Help
The Accounting Cycle? Help Please Asap?
Please anybody will help me to do this problem i know its long but i don’t get it at all so please if you know help me out ill appreciate it please
thank you so much
The Account Cycle
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. The chart of accounts for the camping operations is provided below.
The General’s Favorite Fishing Hole Chart of Account.
Assets Revenues
101 cash 401 Registration fees
142 Office Supplies
144 Food Supplies Expenses
145 Prepaid Insurance 511 Wages Expense
181 Fishing Boat 521 Rent Expense
181.1 Accum. Depr-Fishing Boats 523 Office Supplice Expense
524 Food Supplice Expense
Liabilities 525 Telephone Expense
202 Account Payable 533 utilities Expense
219 Wages Payable 535 Insurance Expense
536 pastage Expense
Owner’s Equuity 542 Depr. Exp-Fishing Boats
311 Bob Night Payable
312 Bob Night Drawing
313 Income Summary
The following transactions took place during April 20–
April
1 Night invested cash in the business $90,000.
1 Paid insurance premium for camping season, 9,000.
2 Paid rent for lodge and campgrounds for the month of April, $40,000.
2 Deposited registration fee, $35,000
2 Purchase ten 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. Arrangement
were made to pay for the boats in July.
3 Purchase food supplies from Acme Super Market on account, $7,000.
5 Purchase office supplies from Gordon Office Supplies on account, $500.
7 Deposited registration fee, $38,600.
10 Purchased food supplies from Acme Super Market on account, $8,200
10 Paid wages to fishing guides, $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 guides, $10,000
30 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 telephone bill, $1,200.
30 Bob Night withdrew cash for personal use, $6,000
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 boatsfor the month of April, $1,000.
e Wages earned , but not yet paid, at the end of April, $500.
Required
1 Enter the above transactions in a general journal. Enter transactions from April 1-5
on pages 1, April 7-8 on page 2, April 21-29 and the first two entries for April 30 on
page 3, and the remain entries for April 30 on page 4.
2 Post the entries to the 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 leger accounts).
3 Prepare a trial balance on a work sheet.
4 Complete the work sheet.
5 Prepare the income statement.
6 Prepare the statement of owner’s equity
7 Prepare the balance sheet.
8 Journalise the adjusting entries (page 5)
9 Post the adjusting entries to the general ledger.
10 Journalise the closing entries (page 5 and 6)
11 Post the closing entries to the general ledger.
12 Prepare a post-closing trial balance.
please please help me with this one im just going crazy
thanx a lot
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I Been Stuck On This For A Week Please Someone Help Me ?
PLease im begging you to help me out with this i been stuck on it for a week and i cant get it i have to finish this before Christmas break please i went through my whole book and i still don’t get it i know its a lot of work please someone help me with it please im really stress from it please ill appreciate please
thank you so much
here is the PROBLEM >?
The Account Cycle
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. The chart of accounts for the camping operations is provided below.
The General’s Favorite Fishing Hole Chart of Account.
Assets Revenues
101 cash 401 Registration fees
142 Office Supplies
144 Food Supplies Expenses
145 Prepaid Insurance 511 Wages Expense
181 Fishing Boat 521 Rent Expense
181.1 Accum. Depr-Fishing Boats 523 Office Supplice Expense
524 Food Supplice Expense
Liabilities 525 Telephone Expense
202 Account Payable 533 utilities Expense
219 Wages Payable 535 Insurance Expense
536 pastage Expense
Owner’s Equuity 542 Depr. Exp-Fishing Boats
311 Bob Night Payable
312 Bob Night Drawing
313 Income Summary
The following transactions took place during April 20–
April
1 Night invested cash in the business $90,000.
1 Paid insurance premium for camping season, 9,000.
2 Paid rent for lodge and campgrounds for the month of April, $40,000.
2 Deposited registration fee, $35,000
2 Purchase ten 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. Arrangement
were made to pay for the boats in July.
