8. Calculate the debt ratio for Canyon Canoe Company at December 31, 2014 Practice Set 2-43 Journalizing transactions, posting to T-accounts, and preparing balance Consider the following transactional data for the first month of operations for Clear Cleaning. perations for Crystal ith a market value of Nov. 1 Aaron Hideaway contributed $15,000 and a truck, with a market $3,000, to the business in exchange for capital. 2 The business paid $4,000 to Pleasant Properties for November throw February rent. (Debit Prepaid Rent) 3 Paid $4,800 for a business insurance policy for the term November 1.2004 through October 31, 2019. (Debit Prepaid Insurance) 4 Purchased cleaning supplies on account, $320. 5 Purchased on account an industrial vacuum cleaner costing $1,500. The invoice is payable November 25. 7 Paid $3,900 for a computer and printer. 9 Performed cleaning services on account in the amount of $4,700. 10 Received $200 for services rendered on November 9. 15 Paid employees, $400. 16 Received $15,000 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2018, and ends November 15, 2019. (Credit Unearned Revenue) 17 Provided cleaning services and received $400 cash. 18 Received a utility bill for $175 with a due date of December 4, 2018. (Use Accounts Payable) 20 Borrowed $36,000 from bank with interest rate of 6% per year. 21 Received $500 on account for services performed on November 9. 25 Paid $750 on account for vacuum cleaner purchased on November 5. 29 Paid $200 for advertising. 30 Hideaway withdrew cash of $1,400 from the business. equirements Journalize the transactione l