies Expense iabilities 202 Accounts Payable 21 Wages Payable 525 533 535 536 $42 Phone Expense Utilities Expense Insurance Expense Postage Expense Depr. Exp- Fishing Boats Ownor's Equity Bob Night, Capital Bob Income Summary 211 Night, Drawing 313 Income The following transactions took place during April 20 Apr. 1 Night invested cash in business, $90,000. I Paid insurance premium for six-month camping season, $9,000 2 Paid rent for lodge and campgrounds for the month of April, $40,000. 2 Deposited registration fees, $35,000. 2 Purchased 10 fishing boats on account for $60,000. 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 July 3 Purchased food supplies from Acme Super Market on account, $7,000. 5 Purchased office supplies from Gordon Office Supplies on account, $500. Deposited registration fees, $38,600. 10 Purchased food supplies from Acme Super Market on account, $8,200. 10 Paid wages to fishing guides, s10,000 14 Deposited registration fees, $30,500. 16 Purchased food supplies from Acme Super Market on a 17 Paid wages to fishing guides, $10,000. 18 Paid postage, $150 $9,000 1 Deposited registration fees, $35,600. Purchased food supplies from Acme Super Market on account, $8,500 24 Paid wages to fishing guides, $10,000. 28 Deposited registration fees, $32,000 29 Paid wages to fishing guides, $10,000 30 Purchased food supplies from Acme Super Market on account, $6,000 7 Deposited registration fees, $38,600. 10 Purchased food supplies from Acme Super Market on account, $8,200 10 Paid wages to fishing quides, $10,000. 14 Deposited registration fees, $30,500. 16 Purchased food supplies from Acme Super Market on account, $9,000. 17 Paid wages to fishing guides, $10,000. 18 Paid postage, $150. 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, $32.000. 29 Paid wages to fishing quides, $10,000. ao Purchased food supplies from Acme Super Market on account, $6,000. 30 Paid Acme Super Market on account, $32.700 30 Paid utilities bill, $2,000. 30 Paid phone bill, $1.200 30 Bob Night withdrew cash for personal use, $6,000. Required: the transactions in a general journal. Enter transactions from April 1.5 on page 1, April 7-18 on page 2. April 21-29 and the first two entries for April 30 on page 3, and the remaining entries for April 30 on page the entries for April 1-2 have been entered in the journal and posted to the ledpers as examples GENERAL JOURNAL PAGE 1 DATE POST, REF DEBIT CREDIT DESCRIPTION Required 1. Enter the transactions in a general journal. Enter transactions from April 1-5 on page I, April 7-18 on page 2, April 21-29 and the first two entries for April 30 on page 3, and the The entries for April 1-2 have been entered in the journal and posted to the ledgers as examples. DESCRIPTION POST REF DEBIT CREDIT Apr. 1 Cash 101 90,000.00 Bob Night, Capital 311 00,000.00 Owner's original investment Apr. 1 Prepaid Insurance 145 9,000.00 Cash 101 9,000.00 Paid insurance premium for camping season Apr. 2 Rent Expense 521 40,000.00 Cash 101 40,000.00 Paid rent for April Apr. 2 Cash 101 35,000.00 Registration Fees 402 35,000.00 Collected registration fees 2 Rent Expense 521 40,000.00 Cash 101 40,000.00 Paid rent for April Apr. 2 Cash 101 35,000.00 Registration Fees 401 35,000.00 Collected registration fees Apr. 2 Fishing Boats 181 60,000.00 Accounts Payable 202 60,000.00 Purchased