During the month of May 20--, The General’s Favorite Fishing Hole engaged in the following transactions. These transactions required an growth of the chart of accounts as displayed below.

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Adjustment indevelopment at the end of May is gave listed below.

(a) Total vending machine sales were $2,300 for the month of May.

(b) Straight-line depreciation is offered for the 10 watercrafts purchased on April 2 for $60,000. The beneficial life for these assets is five years and also tbelow is no salvage worth. A complete month’s depreciation was taken in April on these boats. Straightline depreciation is also offered for the 2 watercrafts purchased in May. Make one adjusting enattempt for all depreciation on the boats.

(c) Straight-line depreciation is used to depreciate the surround sound device.

(d) Straight-line depreciation is provided to depreciate the massive display screen TV.

(e) Straight-line depreciation is provided for the structure purchased in May.

(f) On April 2, Night passist $9,000 for insurance during the six-month camping seachild. May’s portion of this premium was used up in the time of this month.

(g) Night obtained his May problems of Fishing Illustrated, Fishing Limitless, and Fish Master.

(h) Office gives continuing to be on hand also, $150.

(i) Food gives continuing to be on hand, $5,925.

(j) Wages earned, yet not yet paid, at the end of May, $6,000.

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REQUIRED

1. Get in the transactions in a basic journal. Get in transactions from May 1–4 on web page 5, May 5–28 on page 6, and the continuing to be entries on page 7. To conserve time and space, don’t enter descriptions for the journal entries.

2. Blog post the entries to the basic ledger. (If you are not utilizing the working papers that acagency this text, you will certainly should enter the account titles, account numbers, and also balances from April 30 in the basic ledger accounts.)