Question: Please complete every chart (If you zoom in you should be able to see everything just fine!) Thank you. Bob Night opened The General's Favorite
Please complete every chart (If you zoom in you should be able to see everything just fine!) Thank you.






Bob Night opened The General's Favorite Fishing Hole in April with a $90,000 investment. The work sheet prepared after the first month of operations is shown. The General's Favorite Fishing Hole Work Sheet For the Month Ended April 30, 20-- INCOME 1 ACCOUNT TITLE TRIAL BALANCE TRIAL BALANCE ADJUSTMENTS ADJUSTMENTS ADJUSTED TRIAL ADJUSTED TRIAL BALANCE BALANCE INCOME STATEMENT BALANCE SHEET BALANCE SHEET STATEMENT DEBIT 2 DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT CREDIT DEBIT CREDIT 3 Cash 130.650.00 130.650.00 130,650.00 4 Office Supplies 500.00 400.00 100.00 100.00 5 Food Supplies 38.700.00 30,700.00 8,000.00 8,000.00 6 Prepaid Insurance 9,000.00 1,500.00 7,500.00 7,500.00 7 Fishing Boats 60,000.00 60,000.00 60,000.00 8 Accumulated Depreciation-Fishing Boats 1,000.00 1,000.00 1.000.00 66,500.00 66,500.00 66,500.00 9 Accounts Payable 10 Wages Payable 500.00 500.00 500.00 11 Bob Night, Capital 90,000.00 90,000.00 90,000.00 12 Bob Night, Drawing 6,000.00 6,000.00 6,000.00 13 Registration Fees 171.700.00 171.700.00 171,700.00 14 Wages Expense 40,000.00 500.00 40,500.00 40,500.00 15 Rent Expense 40,000.00 40,000.00 40,000.00 16 Office Supplies Expense 400.00 400.00 400.00 30,700.00 30,700.00 30,700.00 17 Food Supplies Expense 18 Phone Expense 1,200.00 1,200.00 1.200.00 19 Utilities Expense 2,000.00 2.000.00 2,000.00 20 Insurance Expense 1,500.00 1,500.00 1,500.00 21 Postage Expense 150.00 150.00 150.00 22 Depreciation Expense-Fishing Boats 1,000.00 1,000.00 1,000.00 23 $328,200.00 $328,200.00 $34,100.00 $34,100.00 $329,700.00 $329,700.00 117,450.00 171,700.00 212,250.00 158,000.00 24 Net Income 54,250.00 54,250.00 25 $171,700.00 $171,700.00 $212.250.00 $212,250.00 Required: 7. Prepare the income statement. 8. Prepare the statement of owner's equity. 9. Prepare the balance sheet Income Statement The General's Favorite Fishing Hole Income Statement (Label) 1 (Label) 2 3 (Label) 4 5 6 7 8 D 10 11 12 13 14 Statement of Owner's Equity The General's Favorite Fishing Hole Statement of Owner's Equity (Label) 1 2 3 4 5 6 7 Balance Sheet The General's Favorite Fishing Hole Balance Sheet (Label) Assets 2 (Label) 3 4 5 6 7 8 (Label) 9 10 11 12 Liabilities 15 (Label) 14 15 16 17 Owner's Equity 18 19
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