Preston HillBed Breakfast Accounting Transactions for the Monthof April 1, 2018Date Description April 1, 2018 Jon Edwards and Dan Fogle each


Preston Hill Bed & Breakfast Accounting Transactions for the Month of April 1, 2018 Date Description April 1, 2018 Jon Edwards and Dan Fogle each invested $20,000 in a fortification to run Preston Hill Bed & Breakfast. Each were issued 2,000 shares of $10 par reprimand vulgar fund. April 1, 2018 The colleagues leased a amply replete, durationical, five-bedcompass compass Bed & Breakfast for 3 years at $3,000 per month. The landlord required a acquittal of $12,000 for 4 months of fissure plus a $3,000 defence confidence. April 1, 2018 Purchased a minivan reprimandd at $35,000 after a while a $10,000 down acquittal and a 3-year $25,000 still n ess payable after a while an annual cause reprimand of 5%. The minivan has a 5-year serviceable history and no salvage reprimand. The monthly acquittal including leading and cause is $749.27 April 1, 2018 Neither colleague can cook but moulded after a while the restaurant proximate door (Dora's Diner) to agree breakfast for the guests at $10 per individual per day. Grace's Diner get recital the B & B at the end of each month for the meals agreed. They must pay Dora's Diner antecedently the 10th of the proximate month. April 1, 2018 Purchased used arrange goods for $3,000 excellent. The goods has a 6-year serviceable history and no salvage reprimand. April 3, 2018 Ace Computers, a persomal union, moulded after a while the B & B to agree compasss for their out of town weekday visitors at a reprimand of $100 per misinterpretation. The B & B get recital Ace at the end of the month for compasss used. April 6, 2018 Purchased $875 of business-post victuals on recital from ABC Business-post Supply. April 8, 2018 Compensated invoice from Insurance union for 4 months of coverage opening April 1, 2018 for a whole of $1,200. April 8, 2018 Current $1,500 in excellent and reputation card returns for compass fissureals for April 1 - 8, 2018. April 8, 2018 Current retention confidences as follows: Smith Family - $250 for April 25 - 26, 2018 Harris Family - $500 for April 29 - 30, 2018 Mester Family - $375 for May 3 - 5, 2018 April 15, 2018 Compensated $1,500 in wage expenditure for the duration April 1 - April 15, 2018. April 15, 2018 Current $1,200 in excellent and reputation card returns for compass fissureals for April 9 - 15, 2018. April 20, 2018 Current retention confidences as follows: Plourde Family - $250 for April 25 - 26, 2018 Friedman Family - $200 for April 29 - 30, 2018 Brooks Family - $255 for June 3 - 5, 2018 April 21, 2018 Current $2,050 in excellent and reputation card returns for compass fissureals for April 16 - 21, 2018. April 27, 2018 Refunded Harris Family confidence compensated on April 8, 2018 short $50 Administrative Fee. April 29, 2018 Compensated ABC Business-post Supply invoice for alienations on April 6, 2018. April 30, 2018 Van Acquittal # 1 - Whole $749.27 (Principal = $645.10; Cause = $104.17) April 30, 2018 Compensated $1,500 in wage expenditure for the duration April 16 - April 30, 2018. April 30, 2018 Compensated reputation card in liberal after a while the aftercited beak incurred in April 2018: Licenses and Fees - $100; Printing - $275; Dues - $100; Uniforms - $325; Advertising $560; Postage $125 April 30, 2018 Sent $975 invoice to ACE for compasss fissureed April 1, 2018 - April 30, 2018 April 30, 2018 Current invoice from Grace's Diner for $380. April 30, 2018 Compensated dividends to shareholders in the totality of $1,500.

The unconcealed chronicle entries-----------------Debit--------Credit,

April 1, 2018: To proceedings the excellent invested (2000x$10x2)

Cash-------------------------------------------$40,000

Common fund--------------------------------------------$40,000

April 1, 2018: To proceedings the precompensated Lease fissureals and defence confidence

Precompensated Lease fissureals---------------------$12,000

Security Deposit----------------------------$3,000

Cash--------------------------------------------------------$15,000

April 1, 2018: To proceedings alienation of a Minivan

Minivan---------------------------------------$35,000

Cash--------------------------------------------------------$10,000

Note Payable----------------------------------------------$25,000

April 1, 2018: To proceedings the Alienation of used arrange goods

Deck goods------------------------------$3,000

Cash--------------------------------------------------------$3,000

April 6, 2018: To proceedings Purchased business-post victuals on recital from ABC

