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7. Given the following transactions in the month of July for Kootenay Outdoor Adventures, prepare journal entries; and, a trial balance and balance sheet as

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7. 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, 2023. 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

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