Garwood Marine is a boat repair yard, During August its transactions included the following. 1. On August 1 paid rent for the month of August $4,400. 2. On August 2, the owner Michael Garwood invested $ 60,000 cash in his own business. ma 3. On August 3,at request of Kiwi Insurance company made repairs on boat of Michael Fay. Sent bill for 5,620 for services rendered to Kiwi insurance company. 4. On August 8, purchased land for space the value of the land is $30,000.Paid $ 15,000 cash and signed a notes payable for the remaining balance. 5. On August 14, placed advertisement in Yachting World to be published in issue of August at cost of $165,payment to be made within 30 days. 6. On August 25 received a check (cash) for $5,620 from Kiwi Insurance company representing collectables of the receivables of August 3. 7. On August 30 sent check (cash) of $165 to Yachting World in payment of the liability. 8. On August 31, Michael Garwood owner of Garwood Marine withdrew 7,600 from the business for personal use. Instructions : Prepare Journal entries from the above business transactions.

Bob Night opened "The General's Favorite Fishing Hole." The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. Net income for the month of April was $54,250. Ledger balances for The General's Favorite Fishing Hole at the end of April, after adjusting entries, are as follow: Accounts Payable $66,500 Accumulated Depreciation- Fishing Boats 1,000 Bob Night, Capital 90,000 Bob Night, Drawing 6,000 Cash 130,650 Depreciation Expense-Fishing Boats 1,000 Fishing Boats 60,000 Food Supplies 8,000 Food Supplies Expense 30,700 Insurance Expense 1,500 Office Supplies 100 Office Supplies Expense 400 Postage Expense 150 Prepaid Insurance 7,500 Registration…

The following transactions are July activities of Bill’s Extreme Bowling, Incorporated, which operates several bowling centers.  Bill's paid $1,500 to a plumbing company on the day of repairing a broken pipe in the restrooms. Bill's paid $2,000 for the June electricity bill and received the July bill for $2,500, which will be paid in August. Bill's paid $5,475 to employees for work in July.  Required:Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Caritas Publishing issues the Weekly Welder. The company's primary sources of revenue are sales of subscriptions to customers and sales of advertising in the Weekly Welder. Caritas owns its building and has excess office space that it leases to others. The following transactions involved the receipt of advance payments. Prepare the indicated journal entries for each set of transactions. 1) On September 1, 20X7, the company received a $48,000 payment from an advertising client for a 6-month advertising campaign. The campaign was to run from November, 20x7, through the end of April, 20X8. Prepare the journal entry on September 1, and the December 31 end-of-year adjusting entry. 2) The company began 20X7 with S360,000 in unearned revenue relating to sales of subscriptions for future issues. During 20X7, additional subscriptions were sold for $3,490,000. Magazines delivered during 20X7 under outstanding subscriptions totaled $3,060,000. Prepare a summary journal entry to reflect the sales…