Office Supplies-----------------------------$875

Accounts Payable---------------------------------------$875

April 8, 2018: To proceedings Precompensated Insurance

Precompensated Insurance-------------------------$1,200

Cash-------------------------------------------------------$1,200

April 8, 2018: To proceedings returns for compass fissureals for April 1 - 8, 2018

Cash-----------------------------------------$1,500

Room fissureals Revenue---------------------------------$1,500

April 8, 2018: To proceedings retention confidences current ($250+$500+$375)

Cash---------------------------------------- $1,125

Unearned Revenue-------------------------------------$1,125

April 15, 2018: To proceedings wage expenditure compensated

Wages Expenses--------------------------$1,500

Cash-------------------------------------------------------$1,500

April 15, 2018: To proceedings returns for compass fissureals for April 9 - 15

Cash-----------------------------------------$1,200

Room fissureals Revenue--------------------------------$1,200

April 20, 2018: To proceedings retention confidences current ($250+$200+$255)

Cash-----------------------------------------$705

Unearned Revenue-------------------------------------$705

April 21, 2018:To proceedings returns for compass fissureals for April 16 - 21, 2018

Cash-----------------------------------------$2,050

Room fissureals Revenue---------------------------------$2,050

April 27, 2018: To proceedings a restore to Harris Family short Administrative Fee

Unearned Revenue-----------------------$500

Administrative Fee-------------------------------------- $50

Cash-------------------------------------------------------$450

April 29, 2018: To proceedings excellent compensated to ABC Business-post Supply

Accounts Payable------------------------$875

Cash-------------------------------------------------------$875

April 30, 2018: To proceedings Van Payment

Interest Expense-------------------------$104.17

Note Payable-----------------------------$645.10

Cash------------------------------------------------------$749.27

April 30, 2018: To proceedings wage expenditure compensated

Wages Expenses------------------------$1,500

Cash------------------------------------------------------$1,500

April 30, 2018: To proceedings reputation card acquittals for beak incurred in April 2018

Operating expenditures---------------------$1,485

Cash-----------------------------------------------------$1,485

Operating expenditures are Licenses and Fees Expenses,$100Printing,$275,Uniforms & other dues,$425Advertising Expenses,$560 &Postage,$125

April 30, 2018: To proceedings invoice sent to ACE for compasss fissureed 

Accounts Receivable-------------------$975

Room fissureals Revenue------------------------------$975

April 30, 2018: To proceedings invoice current from Grace's Diner

Meals expenditures------------------------$380

Accounts Payable------------------------------------$380

April 30, 2018: To proceedings dividends compensated to shareholders

Dividends------------------------------ $1,500

Cash----------------------------------------------------$1,500

Total-------------------------------------$111,119.27 $111,119.27

Adjusting entries On 30 April

Are entries executed at the end of the duration to concede after a while accrual energy and to tally wealth and expenditures in the duration in which wealth is earned and expenditures incurred. In this contingency , we get regulate the expired lease fissureals on precompensated lease fissureals, proceedings slander and regulate for earned wealth on unearned wealth recital.

To regulate and proceedings expired lease fissureals expenditure

Debit, Lease fissureals expenditure--------$3,000

Credit, Precompensated Lease fissureals----------------------$3,000

To proceedings slander expenditure

Debit, Slander Expense-------------$625

Credit, Accumulated Depreciation-----------------------$625

Depreciation on Arrange Goods ($3000/6=$500/12=$42 for April

Depreciation on Van=$35,000/5= $7,000/12=$583

April 30, 2018: To proceedings Compass fissureals earned from excellent confidences current

Debit, Unearned Revenue----------------$700

Credit, Compass fissureals Revenue--------------------------$700

Earned Compass fissureals Revenue= $250+$250+$200=$700

Smith Family - $250 for April 25 - 26, 2018---is earned

Harris Family - $500 for April 29 - 30, 2018-- restoreed

Mester Family - $375 for May 3 - 5,----not earned

Plourde Family - $250 for April 25 - 26, 2018---is earned

Friedman Family - $200 for April 29 - 30, 2018 ---is earned

Brooks Family - $255 for June 3 - 5, 2018----not earned

Make Trial balace subterfuge using this format and explain

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