The general ledger account balances on May 31 for Outback Guide Service are:

$$\begin{array}{lll} \text{101} & \text{Cash in Bank} & \text{$\$ 2,834$}\\ \text{105} & \text{Accts. Rec. - Mary Johnson} & \text{384}\\ \text{125} & \text{Office Supplies} & \text{307}\\ \text{130} & \text{Office Equipment} & \text{$5,902$}\\ \text{135} & \text{Office Furniture} & \text{$2,804$}\\ \text{140} & \text{Computer Equipment} & \text{$3,295$}\\ \text{145} & \text{Hiking Equipment} & \text{922}\\ \text{150} & \text{Rafting Equipment} & \text{$8,351$}\\ \text{205} & \text{Accts. Pay. - Peak Equipment Inc.} & \text{$1,204$}\\ \text{301} & \text{Juanita Ortega, Capital} & \text{$20,419$}\\ \text{302} & \text{Juanita Ortega, Withdrawals} & \text{$1,800$}\\ \text{310} & \text{Income Summary} & \text{\_\_\_}\\ \text{401} & \text{Guide Service Revenue} & \text{$9,179$}\\ \text{501} & \text{Advertising Expense} & \text{795}\\ \text{505} & \text{Maintenance Expense} & \text{125}\\ \text{515} & \text{Rent Expense} & \text{$2,000$}\\ \text{525} & \text{Utilities Expense} & \text{$1,283$}\\ \end{array}$$

Prepare a work sheet for Outback Guide Service for the period ended May 31 in your working papers. Compute the total assets for Outback.

On October 31 Juanita Ortega, owner of Outback Guide Service, received a bank statement dated October 30. Juanita found the following: 1. The checkbook has a balance of $2,551.34. 2. The bank statement shows a balance of$2,272.36. 3. The statement shows a bank service charge of $20.00. 4. A check from Podaski Systems for$62.44, deposited on October 18, was returned by the bank. There is no fee for handling the NSF check. 5. A deposit of $672.48 made on October 30 does not appear on the bank statement. 6. These checks are outstanding: Check 872 for$126.84 Check 883 for $192.80 Check 881 for$87.66 Check 887 for 68.64 Using the preceding information: 1. Record the service charge and the NSF check in the checkbook. 2. Reconcile the bank statement. 3. Record the service charge and NSF check on page 7 of the general journal. 4. Post the journal entries to the appropriate general ledger accounts.

Juanita Ortega runs Outback Guide Service. The accounts she uses to record and report business transactions are listed below.

$$\begin{matrix} \text{General Ledger} & \text{ }\\ \hline \text{101 Cash in Bank} & \text{205 Accounts Payable—}\\ \text{105 Accounts Receivable—} & \text{Peak Equipment Inc.}\\ \text{Mary Johnson} & \text{207 Accounts Payable—}\\ \text{130 Office Equipment} & \text{Premier Processors}\\ \text{140 Computer Equipment} & \text{301 Juanita Ortega, Capital}\\ \text{145 Hiking Equipment} & \text{ }\\ \text{150 Rafting Equipment} & \text{ }\\ \end{matrix}$$

For each transaction: 1. In your working papers, prepare a T account for each account. 2. Analyze and record each of the following business transactions in the appropriate T accounts. Identify each transaction by number. 3. After recording all transactions, compute and record the account balance on the normal balance side of each T account. 4. Add the balances of those accounts with normal debit balances. 5. Add the balances of those accounts with normal credit balances. 6. Compare the two totals. Are they the same?

$$\begin{array}{rl} \text{Date} & \text{Transactions}\\ \hline \text{May 2} & \text{1. Juanita Ortega transferred an additional $\$53,250$ from her personal savings account into the business checking account.}\\ \text{6} & \text{2. Bought hiking equipment for $\$550$, Check 367.}\\ \text{7} & \text{3. Bought rafting equipment on account from Peak Equipment Inc. for $\$2,675$.}\\ \text{11} & \text{4. Juanita Ortega transferred her own computer, valued at $\$850$, to the business. }\\ \text{16} & \text{5. Bought a cash register for the office on account from Premier Processors for $\$1,250$.}\\ \text{19} & \text{6. Sold the computer on credit for $\$850$ to Mary Johnson.}\\ \text{22} & \text{7. Paid $\$500$ on account to Peak Equipment Inc., Check 368.}\\ \text{24} & \text{8. Purchased shelves for the office for $\$650$, Check 369.}\\ \text{28} & \text{9. Paid $\$1,250$ on account to Premier Processors, Check 370.}\\ \text{31} & \text{10. Bought rafting oars for $\$175$, Check 371.}\\ \end{array}$$

The work sheet for Job Connect appears in your working papers. The amounts that have been entered are correct. Several amounts, however, are missing from various columns. Calculate all missing amounts and complete the work sheet.