3 Purchase food supplies from Acme Super Market on account, $7,000.
5 Purchase office supplies from Gordon Office Supplies on account, $500.
7 Deposited registration fee, $38,600.
10 Purchased food supplies from Acme Super Market on account, $8,200
10 Paid wages to fishing guides, $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 guides, $10,000
30 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 telephone bill, $1,200.
30 Bob Night withdrew cash for personal use, $6,000
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 boatsfor the month of April, $1,000.
e Wages earned , but not yet paid, at the end of April, $500.
Required
1 Enter the above transactions in a general journal. Enter transactions from April 1-5
on pages 1, April 7-8 on page 2, April 21-29 and the first two entries for April 30 on
page 3, and the remain entries for April 30 on page 4.
2 Post the entries to the 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 leger accounts).
3 Prepare a trial balance on a work sheet.
4 Complete the work sheet.
5 Prepare the income statement.
6 Prepare the statement of owner’s equity
7 Prepare the balance sheet.
8 Journalise the adjusting entries (page 5)
9 Post the adjusting entries to the general ledger.
10 Journalise the closing entries (page 5 and 6)
11 Post the closing entries to the general ledger.
12 Prepare a post-closing trial balance.
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I Cant Find Cheap Car Insurance Help?
im 60+ male i want to buy a car for 900 pounds but the insurance is £500+ ive not got a car yet but will be a small car not for work but for every day and only 13-1400 engine size im in the uk can you advise on cheap car insurance tanks
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I Need Help With The Treasure Hunters Challenge #5?
I cannot figure out where I am supposed to tell the paddle boat to go. Any ideas, I am losing my mind trying to get this one and have already used my insurance policy on a previous challenge.
Where is the boat supposed to go?
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Please I Really Need Help In This Question ? Please Please Please ?
PLease im begging you to help me out with this i been stuck on it for a week and i cant get it i have to finish this before Christmas break please i went through my whole book and i still don’t get it i know its a lot of work please someone help me with it please im really stress from it please ill appreciate please
thank you so much
here is the PROBLEM >?
The Account Cycle
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. The chart of accounts for the camping operations is provided below.
The General’s Favorite Fishing Hole Chart of Account.
assets
101 cash
142 office supplies
144 food supplies
145 prepaid insurance
181 fishing boats
181.1 Accum. Depr. fishing boast
liabilities
202 accounts payable
219 wages payable
owners equity
311 bob night capital
312 bob night drawing
313 income summary
revenues
401 registration fees
expenses
511 wages
521 rent
523 office supplies expense
524 food supplies
525 telephone
533 utilities
535 insurance expense
536 postage
542 depr. exp. fishing boats The following transactions took place during April 20–
April
1 Night invested cash in the business $90,000.
1 Paid insurance premium for camping season, 9,000.
2 Paid rent for lodge and campgrounds for the month of April, $40,000.
2 Deposited registration fee, $35,000
2 Purchase ten 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. Arrangement
were made to pay for the boats in July.
3 Purchase food supplies from Acme Super Market on account, $7,000.
5 Purchase office supplies from Gordon Office Supplies on account, $500.
7 Deposited registration fee, $38,600.
10 Purchased food supplies from Acme Super Market on account, $8,200
10 Paid wages to fishing guides, $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 guides, $10,000
30 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 telephone bill, $1,200.
30 Bob Night withdrew cash for personal use, $6,000
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 boatsfor the month of April, $1,000.
e Wages earned , but not yet paid, at the end of April, $500.
Required
1 Enter the above transactions in a general journal. Enter transactions from April 1-5
on pages 1, April 7-8 on page 2, April 21-29 and the first two entries for April 30 on
page 3, and the remain entries for April 30 on page 4.
2 Post the entries to the 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 leger accounts).
3 Prepare a trial balance on a work sheet.
4 Complete the work sheet.
5 Prepare the income statement.
6 Prepare the statement of owner’s equity
7 Prepare the balance sheet.
8 Journalise the adjusting entries (page 5)
9 Post the adjusting entries to the general ledger.
10 Journalise the closing entries (page 5 and 6)
11 Post the closing entries to the general ledger.
12 Prepare a post-closing trial balance.
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I Really Need Help With College Accounting.?
