Answer Happy

Lisa Frees and Amelia Ellinger have been operating a cateringbusiness for several years. In March, the partners plan to expandby opening a retail sales shop. They have decided to form thebusiness as a corporation called Traveling Gourmet, Inc. Thefollowing transactions occurred in March:
Required: 2. Record in the T-accounts the effects of each transaction for Traveling Gourmet, Inc., in March. Beg. Bal. End. Bal. Beg. Bal. End. Bal. Cash 0 Supplies 0 Beg. Bal. End. Bal. Beg. Bal. End. Bal. Accounts Receivable 0 Equipment 0 0

Beg. Bal. End. Bal. Beg. Bal. End. Bal. Beg. Bal. End. Bal. Beg. Bal. End. Bal. Building 0 Note Payable Common Stock Retained Earnings 0 0 Beg. Bal. End. Bal. Beg. Bal. End. Bal. Beg. Bal. End. Bal. Beg. Bal. End. Bal. Accounts Payable Mortgage Payable 0 Food Sales Revenue 0 Additional Paid-in Capital 0 0

Beg. Bal. End. Bal. Beg. Bal. End. Bal. Beg. Bal. End. Bal. Catering Sales Revenue Utilities Expense 0 Fuel Expense 0 0 Beg. Bal. End. Bal. Beg. Bal. End. Bal. Supplies Expense 0 Wages Expense 0