Synder Miniature Golf and Driving Range Inc.GENERAL JOURNAL

Date Account Titles and Explanation Ref DebitMarch 1 Cash 60,000

Share Capital - Ordinary (Issued ordinary shares for cash)

3 Land 10,000Building 22,000Equipment 6,000 Cash (Purchased land, Building, & equipment for cash)

5 Advertising Expense 1,600 Cash (Paid advertising expense for cash)

6 Prepaid insurance 1,480 Cash (Paid one-year insurance policy)

10 Golf Equipment 2,500 Account Payable (Purchased equipment on account from Young Company)

18 Cash 1,200 Service Revenue (Received cash for service)

25 Devidend 1,000 Cash (Declared and paid a cash devidend)

30 Wages Expense 900 Cash (Paid salaries to date)

30 Account Payable 2,500 Cash (Paid Young Company in full)

31 Cash 750 Service Revenue (Received cash for service)

Synder Miniature Golf and Driving Range Inc.GENERAL JOURNAL Tegar Babarunggul (29115032)

Credit

60,000

38,000

1,600

1,480

2,500

1,200

1,000

900

2,500

750

LEDGER

Cash Account ReceivableBeg 15000 Beg 13000

Adj 15000 Adj 13000Clos 15000 Clos 13000

Prepaid Insurance LandBeg 9000 3500 3) Beg 350000

Adj 5500 Adj 350000Clos 5500 Clos 350000

Acc Depreciation-Buildings Equipment

Beg 38400 Beg 150000

4000 1)

Adj 42400 Adj 150000Clos 42400 Clos 150000

Share Capital - Ordinary Retained EarningsBeg 400000 Beg 82000

Adj 400000 Adj 82000Clos 400000 C) 31640

Clos 113640

Green Fees Revenue Rental RevenueBeg 5900 Beg 17600

1600 4)

Adj 5900 Adj 19200A) 5900 A) 19200

Clos 0 Clos 0

Salaries Expense Maintenance ExpenseBeg 80000 Beg 24000

6) 3600

Adj 83600 Adj 24000B) 83600 B) 24000

Clos 0 Clos 0

Depreciation Expense - Equipment Insurance Expense2) 15000 3) 3500

Adj 15000 Adj 3500B) 15000 B) 3500

Clos 0 Clos 0

Bad Debt Expense Unearned Dues Revenue5) 460 8900 7)

Adj 460 Adj 8900B) 460 Clos 8900

Clos 0

ADJUSTING ENTRIES

Allowance For Doubtful AccountBeg 1100 CRESTWOOD GOLF CLUB, INC.

460 5) Adjusting JournalDate

1) 30

Adj 1560Clos 1560 2) 30

BuildingsBeg 120000 3) 30

4) 30

Adj 120000Clos 120000 5) 30

Acc Depreciation-Equipment

Beg 70000 6) 30

15000 2)

7) 30

Adj 85000Clos 85000

Dues RevenuesBeg 200000

7) 8900 CLOSING ENTRIESCRESTWOOD GOLF CLUB, INC.

Closing EntriesDate

Adj 191100 A) 31A) 191100

Clos 0

Utilities ExpenseBeg 54000 B) 31

Adj 54000B) 54000

Clos 0

C) 31Depreciation Expense - Buildings

1) 4000

Adj 4000B) 4000

Clos 0

Rent Receivable4) 1600

Adj 1600Clos 1600

Salaries Payable3600 6)

Adj 3600Clos 3600

ADJUSTING ENTRIES

CRESTWOOD GOLF CLUB, INC. Adjusting Journal

Accounts Ref Debit CreditDepreciation Expense 4000 Accumulated Depreciation - Buildings 4000 (To adjust the depreciation buildings during the year)Depreciation Expense 15000 Accumulated Depreciation - Equipment 15000 (To adjust the depreciation equipment during the year)Insurance Expense 3500 Prepaid Insurance 3500 (To adjust the insurance expired during the year)Rent Receivable 1600 Rent Revenue 1600 (To adjust the December revenue that hasn't yet been received)Bad Debt Expense 460 Allowance for Doubtful Accounts 460

(To adjust the estimated uncollectible receivable)

Salaries and Wages Expense 3600 Salaries and Wages Payable 3600 (To adjust the salaries earned but not paid)Dues Revenue 8900 Unearned Dues Revenue 8900 (To adjust dues received from members)

37060 37060

CLOSING ENTRIESCRESTWOOD GOLF CLUB, INC.

