Synder Miniature Golf and Driving Range Inc.

GENERAL JOURNAL
Account Titles and Explanation

Date
March 1 Cash
Share Capital - Ordinary
(Issued ordinary shares for cash)
3 Land
Building
Equipment
Cash
(Purchased land, Building, & equipment for cash)
5 Advertising Expense
Cash
(Paid advertising expense for cash)
6 Prepaid insurance
Cash
(Paid one-year insurance policy)
10 Golf Equipment
Account Payable
(Purchased equipment on account from Young Company)
18 Cash
Service Revenue
(Received cash for service)
25 Devidend
Cash
(Declared and paid a cash devidend)
30 Wages Expense
Cash
(Paid salaries to date)
30 Account Payable
Cash
(Paid Young Company in full)
31 Cash
Service Revenue
(Received cash for service)

Range Inc.
Tegar Babarunggul (29115032)
Ref

Debit
60,000

Credit
60,000

10,000
22,000
6,000
38,000
1,600
1,600
1,480
1,480
2,500
2,500
1,200
1,200
1,000
1,000
900
900
2,500
2,500
750
750

LEDGER
Beg

Cash
15000

Beg

Adj
Clos

15000
15000

Adj
Clos

Beg

Prepaid Insurance
9000

3500 3)

Beg

Account Receivable
13000

13000
13000
Land
350000

Adj

5500

Adj

350000

Clos

5500

Clos

350000

Acc Depreciation-Buildings
Beg

Equipment

38400

Beg

150000

150000
150000

4000 1)

Adj
Clos

42400
42400

Adj
Clos

Beg

Share Capital - Ordinary

400000

Beg

Adj
Clos

400000
400000

Retained Earnings

Adj
C)
Clos

Green Fees Revenue

Rental Revenue

Beg

5900

Beg

Adj
A)
Clos

5900

Adj
A)
Clos

5900
0

19200

Beg
6)

Adj
B)
Clos

Salaries Expense
80000
3600

Beg

83600
83600
0

Depreciation Expense - Equipment

2)
15000

Adj
B)
Clos

5)

Adj
B)
Clos

15000
15000
0

Adj
B)
Clos

3)

Adj
B)
Clos

Bad Debt Expense

460

24000
0
Insurance Expense
3500

3500
0
Unearned Dues Revenue

460
460
0

Maintenance Expense
24000

Adj
Clos

ADJUSTING ENT

Account Receivable

Allowance For Doubtful Account

Beg
1100
460 5)
Date
30
1)
Adj
Clos

Land
Beg

1560
1560
Buildings
120000

Adj

120000

Clos

120000

Equipment

2)

30

3)

30

4)

30

5)

30

6)

30

7)

30

Acc Depreciation-Equipment
Beg

70000
15000 2)

Adj
Clos

Retained Earnings

85000
85000
Dues Revenues

82000

Beg
7)

82000
31640
113640

Adj
A)
Clos

Rental Revenue
17600
1600

19200
0

Beg

200000

CLOSING ENTRI

8900

191100

B)

31

191100
0
Utilities Expense
54000

4)

Adj
B)
Clos

A)

Date
31

54000
54000
0

C)

aintenance Expense

Depreciation Expense - Buildings

1)
4000

Adj
B)
Clos

24000

Insurance Expense
4)

Adj
Clos

3500

earned Dues Revenue

8900

8900
8900

4000
4000
0
Rent Receivable
1600

1600
1600

Salaries Payable
7)

3600 6)

Adj
Clos

3600
3600

31

ADJUSTING ENTRIES
CRESTWOOD GOLF CLUB, INC.
Adjusting Journal
Accounts
Depreciation Expense
Accumulated Depreciation - Buildings
(To adjust the depreciation buildings during the year)
Depreciation Expense
Accumulated Depreciation - Equipment
(To adjust the depreciation equipment during the year)
Insurance Expense
Prepaid Insurance
(To adjust the insurance expired during the year)
Rent Receivable
Rent Revenue
(To adjust the December revenue that hasn't yet been received)
Bad Debt Expense
Allowance for Doubtful Accounts

Ref

(To adjust the estimated uncollectible receivable)

Salaries and Wages Expense
Salaries and Wages Payable
(To adjust the salaries earned but not paid)
Dues Revenue
Unearned Dues Revenue
(To adjust dues received from members)

CLOSING ENTRIES
CRESTWOOD GOLF CLUB, INC.
Closing Entries
Accounts
Dues Revenue
Green Fees Revenue
Rent Revenue
Income Summary
(To closing the revenue of the company)
Insurance Expense
Utilities Expenses
Bad Debt Expenses
Salaries and Wages Expenses
Maintenance Expenses
Depreciation Expenses
Insurance Expenses
(To closing the expense during the year)

Ref

Income Summary
Retained Earnings
(To closing the net income of the company)

ADJUSTED TRIAL BALANCE

CRESTWOOD GOLF CLUB

ADJUSTED TRIAL BALA
Debit

Credit
4000
4000
15000
15000
3500
3500
1600
1600
460
460
3600
3600
8900
8900

37060

Debit
191100
5900
19200

37060

Credit

216200
184560
54000
460
83600
24000
19000
3500

31640
31640
432400

432400

ADJUSTED TRIAL BALANCE

CRESTWOOD GOLF CLUB, INC.

