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Accounting help, does any of this make sense? Better oa on p ny ervice sed company t et re ts canoes or use o loca

Accounting help, does any of this make sense?

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Better oa on p ny ervice sed company t et re ts canoes or use o loca akes and rwers. A m rte graduated rom c ege a out 10 years ago. She worked r onu o e" For accounting m s and became love of outdoor activities with her buaineas knowledgs Amy decides thet she wil aeate a new sole proprietorhip, Beter Boat Company er BBC for shot The business began operations on November 1, 2018 P ecause he loves the uu dours, she deo ed to beg d new business at wil c mbre Read the equitements Requirament 1. Analyza tha attects of Battar Boat Campanys transactians on th accountingquaion Includad ara tha tollowing haadings:Cash Accounts Racalvabla (A/R Offica Supplias (Of Sup Withdrawal: (Withdr. Canoe Rental Revenue (Rent Rev. Rent Expene Rent Exp Utiics Expense (l. Exp. Wags Expense(Wage Exp); and Telsphone Expense Tele. Exp) Canoes; Accounts Payable (APy: Ltidas Payabla ( Pay Talaphone Payabla (Tala Pay Whhe Capitat Whhe Ana ze he events chrono ca y, one yansaction ata mt be annn with hu ransaction on ovember November ca culat total k se s and totel liabi i 8 and equty ong la 0nl the ne8888ry ans to ccount with a minus sign or parenthas) For each transaction t at fol to ou transac ion lines s the Novem er 1st transection ca culle ebalance in eech account erana png its effecter he accoun ng equation fer ca cu o norer to any 2er08 to our ansaciion lin 8 Camy di n all balan 8 oth-B ine cudir g zero balanc 8xounts entering ng he en ng bulance of each account on for any Zero balances Ente ec ease in an hita, HantRant Pay. Pay. Capital Withdr Rev. Exp Exp Exp Exp More Inf Nov. 1 Received $12 000 csel' tu begi, compeny Bnd gevecspill lo 2 Signad a laasa for a hulding and paid $/00 for tha irat month'srant Purchased cances for $4,300 on account 4 Purchascd office supplics on account $1,200. Eaned $1,300 cash for rental of canoes. 13 Paid $1,200 cash for wages 15 White withdrew $100 cash from the business 16 Received abill for $180 for utiitiees. (Use separale paysble account) 20 Received abill for $170 for cel phone eapenses. (Use seperale 22 Rentad canoesto Kindarcar on account S2 S00 26 Paid 2,500 on account ralatad to the Navamber 3,2018 purchase 20 Racalwad $1,700from Kindarcare for canoc rental on November 22 30 White withdrew $150 tash from the business hecse trom any ist or enter any number in the input tields and then continue ta the next questian ow om en service esed company that rents canoes or use on locallak" and rvers my hite graduated rom col e e about 0 yearsago. She vorked or one ofthe 'Big Four accounting mms and becam. P A Because she loves he outdoors she decided o begn new busness hat wil combr loe 0r oue o activities ih her b 8i as kno ledge my decidas that 8he il create ne 01 propriatorship. Bene Baat Co pien or 88c ror 8hor1 The business bHJ-operations on Nover be. 1 2018 Read the m 26 More Into Bal Nov 1 Rcavad $12000 cah to hagin tha company and gava capital to Amy 2 Signed a ea fara builcing and paid 5700 for the first month'rent 3 Purchased canoes for $4,300 on account 4 Purcised uffice supplies on count, $1,200 7 Eamed $1,300 cash for rental of canoes Bel Requirement 2 Prepdre he nome, slatement o Bet er Boat e month ended November 30, 2018. I box 15 nut used m the steternen leve hr box er ty do rot select bel cr enter Lero 13 Paid 51.200 cash for wages umpemy or 15 WWhine withdraw 5100 caah tram tha husines 1 Racaad a bill fcr $180 for utlities. (Uaa saparata payabla account) 20 Recched a bill for $170 far cel phone copenses (Uss scparate Bettar Hoat Company Balance Sheet payable account) 25 Paid 52,500 on ocount reled to the November 3, 2018, purchese 2010. 