Barry Bird opened the Barry Bird Basketball Camp for children ages 10 through 18. Campers typically register for one week in June or July, arriving…

Chart of Accounts Assets

101 Cash

142 Office Supplies

183 Athletic Equipment

184 Basketball Facilities

Liabilities

202 Accounts Payable

Owner’s Equity

311 Barry Bird, Capital

312 Barry Bird, Drawing

Revenues

401 Registration Fees

Expenses

511 Wages Expense

512 Advertising Expense

524 Food Expense

525 Telephone Expense

533 Utilities Expense

536 Postage Expense

The following transactions took place during the month of June:

June 1 Bird invested cash in the business, $10,000

1 Purchased basketballs and other athletic equipment, $3,000

2 Paid Hite Advertising for flyers that had been mailed to prospective campers, $5,000

2 Collected registration fees, $15,000

2 Rogers Construction completed work on a new basketball court that cost $12,000. Arrangements were made to pay the bill in July.

5 Purchased office supplies on account from Gordon Office Supplies, $300

6 Received bill from Magic’s Restaurant for meals served to campers on account, $5,800

7 Collected registration fees, $16,200

10 Paid wages to camp counselors, $500

14 Collected registration fees, $13,500

14 Received bill from Magic’s restaurant for meals served to campers on accounts, $6,200

17 Paid wages to camp counselors, $500

18 Paid postage, $85

21 Collected registration fees, $15,200

22 Received bill from Magic’s Restaurant for meals served to campers on account, $6,500

24 Paid wages to camp counselors, $500

28 Collected registration fees, $14,000

30 Received bill from Magic’s Restaurant for meals served to campers on account, $7,200

30 Paid wages to camp counselors, $500

30 Paid Magic’s Restaurant on account, $7,200

30 Paid utility bill, $500

30 Paid telephone bill, $120

30 Bird withdrew cash for personal use, $2,000

1. Enter the transactions in a general journal. Use the following journal pages: June 1­6, page 1; June 7­22, page 2; June 24­30, page 3. 2. Post the entries to the general ledger. 3. Prepare a trial balance.

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