Someone
Am I Entitled To Loss Of Use If Someone Hits My 20′ Boat And Their Insurance Totals It?
My boat is only used for pleasure but I am on it just about everyday for three months a year.
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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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Motorcycle Insurance For Someone Under 25?
I’m in the army, and after I get done with basic I would like to buy a motorcycle where ever I am stationed. If I paid cash for the bike, have my motorcycle license, no traffic tickets, I’ll be 18, and a male.. how much can I assume to spend on motorcycle insurance?
Its a 250cc sports bike I’m interested in, I used to have one but It got stolen. I want the cheapest policy there is…
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Can I Ride Someone Else’s Motorcycle Without Bike Insurance?
I have a friend that wants to teach me how to ride a motorcycle i have my m1 just no insurance now i also have my g2 and car insurance do i need my own bike insurance to ride his bike?
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What Is A Good Cheap Car Insurance For Someone Who 18 And Has No Credit?!!?
Well, the good news is, most insurance companies doen’t credit score 18 year olds, because MOST of them have no credit. The bad news is, at 18, your rates are going to be really, really high anyway.
The best way to keep your rates down, is to NOT buy a new car – buy a car with cash, and if it’s more than 6 years old, the collision is MUCH cheaper. But if it’s paid for, and you can get away with just liability insurance, that’s the cheapest way to insure yourself.
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What Is Motorcycle Insurance Like For Someone In Their Mid To Late Twenties?
i can afford a motorcycle, but not a car…
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Could Someone Give Me A Ballpark Estimate For Me And A Motorcycle Insurance Quote?
Could someone give me a ballpark estimate of how much it would be to insure myself with a 2006 Ducati 695 Monster.
-16 year old male
-2,000 miles on the bike
-qualifies for honor roll deductions
-Lives in Illinois, 61326
-Schools 10 miles away?
-0 accidents
-no traffic violations
-lives with parents
-bike owned
-planning for about 3 years of insurance on the bike?
-Its black? (Ok, I’m out of details)
-
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Where Can I Find Cheap Car Insurance For Someone Who Is 18 And Basically Lives On Thier Own?
my boyfriend’s parents are kicking him off their insurance and he needs to find it for cheap in only a couple of days. any ideas…i tried geico,esurance and some others but its still too expensive.
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Besides Motorcycle Insurance, What Other Type Of Insurance Is Recommened For Someone Riding A Motorcylce?
I have major medical, which basically only covers me if I get in a big accident. But what about disability, if I can’t work for a while after an accident? Should I get better health or possibly life insurance? What do other motorcyclists do?
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Can Someone Have Motorcycle Insurance If They Don’t Have An Endorsement?
So my dad doesn’t have a motorcycle endorsement, but I do. It would be cheaper to put him on the bike for insurance. Do they usually allow that if he wouldn’t ride the bike?
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