solution - final accounts - General Journal 1. Cash Capital...

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General Journal Dr. Amount Cr. Amount 1. Cash 90,000.00 Capital - Mr.Night 90,000.00 (Investment by Mr.Night in the business) 2. Insurance Expense 9,000.00 Cash 9,000.00 (Insurance premium paid) 3. Rent Expense 40,000.00 Cash 40,000.00 (Rent paid for the month) 4. Cash 35,000.00 Revenue from deposit 35,000.00 (Deposited registration fees) 5. Boats 60,000.00 Cash 60,000.00 (Purchased 10 fishing boats) 6. Food Supplies 7,000.00 Accounts Payable 7,000.00 (Purchased food supplies on account) 7. Office Supplies 500.00 Accounts Payable 500.00 (Purchased office supplies on account) 8. Cash 38,600.00 Revenue from deposit 38,600.00 (Deposited registration fees) 9. Food Supplies 8,200.00 Accounts Payable 8,200.00 (Purchased food supplies on account) 10. Wages 10,000.00 Cash 10,000.00 (Paid wages to fishing guides) 11. Cash 30,500.00 Revenue from deposit 30,500.00 (Deposited registration fees) 12. Food Supplies 9,000.00 Accounts Payable 9,000.00 (Purchased food supplies on account) 13. Wages 10,000.00 Cash 10,000.00 (Paid wages)
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14. Postage
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This note was uploaded on 05/13/2010 for the course MECH 17657 taught by Professor Ravikant during the Spring '10 term at Indian Institute of Technology, Delhi.

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solution - final accounts - General Journal 1. Cash Capital...

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