Here’s my problem; it’s a long one, so be patient. “The General’s Favorite Fishing Hole” 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. The chart of accounts for the camping operation is provided below. The General’s Favorite Fishing Hole Chart of Accounts: Assets: 101: Cash; 142: Office Supplies; 144: Food Supplies; 145:Prepaid Insurance; 181: Fishing Boats; 181.1: Accum. Depr.–Fishing Boats. Liabilities: 202: Accounts Payable; 219: Wages Payable. Owner’s Equity: 311: Bob Night, Capital; 312: Bob Night, Drawing; 313: Income Summary. Revenues: 401: Registration Fees. Expenses: 511: Wages Expense; 521: Rent Expense; 523: Office Supplies Expense; 524: Food Supplies Expense; 525: Telephone Expense; 533: Utilities Expense; 535: Insurance Expense; 536: Postage Expense; 542: Depr. Exp.–Fishing Boats. The following transactions took place during April 20–: Apr. 1: Night invested cash in business, $90,000 ; Apr. 1: Paid insurance premium for camping season, $9,000 ; Apr. 2: Paid rent for lodge and campgrounds for the month of April, $40,000 ; Apr. 2: Deposited registration fees, $35,000 ; Apr. 2: Purchased ten fishing boats on account for $60,000. The boats have estimated useful lives of five years, at which time they will donated to a local day camp. Arrangements were made to pay for the boats in July. ; Apr. 3: Purchased food supplies from Acme Super Market on account, $7,000 ; Apr. 5: Purchased office supplies from Gordon Office Supplies on account, $500 ; Apr. 7: Deposited registration fees, $ 38,600 ; Apr. 10: Purchased food supplies from Acme Super Market on account, $8,200 ; Apr. 10: Paid wages to fishing guides, $10,000 ; Apr. 14: Deposited registration fees, $30,500 ; Apr. 16: Purchased food supplies from Acme Super Market on account, $9,000 ; Apr. 17: Paid wages to fishing guides, $10,000 ; Apr. 18: Paid postage, $150 ; Apr. 21: Deposited registration fees, $35,600 ; Apr. 24: Purchased food supplies from Acme Super Market on account, $8,500 ; Apr. 24: Paid wages to fishing guides, $10,000 ; Apr. 28: Deposited registration fees, $32,000 ; Apr. 29: Paid wages to fishing guides, $10,000 ;Apr. 30: Purchased food supplies from Acme Super Market on account, $6,000 ; Apr. 30: Paid Acme Super Market on account, $32,700 ; Apr. 30: Paid utilities bill, $2,000 ; Apr. 30: Paid telephone bill, $1,200 ; Apr. 30: Bob Night withdrew cash for personal use, $6,000. 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: 1.)Enter the above 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 4. 2.)Post the entries to the general ledger. 3.)Prepare a trial balance on a work sheet. 4.) Complete the work sheet. 5.) Prepare the income statement. 6.) Prepare the statement of owner’s equity. 7.) Prepare the balance sheet. 8.) Journalize the adjusting entries. 9.) Post the adjusting entries to the general ledger. 10.) Journalize the closing entries. 11.)Post the closing entries to the general ledger. 12.) Prepare a post-closing trial balance. Salvs, if you’re reading this, or if anyone else reads this, and CAN help me, I have just one more thing to add: HELP!!!!! lol
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I Was Involved In A Hit And Run And Need Help With What To Do Next.?
I was rear-ended by someone while pulling a boat. They damaged both of the motors, took off, a witness followed them and came back with the license plate number and left me his information. The police came and took the report. Basically they told me there is nothing I can do because the person driving will deny it and even with a witness it “generally doesn’t get very far”. I went down to the police station and the officer did not follow up on anything. The police won’t give me the car owners information. The boat only has liability insurance and my home and car insurance doesn’t cover it. I just want the person responsible to pay for fixing the motors and I can’t understand why the police won’t follow up at all. Does anyone know what I should do next?
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Car Insurance Question. Help Desperately Needed, Please!?
