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pls help need help on general ledger, general journal, and work sheet 1. Enter the transactions in a general journal. Enter transactions from May 1-4
pls help
need help on general ledger, general journal, and work sheet
1. Enter the transactions in a general journal. Enter transactions from May 1-4 on page 7, May 5-28 on page 8, and the remaining entries on page. 9. 2. Post the entries to the general ledger. 3. Prepare a trial balance on a work sheet. 4. Complete the work sheet. 5. Joumalize the adjusting entries 6. Post the adjusting ontries to the general ledger: Adjustment information at the end of May is provided below. (a) Total vending machine sales were $2,300 for the month of May, A 10% commission is earned on these sales. (b) Straight-line depreciation is used for the 10 boats purchased on April 2 for $60,000. The useful life for these assets is five years and there is no salvage value. A full month's depreciation was taken in April on these boats. Straight-line depreciation is also used for the two boats purchased in May, Make one adjusting entry for all depreciation on the boats. (c) Straight-line depreciation is used to depreciate the surround sound system. (d) Straight-line depreciation is used to depreciate the big screen TV. ( ) Straight-line depreciation is used for the building purchased in May. (f) On April 2, Night paid $9,000 for insurance during the six-month camping season. May's portion of this premium was used up during this month. (g) Night received his May issues of Fishing Illustrated, Fishing Unlimited, and Fish Master. (h) Office supplies remaining on hand, $150. (0) Food supplies remaining on hand, $5,925 (0) Wages earned, but not yet paid, at the end of May, $6,000. 5 Purchased office supplies from Gordon Otfice Supplies on account, $1,200. 7 Night paid $40 each for one-year subscriptions to Fishing liustrated, Fishing Unlimited, and Fish Master. The magazines are published monthly. 10 Deposited registration fees, $62,750. 13 Paid wages to fishing guides, $30,000. (Don't forget wages payable.) 14 A guest became ill and was unable to stay for the entire week. A refund was issued in the amount of $1,000. 17 Deposited registration fees, $63,000. 19 Purchased food supplies from Acme Super Market on account, $18,400. 21 Deposited registration fees, $63,400. 23 Paid $2,500 for May's advertising spots on Naktonal Sports Talk Radio. 25 Paid repair fee for damaged boat, $850. 27 Paid wages to fishing guides, $30,000. 28 Paid $1,800 for May's advertising spots on billboards. 29 Purchased food supplies from Acme Super Market on account, \$14,325. 30 Paid utilities bill, $3,300. 30 Paid phone bill, $1,800. 30 Paid Acme Super Market on account, \$47,350. 31 Bob Night withdrew cash for personal use, $7,500. General Ledger Shadod cells have feodback. Goneral Ledger Shaded cells have toodbock X Account: Rent Experse: Account No, 521 Account: Otfice Supplies Esente our 1. Accouns: Food Supplies Expene wert m irim nost ver. pent carbit BALNICE Carant carort Account No. 52] ont post ant 6ter catsen ocbr Acenunt: Mone Enpeme onts x Nost. NT. sentr corm 1 Account velites Gopense Noceunt No, 524 Account ina 525 waver ochr cherif Account No, 53) General Ledger Shaded cells have feodback (X) Account: Acomulated Depreciation-Bulldings Account No, 171.1 Account: Fahing boats Acteunt No. 181 Step by Step Solution
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