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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
Given the following transactions in the month of July for Kootenay Outdoor Adventures, prepare journal entries; and, a trial balance and balance sheet as of July 31, 2013.

a)  Owner, Bill Thompson invested $35,000 cash and equipment with a value of $67,500 into the business.
b)  Purchased supplies on account, $250.
c)  Rented office space paying one month's rent, $950.
d)  Performed guide service on account, $4,500.
e)  Purchased a truck by paying $4,000 cash and signing a promissory note for the balance of $29,800.
f)  Performed guiding service and immediately collected $2,900 cash.
g)  Owner, Bill Thompson withdrew $900 for personal use.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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migrodmigrod
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6 years ago
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harra Author
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6 years ago
Thanks for your help!!
Kstan109
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Yesterday
Good timing, thanks!
annakc
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2 hours ago
This site is awesome
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