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(a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column heading should be Cash + Accounts Receivable + Supplies
(a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column heading should be Cash + Accounts Receivable + Supplies + Equipment = Notes payable + Accounts Payable + Common Stock + Retained Earnings + Revenues - Expenses - Divides. Include margin explanations for any changes in Retained Earnings. (b) Prepare an income statement for August, a retained earnings statement for August, and a classified balance sheet at August 31. Bradleys Miniature Golf and Driving Range Inc, was opened or March 1 by Bob Dean. These selected events and transactions occurred during March. Mar:1 Stockholders invested exist50,000 cash in the business in exchange for common stock of the corporation. 3 Purchased Sneads Golf Land for exist38,000 cash. The price consists of land exist23,000, building exist9,000, and equipment exist6,000. (Record this in a single entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of exist1.200 cash. 6 Paid cash exist2,400 for a 1-year insurance policy. 10 Purchased golf clubs and other equipment for exist5,500 from Tahoe Company, payable in 30 days. 18 Received golf fees of exist1,600 in cash from customers for golf services performed. 19 Sold 100 coupon books for exist25 each in cash. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. 25 Paid a exist500 cash dividend. 30 Paid salaries of exist800. 30 Paid Tahoe Company in full for equipment purchased on March 10. 31 Received exist900 in cash from customers for golf services performed. The company uses these accounts:Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Service Revenue, Common Stock, Retained Earnings, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions Journalize the Match transactions, including explanations. Bradleys records golf fees as service revenue. Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested exist18,000 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of exist375 per week, payable monthly. 2 Paid office rent for the month exist900
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