fishing boats on account Purchased food supplies on account from Acme Super Market Purchased office supplies on account from Gordon Office Supplies GENERAL JOURNAL PAGE 2 CREDI Apr. 7 Collected registration fees Apr. 10 Purchased food supplies on account from Acme Super Market Apr. 10 Paid wages to guides Apr. 14 Collected registration fees Apr. 16 Purchased food supplies on account from Acme Super Market Purchased food supplies on account from Acme Super Market Apr. 17 Paid wages to guides 18 Paid postage GENERAL JOURNAL PAGE 3 DATE DESCRIPTION POST. REF DEBIT CREDIT 21 Collected registration fees Apr, 2 Purchased food supplies on account from Acme Super Market Project #1: Accounting Cycle Calculator Apr. 24 Paid wages to guides Apr. 28 Collected registration fees Apr. 29 Paid wages to guides Apr. 30 Purchased food supplies on account from Acme Super Market Apr. 30 Made payment on account to Acme Super Market PAGE 4 GENERAL JOURNAL DESCRIPTION POST RE DEBIT CREDIT Apr. 30 Paid utility bill 30 Paid phone bill Apr. 30 Owner's withdrawal general ledger. (If you are not using the working papers that accompany this text, you will need to enter the account titles and account numbers in the general ledger ac The entries April 1-18 have been entered in the journal and posted to ledger as an example. If an amount box does not require an entry, leave it blank. GENERAL LEDGER Cash ACCOUNT NO 101 BALANCE GENERAL LEDGER ACCOUNT NO 101 BALANCE TEM ST.RE DEBIT CREDIT DEBIT CREDIT Apr. 1 90,000.00 90,000.00 81,000.00 41,000.00 76,000.00 9,000.00 Apr. 2 40,000.00 35,000.00 Apr. 7 12 Apr. 14 Apr. 17 18 13 Apr: 24 Apr 28 Apr. 29 Apr. 30 14 Apr. 30 14 BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT Apr. 5 UN ACCOUNT NO. 144 BALANCE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT Apr. 3 31 12 02 03 13 10 Apr. 16 Apr. 30 ACCOUNT Prepaid Insurance ACCOUNT NO 145 BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDI 20 Apr. 1 31 9,000 9,000 COUNT Fishing Boats ACCOUNT NO. 181 BALANCE DATE ITEMPOST. REF DEBIT CREDIT DEBIT CREDIT Apr. 2 60,000.00 60,000.00 Accounts Payable ACCOUNT NO. 202 BALANCE DATEITEM POST. REF DEBIT CREDIT DEBIT CREDIT 20-- 60,000.00 60,000.00 Apr 01 Apr. 10 12 roject #1: Accounting Cycle Calculator Apr. 24 Apr. 30 30 13 13 13 BALANCE DATE ITEM POST.RE DEBIT CREDIT DEBIT CREDIT Apr. 1 90,000.00 ACCOUNT ACCOUNT NO. 312 BALANC DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT Apr. 30 14 ACCOUNT Registration Fees ACCOUNT NO. 401 BALANCE DATEITEM POST. REF DEBIT CREDIT DEBIT CREDIT 31 35,000.00 35,000.00 BALANCE DATE POST, REF DEBIT CREDIT DEBIT CREDIT Apr. 2 35,000.00 35,000.00 Apr. 14 Apr. 21 Apr. 28 12 12 03 13 ACCOUNT Wages Expense ACCOUNT NO 511 BALANCE DATE pOST.REF DEBIT CREDIT DEBIT CREDIT Apr, 10 12 32 13 03 Apr. 24 29 COUNT Rent Expense ACCOUNT NO 521 Rent Expense BALANCE DAT ITEM POST: REF DEBIT CREDIT DEBXT CREDIT 40,000.00 40,000.00 ACCOUNT Phone Expense ACCOUNT NO BALANCE DATE ITEM POST RE DEBIT CREDIT DEBIT CREDI Apr. 30 04 ACCOUNT Utilities Expense ACCOUNT NO 533 BALANCE DATE ITEM POST.REF DEBIT CREDIT DEBIT CREDIT 20 Apr, 30 14 Postage Expense 536 ACCOUNT NO BALANCE es Expense ACCOUNT NO BALANCE TEITEM POST- REF DEBIT CREDI DEBIT CREDIT Apr. 30 J4 ACCOUNT Postage Expense ACCOUNT NO BALANCIE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT 20-- Apr. 18 12