ADJUSTED TRIAL BALANCE

Cash
Account Receivable
Allowance for Doubtful Accounts
Rental Receivable
Prepaid Insurance
Land
Buildings
Accumulated Depreciation-Buildings
Equipment
Accumulated Depreciation-Equipment
Salaries Payable
Unearned DuesRevenue
Share Capital - Ordinary

Debit
15000
13000

1560
1600
5500
350000
120000
42400
150000
85000
3600
8900
400000

Retained Earnings
Dues Revenue
Greens Fee Revenue
Rental Revenue
Utilities Expense
Salaries Expense
Maintenance Expense
Insurance Expense
Depreciation Expense-Buildings
Depreciation Expense-Equipment
Bad Debt Expense

Credit

82000
191100
5900
19200
54000
83600
24000
3500
4000
15000
460
839660

839660

POST-CLOSING TRIAL BALANCE

CRESTWOOD GOLF CLUB, INC.
POST-CLOSING TRIAL BALANCE

Cash
Account Receivable
Allowance for Doubtful Account
Prepaid Insurance
Land
Building
Accumulated Depreciation-Buildings
Equipment
Accumulated Depreciation-Equipment
Share Capital-Ordinary
Retained Earnings
Account Payable
Unearned Dues Revenue

Debit
15000
14600

Credit

1560
5500
350000
120000
42400
150000
85000
400000
113640
3600
8900
655100

655100

Accounts
Cash
Supplies
Prepaid Insurance
Land
Equipment
Accumulated Depreciation
Accounts Payable
Unearned Admissions Revenue
Mortage Payable
Cooke, Capital
Cooke, Drawing
Admissions Revenue
Salaries Expense
Repair Expense
Advertising Expense
Utilities Expense
Property Taxes Expense
Interest Expense
TOTAL
Insurance Expense
Supplies Expense
Interest Payable
Depreciation Expense
Property Taxes Payable
TOTAL
NET INCOME
TOTAL

Trial Balance
Debit
Credit
37400
18600
31900
80000
120000
36200
14600
2700
50000
109700
14000
278500
109000
30500
9400
16900
18000
6000
491700
491700

COOKE COMPANY
Worksheet
Adjusted Trial Balance
Debit
37400
4200
3900
80000
120000

14000
109000
30500
9400
16900
21000
12000
28000
14400
5800
506500

OKE COMPANY
Worksheet
justed Trial Balance
Credit

Income Statement
Debit
Credit

42000
14600
700
50000
109700

Balance Sheet
Debit
Credit
37400
4200
3900
80000
120000
42000
14600

700
50000
109700
14000

280500

280500
109000
30500
9400
16900
21000
12000
28000
14400

6000

6000
5800

3000
506500

247000
34200
281200

281200

259500

281200

259500

3000
225300
34200
259500

COOKE COMPANY
STATEMENT OF FINANCIAL POSITION
ASSETS
CURRENT ASSETS
Cash
Supplies
Prepaid Insurance
Total Current Asset

37400
4200
3900
45500

NON CURRENT ASSETS

Land
Equipment
Accumulated depreciation
Total Non Current Asset

80000
120000
-42000
158000

TOTAL ASSETS

203500

OKE COMPANY
OF FINANCIAL POSITION
LIABILITIES
CURRENT LIABILITIES
Account Payable
Unearned Admission Revenue
Interest Payable
Property Taxes Payable
Total Current Liabilities

14600
700
6000
3000
24300

NON CURRENT LIABILITIES

Mortgage Payable
Total Non Current Liabilities

50000
50000

30

TOTAL LIABILITIES

74300

30

95700
33500
129200

30

EQUITY
Cooke, Capital
Retained earnings
Total Equity

Ad
Date
Sept
30

30

30
TOTAL LIABILITIES & EQUITY

203500

COOKE COMPANY
Adjusted General Journal
GENERAL JOURNAL
Account Title and Explanation
Ref
Supplies Expense
Supplies
(To record supplies use)
Insurance Expense
Prepaid Insurance
(To Record insurance expired)
Unearned Admission Expense
Admission Revenue
(To record revenue for service provide)
Property Taxes Expense
Property Taxes Payable
(To record accrued taxes)
Interest Expense
Interest Payable
(To record interest on notes payable)
Depreciation Expense
Accumulated Depreciation
(To record monthly depreciation)

Debit

Credit

14,400
14,400
28,000
28,000
2,000
2,000
3,000
3,000
6,000
6,000
5,800
5,800
59,200

59,200

Date
Sept

COOKE COMPANY
CLOSING ENTRIES
Account Title and Explanation
30 Revenue
Income Summary
(To close revenue account)
30 Income Summary
Salaries Expense
Repair Expense
Advertising Expense
Utilities Expense
Property Taxes Expense
Interest Expense
Insurance Expense
Supplies Expense
Depreciation Expense
(To close expense accounts)
30 Income Summary
R/E
(To close net income to retained earnings)

Debit
280,500

247,000

33,500

561000

COOKE COMPANY
POST-CLOSING TRIAL BALANCE
Credit

280,500

109,000
30,500
9,400
16,900
21,000
12,000
28,000
14,400
5,800

Cash
Supplies
Prepaid Insurance
Land
Equipment
Accumulated Depreciation
Account Payable
Unearned Admissions Revenue
Mortgage Payable
Cooke, Capital
Cooke, Drawing
Interest Payable
Property Taxes Payable
Retained Earnings

Debit
37,400
4,200
3,900
80,000
120,000

14,000

259,500
33,500
561000

ANCE
Credit

42,000
14,600
700
50,000
109,700
6,000
3,000
33,500
259,500