The ending balances in the general ledger accounts of Wilderness Rentals for the period ended May 31 follow.

$$\begin{array}{llll} \text{ } & \text{ } & \text{Debit} & \text{Credit}\\ \text{ } & \text{ } & \text{Balances} & \text{Balances}\\ \text{101} & \text{Cash in Bank} & \text{$\$ 5,814$} & \text{ }\\ \text{105} & \text{Accts. Rec. - Helen Katz} & \text{717} & \text{ }\\ \text{110} & \text{Accts. Rec. - Polk and Co.} & \text{590} & \text{ }\\ \text{115} & \text{Office Supplies} & \text{847} & \text{ }\\ \text{120} & \text{Office Equipment} & \text{$4,360$} & \text{ }\\ \text{125} & \text{Camping Equipment} & \text{$6,130$} & \text{ }\\ \text{201} & \text{Accts. Pay. - Adventure Equipment Inc.} & \text{ } & \text{$\$ 1,680$}\\ \text{203} & \text{Accts. Pay. - Digital Tech Computers} & \text{ } & \text{$3,554$}\\ \text{205} & \text{Accts. Pay. - Greg Mollaro} & \text{ } & \text{635}\\ \text{301} & \text{Ronald Hicks, Capital} & \text{ } & \text{$12,760$}\\ \text{305} & \text{Ronald Hicks, Withdrawals} & \text{1,200} & \text{ }\\ \text{310} & \text{Income Summary} & \text{\_\_\_} & \text{\_\_\_}\\ \text{401} & \text{Equipment Rental Revenue} & \text{ } & \text{9,716}\\ \text{501} & \text{Advertising Expense} & \text{$1,940$} & \text{ }\\ \text{505} & \text{Maintenance Expense} & \text{$1,083$} & \text{ }\\ \text{515} & \text{Rent Expense} & \text{$3,500$} & \text{ }\\ \text{525} & \text{Utilities Expense} & \text{$2,164$} & \text{ }\\ \end{array}$$

Prepare a work sheet for the period ended May 31. 1. Write the heading on the work sheet. 2. List all of the accounts in the Account Name and Trial Balance sections. For each account, include the account number, name, and balance. 3. Total and rule the Trial Balance section. Do total debits equal total credits? If not, find and correct the problem before continuing. 4. Extend the appropriate amounts to the Balance Sheet section. 5. Extend the appropriate amounts to the Income Statement section. 6. Total the amount columns in the Income Statement and Balance Sheet sections. 7. Enter the amount of net income or net loss in the appropriate columns in the Income Statement and Balance Sheet sections. 8. Total and rule the Income Statement and Balance Sheet sections. Identify the permanent accounts on the work sheet that have normal debit balances.

Juanita Ortega operates Outback Guide Service. She uses the following accounts to record and summarize her business transactions.

$$\begin{array}{ll} \text{General Ledger} & \text{ }\\ \hline \text{101 Cash in Bank} \\ \text{301 Juanita Ortega, Capital}\\ \text{105 Accounts Receivable}-\text{Mary Johnson}\\ \text{302 Juanita Ortega, Withdrawals}\\ \text{401 Guide Service Revenue}\\ \text{150 Rafting Equipment}\\ \text{505 Maintenance Expense}\ \text{205 Accounts Payable}-\text{Peak Equipment Inc.}\\ \text{515 Rent Expense}\\ \text{520 Utilities Expense}\\ \end{array}$$

