The Garden Place

ASSIGNMENT: THE GARDEN PLACE

Date: Feb 14, 2011

THE GARDEN PLACE

Table of Contents: Part 1: Journal Entries Ledger Entries – T-Account Postings Balance Sheet as at March 31, 2006 Projected Income Statement for the year ending March 31, 2007 Projected Balance Sheet as at March 31, 2007 Additional Information Breakeven Calculations Part 2: Summary Report Part 3: Bibliography

THE GARDEN PLACE

General Journal

1)

DATE March 31, 2006 March 31, 2006

ACCOUNT Cash Shares (To record investment of Marry and John) Cash Loan from Campbell National Bank (To record Loan from Campbell National Bank) Pickup Truck Loan - Pickup Truck Cash (To record purchase of Truck against partial cash payment and loan for the balance) Display Equipment Cash (To record purchase of Display Equipment) Rototiller Cash (To record purchase of Rototiller) Cash Register Cash (To record purchase of Cash Register) Inventory Cash (To record purchase of Inventory of plants, trees and shurbs) Cash Cash Sales (To record projected Cash Sales for the year) Account Receivable Credit Sales (To record projected Credit Sales for the year) Inventory Cash (To record projected purchase of Inventory of plants, trees and shurbs)

DR 60,000

CR 60,000

2)

March 31, 2006 March 31, 2006

32,000 32,000

3)

March 31, 2006 March 31, 2006 March 31, 2006

12,000 10,000 2,000

4)

March 31, 2006 March 31, 2006

6,000 6,000

5)

March 31, 2006 March 31, 2006

400 400

6)

March 31, 2006 March 31, 2006

3,600 3,600

7)

March 31, 2006 March 31, 2006

60,000 60,000

8 i)

March 31, 2007 March 31, 2007

340,000 340,000

8 ii) March 31, 2007 March 31, 2007

60,000 60,000

9)

March 31, 2007 March 31, 2007

200,000 200,000

10)

March 31, 2007 March 31, 2007

Advertising Expense Cash (To record projected Advertisig Expense for the year)

20,000 20,000

11 i) March 31, 2007 March 31, 2007

Rent Expense Cash (To record projected Rent Expense for...