Answer Happy

December Transactions - X Dec, 1 Alyssa contributed land on the river (worth $85,000) and a small building to use as a rental office (worth $202,000) in exchange for owner's equity 1 Prepaid $2,700 for three months' rent on the warehouse where the company stores the canoes 2 Purchased canoes, signing a note payable for $5,280 4 Purchased office supplies on account for $700 9 Received $4,900 cash for canoe rentals to customers 15 Rented canoes to customers for $3,400 but will be paid next month 16 Received a $400 deposit from a group that will use the canoes next month 18 Paid the utilities and telephone bills from last month 19 Paid other accounts payable in the amount of $1,600 20 Received bills for the telephone ($310) and utilities ($220), which will be paid later 31 Paid salaries of $2,100 31 Winter withdrew cash of $500 from the business
November Transactions - - Х Nov 1 Received $17 000 cash to begin the company, and gave owner's equity to Alyssa Winter 2 Signed a lease for a building, and paid $900 for the first month's rent 3 Purchased canoes for $4,600 on account 4 Purchased office supplies on account, $1,300 7 Earned $2,100 cash for rental of canoes. 13 Paid $1,700 cash for salaries 15 Winter withdrew $200 cash from the business. 16 Received a bill for $120 for utilities (Use separate payable account) 20 Received a bill for $140 for cellphone expenses (Use separate payable account) 22 Rented canoes to Tender Time on account $2 600 26 Paid $1,400 of the amount owed for the November 3 purchase that was made "on account" 28 Received $1,100 from Tender Time for canoe rental on November 22 30 Winter withdrew cash of $300 from the business, Drin Dona
insaction analysis chart Assets Liabilities Cash AR + ON Cances AP + Ut Equity Rent - Rent Roy EXP Sup - Salaries Tele Tele- A Wine - A Winter Pay Capital With . 17 000 Pwy Uni Eκη) . Exp Ер + 900 1 17,000 2 (900). Bat 16,100 3 Bal 10.100 0 0+ 0+ O 4600 04 4.600 0 17.000 O- 0 000 D 0 - 0 . 0+ 4,600 0- 0 0+ 1,300 (+ 17.000 4.000 1,300 0 300 0 0 0 . 0+ 1,300 4.600 5,000 0 0 17,000 O 900 0 0 0 0 2.100 4 Bal 16.100 2.100 7 Bal 18.200 - 13 (1.700) Bal 16 500 15 (200) 0 1.300 4.600 5,900 0 0 17 000 2.100- 900 0 . 0 1700 - + 0 - 1300 4.000 5.900 0 0 17 000 2,100 000- 1,700 0 0 200 + Bal 16,300 1300 - 4 500 5.900 0 0 170004 200 2.100 200 1700 0 120 1200 16 + + Bal 16 300- 0 1300 5000 - 600- 120 17.000.- 200 d 2.100 900 120 1700- 0+ 140 140 20
2,100 7 Bal 2,100 . 18.200 0. 1,300 4.600 5,500 0 0.- 17.000 0. 2.100 500 13 (1.700) . 0 1,700 . . 1,300 4,600 5.000 0 0. 17.000 2.100 000 0 0. 200 . 1.700 . . . . Bal 16,500 15 (200) Bal 16,300 10 Bal 10,300 0. 1,300 4,600 5.900. 0. 17.000 200 0. 120 2,100 500 1.700 . 1200 0 1.300 4.000 5.000 120 0 17 000 200 2.100 000 120 1,700 20 140 . . 140 Bal 10,300 1 300 4.000 5 000 120 100 17 000 200 300 120 1.700 140 0. 2.000 2.100 2.600 22 . + Bal 10,300 2.000 1300 4000 120. 100 17.000 200 4 700 900 120 1.700 140 5000 11.400) 26 (1.400) + 120 1300 4.500. 10 4.600 Bal 200 17.000 4.700 120 1 700 000 140 14,900 1 100 28 2.000 (1.100) 1 500 . 4700 17.000 120 - 000 HO 120 1.700 140 4,000 1 300 4500 2006 300 Bal 16.000 30 (300) Bal 15.700 120 500 1700 4700 000 140 120 17 000 140 1,500 4600 4500 1300 23.100 23.100