Juanita Ortega is the owner of Outback Guide Service. The following accounts are used to record the transactions of her business. $$ \begin{matrix} \text{General Ledger} & \text{ }\\ \hline \text{101 Cash in Bank} & \text{205 Accts. Pay.—Peak Equipment Inc.}\\ \text{105 Accts. Rec.—M. Johnson} & \text{207 Accts. Pay.—Premier Processors}\\ \text{110 Accts. Rec.—Feldman,} & \text{301 Juanita Ortega, Capital}\\ \text{Jones & Ritter} & \text{302 Juanita Ortega, Withdrawals}\\ \text{115 Accts. Rec.—Podaski} & \text{310 Income Summary}\\ \text{Systems Inc.} & \text{401 Guide Service Revenue}\\ \text{130 Office Equipment} & \text{501 Advertising Expense}\\ \text{135 Office Furniture} & \text{505 Maintenance Expense}\\ \text{140 Computer Equipment} & \text{515 Rent Expense}\\ \text{145 Hiking Equipment} & \text{520 Salaries Expense}\\ \text{150 Rafting Equipment} & \text{525 Utilities Expense}\\ \text{201 Accts. Pay.—A-1} & \text{ }\\ \text{Adventure Warehouse}\\ \end{matrix} $$ Record the following transactions on page 1 of the general journal in your working papers. $$ \begin{array}{rl} \text{Date} & \text{Transactions}\\ \hline \text{Jan. 1} & \text{Juanita Ortega contributed the following assets to her business: cash, $\$ 1,500 ;$ hiking equipment, $\$ 2,000 ;$ rafting equipment, $\$ 2,500 ;$ and office furniture, $\$ 500 ;$ Memorandum 21.}\\ \text{2} & \text{Issued Check 515 to Town News for a $\$ 75$ ad.}\\ \text{4} & \text{Purchased $\$ 3,000$ in rafting equipment on account from A-1 Adventure Warehouse, Invoice AW45.}\\ \text{6} & \text{A group from Feldman, Jones & Ritter went on a hiking trip. The group was billed $\$ 4,800$ for guide services, Sales Invoice 300.}\\ \text{10} & \text{Paid $\$ 300$ to Dunn's Painting and Interior Co. for painting the office, Check 516. }\\ \text{13} & \text{Made a $\$ 1,000$ payment to A-1 Adventure Warehouse toward the amount owed, Check 517.}\\ \text{15} & \text{Received a check for $\$ 4,800$ from Feldman, Jones 8 Ritter in payment of their account, Receipt 252.}\\ \text{18} & \text{Juanita Ortega paid herself $\$ 600$ by issuing Check 518.}\\ \text{22} & \text{Billed a client, Mary Johnson, $\$ 1,200$ for completing guide services on a hiking expedition, Sales Invoice 301.}\\ \text{25} & \text{Paid the monthly telephone bill for $\$ 175$ by issuing Check 519.}\\ \text{30} & \text{Purchased a $\$ 3,600$ computer system from Premier Processors. Made a down payment for $\$ 1,800$ and agreed to pay the balance within 30 days, Check 520 and Invoice 749.}\\ \end{array} $$

Find the interest and maturity value for a 60-day note with principal of $1,500 and interest at 8 percent. a.$120.00 interest; $1,620.00 maturity value b.$32.88 interest; $1,532.88 maturity value c.$3.29 interest; $1,503.29 maturity value d.$19.74 interest; $1,519.74 maturity value

What is the maximum range of sound frequencies that humans can hear? (1) 0 to 150 Hz (2) 0 to 200 Hz (3) 20 to 5000 Hz (4) 20 to 20,000 HZ

True or False. The distance between two points is sometimes a negative number.

The record of all accounts and their balances used by a business is called

a: A. Journal
B. Book of original entry
C. General journal
D. Balance column journal
E. Ledger (or general ledger)

The general ledger for Hot Suds Car Wash shows the following account balances on May 31, the end of the period.

$$\begin{array}{lll} \text{101} & \text{Cash in Bank} & \text{$\$ 9,400$}\\ \text{105} & \text{Accts. Rec. - Linda Brown} & \text{429}\\ \text{110} & \text{Accts. Rec. - Valley Auto} & \text{372}\\ \text{115} & \text{Detailing Supplies} & \text{694}\\ \text{120} & \text{Detergent Supplies} & \text{418}\\ \text{125} & \text{Office Equipment} & \text{$15,195$}\\ \text{130} & \text{Office Furniture} & \text{$2,029$}\\ \text{135} & \text{Car Wash Equipment} & \text{$7,486$}\\ \text{201} & \text{Accts. Pay. - Allen Vacuum Systems} & \text{$4,346$}\\ \text{205} & \text{Accts. Pay. - O'Brian's Office Supply} & \text{$2,730$}\\ \text{301} & \text{Regina Delgado, Capital} & \text{$26,530$}\\ \text{305} & \text{Regina Delgado, Withdrawals} & \text{$2,500$}\\ \text{310} & \text{Income Summary} & \text{ }\\ \text{401} & \text{Wash Revenue} & \text{$7,957$}\\ \text{405} & \text{Wax Revenue} & \text{$5,329$}\\ \text{410} & \text{Interior Detailing Revenue} & \text{$2,970$}\\ \text{501} & \text{Advertising Expense} & \text{$1,940$}\\ \text{505} & \text{Equipment Rental Expense} & \text{$3,836$}\\ \text{510} & \text{Maintenance Expense} & \text{$1,424$}\\ \text{520} & \text{Rent Expense} & \text{$3,500$}\\ \text{530} & \text{Utilities Expense} & \text{639}\\ \end{array}$$

Prepare a work sheet for Hot Suds Car Wash in your working papers. Identify the temporary accounts on the work sheet that have normal credit balances.

Describe three ways in which your own actions contribute to water pollution. Then, describe three ways in which you could reduce the effects of these actions.

The work sheet for Wilderness Rentals for the month ended September 30, 20-- is in your working papers. Using the work sheet, prepare an income statement for Wilderness Rentals.