Here’s the situation. Before I start here, I will say I have never sold a car/transferred insurance in my life until now (I’m 37) and I’m panicking. (Please don’t laugh; I am somewhat mentally disabled and have a hard time understanding business side of things). Please bear with me:
I have a 2000 Chevrolet Malibu with 178,000 miles on it.
Last Friday, my husband’s brother decided to give his 2005 Hyundai Elantra (53,000 miles) to us as a free gift.
We decided to sell the Malibu to some friends of ours (with whom we have been friends for quite a few years).
My friends have already paid us and they have a Bill of Sale and next week we are getting a duplicate of the Chevy title in the mail (because we lost ours), at which time we will transfer.
Here is where the confusion begins: My mother-in-law (who is a retired State Farm insurance agent) drew up a Bill of Sale that indicated as its last sentence at the end, “Buyer will show proof of liability insurance at the time the car is received” (or something like that; I don’t have the Bill of Sale in front of me). We saw our friends today to get the Bill of Sale notarized (they already paid for the car; we’re just waiting for the title for the Malibu to arrive via mail, as mentioned above). Their insurance agent is about 90 miles away, I find out, and will need pictures of the car. Our friends insist that my mother-in-law is just “being a mom” since we’re new at such a transaction (our friends have owned and sold boats, cars, etc., so they are experienced at this, too), meaning that she’s being overcautious by saying they need to present proof of liability insurance at the exact time I give them the keys to the car. So, once I give them the title and the keys, are they responsible for when they get the car insurance?
My Hyundai is covered through my insurance agent (my mother-in-law called them and got coverage on it already), but she insists that I am not to get insurance verification on the Hyundai until the friends show proof of their insurance on the Malibu after they get possession of it. Is that correct, or is my mother-in-law just being overcautious? (I would think that once I switch the Malibu title to my friends’ name and give them the keys, that would relieve me of any responsibility any longer to the Malibu).
Help me, please. I am so confused; I have my mother-in-law telling me one thing, and my friends telling me another. Both sound correct.
So would I be right if I did these (in this exact order):
1) switch the title over to their name & give them the keys to the Malibu.
2) call my insurance agent and report that I sold my Malibu, and ask them to type insurance vertification for the Hyundai. (would I have to be present in person for them to type the verification for the Hyundai? Also, would my report of me selling the Malibu mean that they would cancel the insurance on it immediately?)
I am sorry this is so lengthy; I tried to explain this the best as I could. I just want to do what is correct in the eyes of the law.
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My Mobile Phone Insurance Claim Failed. Help?
Hi Guys,
I’ve just received the following email from my phone insurance company regarding a claim I made last month : –
______________________________________…
Dear Mr Foster
Thank you for your recent correspondence regarding your current claim
status.
I have now reviewed the details with respect to the claim that you
submitted on 21st September 2008. However I am unable to accept this as an
appeal as you have not addressed all the decline reason of your original
claim.
Your claim was unsuccessful due to the following reasons:
1. Incorrect Bar Dates
2. Loss not reported to police
Once you have addressed all the reasons above, and we are in receipt of
the requested information we will continue processing your appeal.
We will endeavour to process your claim as soon as possible.
______________________________________…
I have since spoken to my phone insurance company to find out about the incorrect bar dates. Basically my IMEI numbers did not match when my insurance company called my network provider but this is becuase this is my second handset and they still have the details from my first phone so this is not a problem. My only problem is the second point. I was on holiday (America) when I lost my phone and I lost it overboard on a boat. I didnt call the police because I knew the phone would be damaged and irretraceable unless your a deep sea diver??
Can anybody help me with my appeal? Do I stand a good chance of winning?
Hope you can help.
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I Need Help With Dangling And Misplaced Modifiers?
edit and eliminate dangling and misplaced modifier. place correct if a sentence is correct
The archaeologists almost found an entire dinosaur skeleton.
Costing more than we expected, we could afford only the legal minimum amount of automobile insurance.
The job that she thought would hold her interest completely bored her.
Eager to see Fort Sumter, the tour boat took us across Charleston Harbor.
The picnic table and benches are on the lawn that we just finished painting.
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