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12/04/2020 Client: wyncastaly Deadline: 2 Day

COMPREHENSIVE PROBLEM 1: THE ACCOUNTING CYCLE


            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. The chart of accounts for the camping operations is provided below.

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