Closing EntriesAccounts Ref Debit Credit

Dues Revenue 191100Green Fees Revenue 5900Rent Revenue 19200 Income Summary 216200 (To closing the revenue of the company)Insurance Expense 184560 Utilities Expenses 54000 Bad Debt Expenses 460 Salaries and Wages Expenses 83600 Maintenance Expenses 24000 Depreciation Expenses 19000 Insurance Expenses 3500 (To closing the expense during the year)

Income Summary 31640 Retained Earnings 31640 (To closing the net income of the company)

432400 432400

CRESTWOOD GOLF CLUB, INC.ADJUSTED TRIAL BALANCE

Debit CreditCash 15000Account Receivable 13000Allowance for Doubtful Accounts 1560Rental Receivable 1600Prepaid Insurance 5500Land 350000Buildings 120000Accumulated Depreciation-Buildings 42400Equipment 150000Accumulated Depreciation-Equipment 85000Salaries Payable 3600Unearned DuesRevenue 8900Share Capital - Ordinary 400000

Retained Earnings 82000

Dues Revenue 191100Greens Fee Revenue 5900Rental Revenue 19200Utilities Expense 54000Salaries Expense 83600Maintenance Expense 24000Insurance Expense 3500Depreciation Expense-Buildings 4000Depreciation Expense-Equipment 15000Bad Debt Expense 460

839660 839660

ADJUSTED TRIAL BALANCE

POST-CLOSING TRIAL BALANCE

CRESTWOOD GOLF CLUB, INC.POST-CLOSING TRIAL BALANCE

Debit CreditCash 15000Account Receivable 14600Allowance for Doubtful Account 1560Prepaid Insurance 5500Land 350000Building 120000Accumulated Depreciation-Buildings 42400Equipment 150000Accumulated Depreciation-Equipment 85000Share Capital-Ordinary 400000Retained Earnings 113640Account Payable 3600Unearned Dues Revenue 8900

655100 655100

COOKE COMPANYWorksheet

Accounts Trial Balance Adjusted Trial BalanceDebit Credit Debit Credit

Cash 37400 37400Supplies 18600 4200Prepaid Insurance 31900 3900Land 80000 80000Equipment 120000 120000Accumulated Depreciation 36200 42000Accounts Payable 14600 14600Unearned Admissions Revenue 2700 700Mortage Payable 50000 50000Cooke, Capital 109700 109700Cooke, Drawing 14000 14000Admissions Revenue 278500 280500Salaries Expense 109000 109000Repair Expense 30500 30500Advertising Expense 9400 9400Utilities Expense 16900 16900Property Taxes Expense 18000 21000Interest Expense 6000 12000 TOTAL 491700 491700Insurance Expense 28000Supplies Expense 14400Interest Payable 6000Depreciation Expense 5800Property Taxes Payable 3000 TOTAL 506500 506500 NET INCOME TOTAL

COOKE COMPANYWorksheet

Income Statement Balance SheetDebit Credit Debit Credit

3740042003900

80000120000

4200014600

70050000

10970014000

280500109000

305009400

169002100012000

2800014400

60005800

3000247000 281200 259500 225300

34200 34200281200 281200 259500 259500

COOKE COMPANYSTATEMENT OF FINANCIAL POSITION

ASSETS LIABILITIES CURRENT ASSETS CURRENT LIABILITIES Cash 37400 Account Payable 14600 Supplies 4200 Unearned Admission Revenue 700 Prepaid Insurance 3900 Interest Payable 6000 Total Current Asset 45500 Property Taxes Payable 3000

Total Current Liabilities 24300NON CURRENT ASSETS Land 80000 NON CURRENT LIABILITIES Equipment 120000 Mortgage Payable 50000 Accumulated depreciation -42000 Total Non Current Liabilities 50000 Total Non Current Asset 158000

TOTAL LIABILITIES 74300TOTAL ASSETS 203500

EQUITY Cooke, Capital 95700 Retained earnings 33500 Total Equity 129200

TOTAL LIABILITIES & EQUITY 203500

COOKE COMPANYAdjusted General Journal

GENERAL JOURNALDate Account Title and Explanation Ref Debit CreditSept30 Supplies Expense 14,400

Supplies 14,400 (To record supplies use)

30 Insurance Expense 28,000 Prepaid Insurance 28,000 (To Record insurance expired)

30 Unearned Admission Expense 2,000 Admission Revenue 2,000 (To record revenue for service provide)

30 Property Taxes Expense 3,000 Property Taxes Payable 3,000 (To record accrued taxes)

30 Interest Expense 6,000 Interest Payable 6,000 (To record interest on notes payable)

30 Depreciation Expense 5,800 Accumulated Depreciation 5,800 (To record monthly depreciation)

59,200 59,200

COOKE COMPANYCLOSING ENTRIES

Date Account Title and Explanation Debit CreditSept

30 Revenue 280,500 Income Summary 280,500 (To close revenue account)

30 Income Summary 247,000 Salaries Expense 109,000 Repair Expense 30,500 Advertising Expense 9,400 Utilities Expense 16,900 Property Taxes Expense 21,000 Interest Expense 12,000 Insurance Expense 28,000 Supplies Expense 14,400 Depreciation Expense 5,800 (To close expense accounts)

30 Income Summary 33,500 R/E 33,500 (To close net income to retained earnings)

561000 561000

COOKE COMPANYPOST-CLOSING TRIAL BALANCE

Debit CreditCash 37,400 Supplies 4,200 Prepaid Insurance 3,900 Land 80,000 Equipment 120,000 Accumulated Depreciation 42,000 Account Payable 14,600 Unearned Admissions Revenue 700 Mortgage Payable 50,000 Cooke, Capital 109,700 Cooke, Drawing 14,000 Interest Payable 6,000 Property Taxes Payable 3,000 Retained Earnings 33,500

259,500 259,500