Question
1. Ike Petrov started a tour company, tour along, on october 1,2014.the following activities occurred during November, the second month of operations Ike petrov started
1. Ike Petrov started a tour company, tour along, on october 1,2014.the following activities occurred during November, the second month of operations
Ike petrov started a tour company, tour along, on october 1,2014.the following activities occurred during November, the second month of operations
nov 1. Paid 10,000$ regarding purchases made on account during October.
nov 2. Purchased a $34,000 photocopier, paying $6,000 cash and signing a note payable for the balance.
nov 3. Purchased office supplies for cach; $800
nov 4. Signed a $200,000 contract with rbc to arrange travel for its employees beginning January 1,2015.
Nov 14. Paid wages of $6000 nov nov 20. Collected $14,000 for client travelling in November.
Nov 25 ike petrov withdrew $2000 cash for personal use.
nov 30. Paid interest on the note payable; $150
REQUIRED
2. Set up the following t-account, entering the balances brought forward from October 31,2014 cash (101) $26000; office supplies (124) $900; office equipment (163) $3600; account payable (201) $43,000; note payable(205) 20,000; ike petrov, capital (301) $8,000;ike petrov, withdrawals (302) $4000; travel revenue (401) $34000; wages expense (623) $38,000; and interest expense (633) $100
3. prepare a trail balance at november 30,2014
1. Ike Petrov started a tour company, tour along, on october 1,2014.the following activities occurred during November, the second month of operations Ike petrov started a tour company, tour along, on october 1,2014.the following activities occurred during November, the second month of operations nov 1. Paid 10,000$ regarding purchases made on account during October. nov 2. Purchased a $34,000 photocopier, paying $6,000 cash and signing a note payable for the balance. nov 3. Purchased office supplies for cach; $800 nov 4. Signed a $200,000 contract with rbc to arrange travel for its employees beginning January 1,2015. Nov 14. Paid wages of $6000 nov nov 20. Collected $14,000 for client travelling in November. Nov 25 ike petrov withdrew $2000 cash for personal use. nov 30. Paid interest on the note payable; $150REQUIRED 2. Set up the following t-account, entering the balances brought forward from October 31,2014 cash (101) $26000; office supplies (124) $900; office equipment (163) $3600; account payable (201) $43,000; note payable(205) 20,000; ike petrov, capital (301) $8,000;ike petrov, withdrawals (302) $4000; travel revenue (401) $34000; wages expense (623) $38,000; and interest expense (633) $100 3. prepare a trail balance at november 30,2014 1. Ike Petrov started a tour company, tour along, on october 1,2014.the following activities occurred during November, the second month of operations Ike petrov started a tour company, tour along, on october 1,2014.the following activities occurred during November, the second month of operations nov 1. Paid 10,000$ regarding purchases made on account during October. nov 2. Purchased a $34,000 photocopier, paying $6,000 cash and signing a note payable for the balance. nov 3. Purchased office supplies for cach; $800 nov 4. Signed a $200,000 contract with rbc to arrange travel for its employees beginning January 1,2015. Nov 14. Paid wages of $6000 nov nov 20. Collected $14,000 for client travelling in November. Nov 25 ike petrov withdrew $2000 cash for personal use. nov 30. Paid interest on the note payable; $150REQUIRED 2. Set up the following t-account, entering the balances brought forward from October 31,2014 cash (101) $26000; office supplies (124) $900; office equipment (163) $3600; account payable (201) $43,000; note payable(205) 20,000; ike petrov, capital (301) $8,000;ike petrov, withdrawals (302) $4000; travel revenue (401) $34000; wages expense (623) $38,000; and interest expense (633) $100 3. prepare a trail balance at november 30,2014Step by Step Solution
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