Unit 7 Final Parrots campgrounds

This assessment addresses the following course objective(s):

Apply the accounting vocabulary

Record various business transactions in accordance with generally accepted accounting principles.

Complete the steps of the Accounting Cycle.

This purpose of this comprehensive accounting problem is to help you understand all the steps in the accounting cycle which result incorrectly prepared financial statements and closing out temporary accounts at the end of the accounting period.

required Tab 1 Journal Entries Tab 2 Ledger Tab 3 Worksheet Tab 4 Parrots C Polly Parrot opened Parrots Campgrounds. The camp week, arriving on Sunday afternoon and packing up the meals, the use of fishing boats, and other activities arou is provided below. Parrots Campgrounds REG 101 Cash 1. Er 120 Accounts Receivable 2. Po 3. Pr 4. CE 130 Office Supplies 150 Food Supplies 160 Prepaid Insurance 180 Equipment 181 Accum. Depr.-Equipment 5. Jo 6. Pe 7. Pr 8. Pr 9. Pr 10. J 11. P 12. P Liabilities 200 Accounts Payable 210 Wages Payable Owner's Equity 300 Polly Parrot Capital 310 Polly Parrot Drawing 390 Income Summary Revenue 400 Registration Fees 501 Wages Expense 520 Rent Expense 521 Office Supplies Expense 522 Food Supplies Expense 523 Phone Expense 531 Utilities Expense 532 Insurance Expense 540 Postage Expense 550 Depr. Exp.Fishing Boats required Tab 1 Journal Entries Tab 2 Ledger Tab 3 Worksheet Tab 4 Adjusting Entries Tab 5 Fin Stateme Parrots Campgrounds - The camp is open from April through October. Campers typically register for one cking up the following Saturday afternoon. The registration fee includes space and tivities around the campgrounds. The chart of accounts for the camping operations REQUIRED: 1. Enter the April transactions in a general journal. Enter transactions on Tab 1 - Journal Entries. 2. Post the entries to the general ledger in Tab 2. use the ora 3. Prepare a trial balance on a work sheet in Tab 3. 4. Complete the work sheet - Tab 3. 5. Journalize the adjusting entries in Tab 4 6. Post the adjusting entries to the general ledger in Tab 2 and in the Worksheet in Tab 3. 7. Prepare the income statement in Tab 5. 8. Prepare the statement of owner's equity in Tab 5. 9. Prepare the balance sheet in Tab 5. 10. Journalize the closing entries in tab 6 11. Post the closing entries to the general ledger in Tab 3 using the green highlighted lines. 12. Prepare a post-closing trial balance in Tab 3 required Tab 1 Journal Entries Tab 2 Ledger Tab 5 Fin Stateme Tab 3 Worksheet Tab 4 Adjusting Entries Parrots Campgrounds Polly Parrot opened Parrots Campgrounds. The camp is open from April through week, arriving on Sunday afternoon and packing up the following Saturday afternoo meals, the use of fishing boats, and other activities around the campgrounds. The ch: is provided below. Parrots Campgrounds 101 Cash REQUIRED: 1. Enter the April transactions in a generalj 120 Accounts Receivable 2. Post the entries to the general ledger in Ta 130 Office Supplies 150 Food Supplies 160 Prepaid Insurance INO Fuipment 181 Accum. Der Equipment 3. Prepare a trial balance on a work sheet in 4. Complete the work sheet - Tab 3. 5. Journalize the adjusting entries in Tab 4 6. Post the adjusting entries to the general le 7. Prepare the income statement in Tab S. 8. Prepare the statement of owner's equity in 9. Prepare the balance sheet in Tab 5. 10. Journalize the closing entries in tab 6 11. Post the closing entries to the general led 12. Prepare a post-closing trial balance in Ta Liabilities 200 Accounts Payable 210 Wapes Payable Owner's Equity 300 Polly Parrot Capital 310 Polly Parrot Drawing 390 Income Summary 400 Registration Fees S01 Wages Expense 520 Rent Expense 521 Office Supplies Expense 522 Food Supplies Expense 523 Phone Expense 531 Utilities Expense 532 Insurance Expense 540 Postage Expense 550 Depr. Exp Fishing Boats required Tab 1 Journal Entries Tab 2 Ledger Tab 3 Worksheet Tab 4 Adjusting Entries Tab S Fin Statemen Ger journal Entries Th i ng | | | | | Puwede D e 34.500 se dhe m und Mark 17 P inguid Pappe 195 21 p . 34 Puddies from AS 5 300 P . 1.000 Pagi required Tab 1 Journal Entries Tab 2 Ledger Tab S Fin Statement Tab 3 Worksheet Tab 4 Adjusting Entries General Jurnal Wendy Mur . AwM required Tab 1 Journal Entries Tab 2 Ledger Tab 3 Worksheet Tab 4 A r tes 11:117