Will Rate Answer!

Bob Night opened "The General's Favorite Fishing Hole." The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. Ledger balances for The General's Favorite Fishing Hole at the end of April are as follow: $66,500 90,000 6,000 130,650 60,000 38,700 Accounts Payable Bob Night, Capital Bob Night, Drawing Cash Fishing Boats Food Supplies Office Supplies Postage Expense Prepaid Insurance Registration Fees Rent Expense Phone Expense 500 150 9,000 171,700 40,000 1,200 Utilities Expense 2,000 Wages Expense 40,000 Adjustment information for the end of April is provided below. Adjustment information for the end of April is provided below. (a) Office supplies remaining on hand, $100. (b) Food supplies remaining on hand, $8,000. (C) Insurance expired during the month of April, $1,500. (d) Depreciation on the fishing boats for the month of April, $1,000. (e) Wages earned, but not yet paid, at the end of April, $500. Required: 3. Prepare a trial balance on a work sheet. 4. Complete the work sheet. The General's Favorite Fishing Hole Work Sheet For the Month Ended April 30, 20-- Adjustments Adjusted Trial Balance Debit Credit Debit Credit Trial Balance Income Statement Account Title Debit Credit Debit Credit Deb heck My Work 3 more Check My Work uses remaining. Previous Next