Accounts Payable $66,500 Accumulated Depreciation- Fishing Boats 1,000 Bob Night, Capital 90,000 Bob Night, Drawing 6,000 Cash 130,650 Depreciation Expense-Fishing Boats 1,000 Fishing Boats 60,000 Food Supplies 8,000 Food Supplies Expense 30,700 Insurance Expense 1,500 Office Supplies 100 Office Supplies Expense 400 Postage Expense 150 Prepaid Insurance 7,500 Registration Fees 171,700 Rent Expense 40,000 Phone Expense 1,200 Utilities Expense 2,000 Wages Expense 40,500 Wages Payable 500Adjustment 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:
Journalize the adjusting entries (page 5). Do not enter the posting references until you complete part 6.
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Accounts Payable $66,500 Accumulated Depreciation- Fishing Boats 1,000 Bob Night, Capital 90,000 Bob...
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