Mini-CaseVictoria Getz,a college sophomore ,has been seeking ways to earn extra spending money.As an active sports enthusiast,Victoria plays tennis regularly at the Georgetown Golf and Tennis Club,where her father has a family membership.The presiden
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Mini-CaseVictoria Getz,a college sophomore ,has been seeking ways to earn extra spending money.As an active sports enthusiast,Victoria plays tennis regularly at the Georgetown Golf and Tennis Club,where her father has a family membership.The presiden
Mini-Case
Victoria Getz,a college sophomore ,has been seeking ways to earn extra spending money.As an active sports enthusiast,Victoria plays tennis regularly at the Georgetown Golf and Tennis Club,where her father has a family membership.The president of the club recently approached Victoria with the proposal that Victoria manage the club’ s tennis courts on weekends.Victoria’s primary duty would be to supervise the operation of the club’s two indoor and six outdoor courts,including court reservations.In return for her services,the club agreed to pay Victoria $50 per weekend,plus that Victoria could keep whatever she earned from the lessons she gives and the fees from the use of the ball machine.The club and Victoria agreed to a one-month trial,after which both would consider an arrangement for the remaining three years of Victoria’s college career.On this basis,Victoria organized Tennis Services Unlimited.During September,Victoria managed the tennis courts and entered into the following transactions.
a. Opened a business bank account by depositing $350.\x0b
b. Paid $80 for tennis supplies (practice tennis balls,etc.)\x0b
c. Paid $110 for the rental of video tape equipment to be used in offering lessons during September.\x0b
d. Arranged for the rental of a ball machine during September for $40.Paid $20 in advance,with the remaining $20 due October 1.\x0b
e. Received $375 for lessons given during September.\x0b
f. Paid $45 for salaries of part-time employees who answered the telephone and took reservations while Victoria was giving lessons.
g. Received $60 in fees from the used of the ball machine during September.\x0b
h. Paid $35 for miscellaneous expenses.
i. Received $200 from the club for managing the tennis courts during September.\x0b
j. Supplies on hand at the end of the month total $55.\x0b
k. Victoria withdrew $300 for personal use on September 30.\x0b
As a friend and an accounting student,Victoria has asked you to aid her in assessing the venture.
Required:
make the journal entry for the transactions.
Prepare the following:(1) an Income Statement for September; (2) the Statement of Owner’s Equity; (3) a Balance Sheet of September 30.
Assume that Victoria Getz could earn $3.50 per hour working 16hours per weekend for a fast food restaurant.Evaluate which of the two alternatives,the fast food restaurant or Tennis Service Unlimited,would provide Victoria with a better income per month.
不是翻译,可以帮我做一下英语分录吗,
Mini-CaseVictoria Getz,a college sophomore ,has been seeking ways to earn extra spending money.As an active sports enthusiast,Victoria plays tennis regularly at the Georgetown Golf and Tennis Club,where her father has a family membership.The presiden
A.Dr:cash 350
Cr:Getz,capital 350
B.Dr:tennis supplies 80
Cr:cash 80
C.Dr:rent expense 110
Cr:cash 110
D.Dr:rent expense 40
Cr:cash 20
account payable 20
E.Dr:cash 375
Cr:service revenue 375
F.Dr:salary expense 45
Cr:cash 45
G.Dr:cash 60
Cr:service revenue 60
H.Dr:miscellaneous expense 35
Cr:cash 35
I.Dr:cash 200
Cr:service revenue 200
J.Dr:tennis supplies expense 25
Cr:tennis supplies 25 (这笔是调整分录,要做的)
K.Dr:Getz,withdraw 300
Cr:cash 300