Accounting Simulation $1$

Comprehensive Problem

Amount Descriptions

Instructions

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:

Enter the 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 $4.$

Post the entries to the general ledger.

Prepare a trial balance on a work sheet.

Complete the work sheet.

Journalize the adjusting entries.

Post the adjusting entries to the general ledger.