a) ATLANTIC TOURS GENERAL JOURNAL Date: Account Titles and Explanation 2003 1-Jun-03 Insurance Expense Prepaid Insurance

2-Jun-03 Amortization Expense/ Buses Accumilated Amortization/ Buses Amortization Expense/ Equipment Accumilated Amortization/ Equip 3-Jun-03 Interest Expense Interest Payable 4-Jun-03 Unearned Fees Fee's Earned 5-Jun-03 Salaries Expense Salaries Payable 6-Jun-03 Accounts Recievable Fee's Earned 7-Jun Advertising Expense Accounts Payable REF: Debits 600 600 2,300 2,300 50 50 300 300 6,000 6,000 1,200 1,200 1,200 1,200 500 500 Credits

b) GENERAL LEDGER ATLANTIC TOURS Date: Explanation: June 30, 2003 opening balance Cash REF: Debits $ 3,000.00 Credits Balance $ 3,000.00

Date: Explanation: June 30, 2003 opening balance June 30, 2003 Date: Explanation: June 30, 2003

Prepaid insurance REF: Debits $ 7,200.00 Accounts payable REF: Debits J1

Credits $ 600.00

Balance $ 7,200.00 $ 6,600.00 Balance $ 500.00

Credits $ 500.00

Date: Explanation: June 30, 2003 opening balance

Office equipment REF: Debits $ 1,800.00

Credits

Balance $ 1,800.00

Date: Explanation: June 30, 2003 June 30, 2003

Accumulated amortization REF: Debits Credits J1 $ 2,300.00 J1 $ 50.00

Balance $ 2,300.00 $ 2,350.00

Date: Explanation: June 30, 2003 opening balance

Buses REF:

Debits $ 140,000.00

Credits

Balance $ 140,000.00

Date: Explanation: June 30, 2003

Accounts receivable REF: Debits J1 $ 1,200.00

Credits

Balance $ 1,200.00

Date: Explanation: June 30, 2003 opening balance

Notes payable REF: Debits

Credits $ 62,000.00

Balance $ 62,000.00

Date: Explanation: June 30, 2003

Salaries payable REF: Debits J1 Interest payable REF: Debits J1 Unearned fees REF: Debits J1 $ 6,000.00

Credits $ 1,200.00

Balance $ 1,200.00

Date: Explanation: June 30, 2003

Credits $ 300.00

Balance $ 300.00

Date: Explanation: June 30, 2003 opening balance June 30, 2003

Credits $ 15,000.00

Balance $ 15,000.00 $ 9,000.00

Date: Explanation: June 30, 2003 opening balance

Eldon Kaplan, Capital REF: Debits

Credits $ 70,000.00

Balance $ 70,000.00

Date: Explanation: June 30, 2003 opening balance June 30, 2003

Salaries expense REF: Debits $ 9,000.00 J1 $ 1,200.00

Credits

Balance $ 9,000.00 $ 10,200.00

Date: Explanation: June 30, 2003 opening balance June 30, 2003

Advertising expense REF: Debits $ 800.00 J1 $ 500.00

Credits

Balance $ 800.00 $ 1,300.00

Date: Explanation: June 30, 2003 opening balance

Gas & Oil expense REF: Debits J1 $ 1,100.00 Fee's Earned REF: Debits $ 15,900.00 J1 J1 Insurance Expense REF: Debits J1 $ 600.00 Interest Expense REF: Debits J1 $

Credits

Balance $ 1,100.00

Date: Explanation: June 30, 2003 opening balance June 30, 2003

Credits $ $ 6,000.00 1,200.00

Balance $ 15,900.00 $ 21,900.00 $ 23,100.00

Date: Explanation: June 30, 2003

Credits

Balance $ 600.00

Date: Explanation: June 30, 2003

Credits 300.00

Balance $ 300.00

Date: Explanation: June 30, 2003

Ammortization Expense- Equipment REF: Debits Credits J1 $ 50.00 Ammortization Expense- Buses REF: Debits Credits J1 $ 2,300.00

Balance $ 50.00

Date: Explanation: June 30, 2003

Balance $ 2,300.00

c)

ATLANTIC TOURS ADJUSTED TRIAL BALANCE JUNE 30, 2003 Debit 3,000.00 6,600.00 1,200.00 1,800.00 2,350.00 140,000.00 1,200.00 300.00 62,000.00 9,000.00 70,000.00 23,100.00 600.00 300.00 50.00 2,300.00 10,200.00 1,300.00 1,100.00 Credit

Cash Prepaid insurance Accounts Receivable Accounts payable Office equipment Accumulated amortization Buses Salaries payable Interest payable Note payable Unearned fees Eldon Kaplan, Capital Fees earned Insurance Expense Interest Expense Amortization Expense- Equipment Amortization Expense- Buses Salaries expense Advertising expense Gas and oil expense

500.00

168,450.00

168,450.00