Question

Accounting project

Post the entries to the general ledger

Polly Parrot opened Parrots Campgrounds. The camp is open from April through October. Campers typically register for one week, arriving on Sunday afternoon and packing up the following Saturday afternoon. The registration fee includes space and meals , the use of fishing boats, and other activities around the campgrounds. The chart of accounts for the camping operations is provided below.

General Journal Always list the Debit item first. Date Accounts Debit Credit 1-Apr Cash Invested into buisness 100,000 Cash Invested into buisness 100,000 1-Apr Prepaid Insurance 14,000 cash 14,000 2-Apr Rent 25,000 cash 25,000 2-Apr cash 32,000 Deposit registration fee 32,000 2-Apr Fishing boats August 45,000 account payable 45,000 3-Apr food supply purchase on account 5,000 accounts payable wendys 5,000 5-Apr office supply 1,250 accounts payable 1,250 7-Apr cash 48,300 registration fee deposit 48,300 10-Apr food supply purchase on account 7,200 account payable wendys 7,200 10-Apr wage expense fishing guides 9,500 cash 9,500 14-Apr cash 34,500 registration fee deposit 34,500 16-Apr food supply purchase on account 9,200 account payable wendys 9,200 17-Apr wage expense fishing guides 9,500 cash 9,500 18-Apr postage 275 accounts payable 275 21-Apr cash 35,600 Deposit registration fee 35,600 24-Apr food supply purchase on account 8,500 account payable Acme 8,500 24-Apr wage expense fishing guides 10,000 cash 10,000 28-Apr cash 41,000 Deposit registration fee 41,000 29-Apr wage expense fishing guides 9,500 cash 9,500 30-Apr food supply purchase on account 6,300 account payable Wendys 6,300 30-Apr account payable payment on account 32,700 accfood supply cash 32,700 30-Apr Utilities 2,750 cash 2,750 30-Apr phone bill 1,350 cash 1,350 30-Apr drawing 5,500 cash 5,500 This is the total of all your entries. If it does not match the next line you have journals that are posted incorrectly. Note this check figure is arbitrary and it will not balance to any other numbers in this problem. Column Totals 493,925 493,925 Check figure 493,925 493,925

Answer 1

General Journal
Date	Accounts	Debit	Credit
01-Apr	Cash	100,000
	Capital, Parrot		100,000
01-Apr	Prepaid Insurance	14,000
	Cash		14,000
02-Apr	Rent Expense (Lodge & Campgrounds Rent - May)	25,000
	Cash		25,000
02-Apr	Cash	32,000
	Registration Fees		32,000
02-Apr	Equipment (Boat Purchase)	45,000
	Accounts Payable		45,000
03-Apr	Food Supplies (Wendy's)	5,000
	Accounts Payable		5,000
05-Apr	Office Supplies	1,250
	Accounts Payable		1,250
07-Apr	Cash	48,300
	Registration Fees		48,300
10-Apr	Food Supplies (Wendy's)	7,200
	Accounts Payable		7,200
10-Apr	Wages Expense	9,500
	Cash		9,500
14-Apr	Cash	34,500
	Registration Fees		34,500
16-Apr	Food Supplies (Wendy's)	9,200
	Accounts Payable		9,200
17-Apr	Wages Expense	9,500
	Cash		9,500
18-Apr	Postage Expense	275
	Cash		275
21-Apr	Cash	35,600
	Registration Fees		35,600
24-Apr	Food Supplies (ACME)	8,500
	Accounts Payable		8,500
24-Apr	Wages Expense	10,000
	Cash		10,000
28-Apr	Cash	41,000
	Registration Fees		41,000
29-Apr	Wages Expense	9,500
	Cash		9,500
30-Apr	Food Supplies (Wendy's)	6,300
	Accounts Payable		6,300
30-Apr	Accounts Payable (Wendy's)	32,700
	Cash		32,700
30-Apr	Utilities Expense	2,750
	Cash		2,750
30-Apr	Telephone Expense	1,350
	Cash		1,350
30-Apr	P Parrot Drawings	5,500
	Cash		5,500
	Column Totals	493,925	493,925
	Check figure	493,925	493,925
	Difference	-	-