3D White withdrew $150 cash from the business Print Donc Chose tram any Ist or enter any number in the igut heeltesand the contnue to the next quesion Batter Boat Company Is aservico-based campany that rants canoes for use on lacal lakss and rtvars Amny White gracuated from collaga about 10 years aga. Sha worked for cne of the Big Four accounting firms and bacame a CPA. Bacausa sha lowas the outdoors, sha decided to bagin a now businass that will combina ha ove of outdor activises with her business knawledge. Amy decides that she will create a new scle proprietorship, Better Boat Company, or EBC for short. The business began operations on Navember 1, 2018 (Click the icon to view the transactions) Road he teauincments Hanaw tha andng balances at tha accounts trom Hquirement 1 Better Boat Company Balance Sheel November 30, 201 More In Nov. 1 Received $12,000 cash to begin the company and gave cpl to 2 Sinad R laaaa tor building and pak1 $700 for th first north's rent 4 Purchasad oc supplas on account $1200 Net Income Raquiramnt 3. Prapare the statamant ot squity for the month snded November 30 2018 Ertar any Incraases in capital prior to the subotal and any dacrazses to capital balow the subbotal. Entor a "for any zaro balancas) Review the ending balances of the accounts from Requirement Earned $1,300 cath for rental af canoss 13 Paid $1,200 cash for wagcs 15 White withdrew $100 cash rom the business. 16 Received a bill for $180 for utiities. (Use separate payable account.) 20 Reveived a bil for $170 For cell phone expeses (Use sepsrate 22 Rantad canoas to Kindercara on account, 52,5DD 26 Pald $2 500 on account related to tha Nowambar 3, 2018, purchasa. 20 Recalvad $1,700 from Kincercare for canoe rental on Nowembar 22 While, Capital, Novermber 1, 2018 0 White witdrew $150 cash rom the business Choose from any list or enter any number in the input fields and then continue to the next question Better Baat Company s a service based company that rents canoes or use on local lakos and hers. Amy white graduated om college about 10 years 200 She won cd or onc a the ig Four ouming firms and became love of outdoor act es with her busness kno edge Amv decides hat she wil create new sole propre orship Better Boat Compan or BBC fr short Te busness be an opera ons on November 1 2018. CP Because she ves the outdoors s e decided to begin a new business that w comb ne her Click fhe icon to view the transactiones. Read tha scui ments While, Cspilal. November 1, 2018 Whitc, Capital November 30, 2010 Requirement 4. Prepare the balance shectas of November 30, 2010. 0fa bos not used in te statement, leave te box empty, do nat seect a label or enter zero.) Review the ending balances of the accounts from Requirement. 1 More Into Nov. 1 Received 512,000 h to begin the compery and gave capitel lo 2 Signad a lasa or a hulding and paid SD or tha frat manths rant 3 Purchasad canoas tor $4,3DD on account Purchased ofice supplas on account $1,200 7 Earned $1,300 cach for rantal of canoar 13 Paid $1.200 cash for wages 5 White withdrew $100 cash from the business 1 Received a bill for $180 for utiities. (Uac sparate payable account.) Assets Liabilities 20 Received a bill for $170 for cell phone eoxpenses (Uze separate Owner's Equity 25 Paid $2.500 on scoount relsted to the November 3, 2018 purchase 28 Received 51,700 from Kindercare for cange remal on Novembar 22, 30 Whita witndraw $150 cash fram tha business Requi'ernent 5, Celalete the return on keets ror Belle, Boat Company tor November 2018 Round the ROA to the nea,eel lent, percent x% Print Done Choose trom any list or enter any number in the input fields and then continue to the next

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