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Alison and Zion decide that they will create a new corporation, Nature Gnome Company, or NGC for short. Nature Gnome Company is a service based

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Alison and Zion decide that they will create a new corporation, Nature Gnome Company, or NGC for short. Nature Gnome Company is a service based company that rents canoes for use on local lakes and rivers. The business began operations on November 1, 2018 and completed the following transactions in that first month. (Click the icon to view the November transactions.) 3 (Click the icon to view the transaction analysis chart from November.) In addition, Nature Gnome Company completed the following transactions for December. Click the icon to view the December transactions.) Read the requirements. www IWUM Next, post the events from November 4, 7, and 13 to the T-accounts below. (Post only the transactions from November 4, 7, and 13 in this step.) (Click to view the November 4,7, and 13 journal entries that you prepared in Requirement 1.) Cash Canoe Rental Revenue Nov. 1 19,000 1,100 Nov. 2 Accounts Payable 3,360 Nov. 3 400 Nov. 4 Nov. 3 Accounts Receivable Utilities Payable Rent Expense 1,100 Nov. 2 Office Supplies 400 Telephone Payable Wages Expense Nov. 4 Choose from any list or enter any number in the input fields and then click herk Answer Office Supplies 400 Telephone Payable Wages Expense Nov. 4 Prepaid Rent Unearned Revenue Utilities Expense Canoes Notes Payable Telephone Expense Nov. 3 3,360 Land Common Stock 19,000 Nov 1 Building Dividends Choose from anu letra * More Info Nov. 1 Nov. 2 Nov. 3 Nov. 4 Nov. 7 Nov. 13 Nov. 15 Received $19,000 cash to begin the company and issued common stock to Alison and Zion. Signed a lease for a building and paid $1,100 for the first month's rent. Purchased canoes for $3,360 on account. Purchased office supplies on account, $1,300. Earned $2,100 cash for rental of canoes. Paid $1,700 cash for wages. Paid $250 dividends to stockholders. Received a bill for $190 for utilities. (Use separate payable account.) Received a bill for $140 for cell phone expenses. (Use separate payable account.) Rented canoes to Tiny Toon Watch on account, $3,300. Paid $1,500 on account related to the November 3 purchase. Received $800 from Tiny Toon Watch for canoe rental on November 22. Paid $400 dividends to stockholders. Nov. 16 Nov. 20 Nov. 22 Nov. 26 Nov. 28 Nov. 30 Print Done - More Info Dec. 1 Dec. 1 Dec. 2 Dec. 4 Dec. 9 Dec. 15 Alison and Zion contributed land on the river (worth $95,000) and a small building to use as a rental office (worth $115,000) in exchange for common stock, Prepaid $3,300 for three months' rent on the warehouse where the company stores the canoes. Purchased canoes signing a notes payable for $5 280. Purchased office supplies on account for $400 Received $4,200 cash for canoe rentals to customers Rented canoes to customers for $3,900, but will be paid next month Received a $950 deposit from a canoe rental group that will use the canoes next month Paid the utilities and telephone bills from last month. Paid various accounts payable, $1,400. Received bills for the telephone ($350) and utilities ($280) which will be paid later, Paid wages of $2,400. Paid cash dividend to stockholders, $700. Dec. 16 Dec. 18 Dec. 19 Dec. 20 Dec. 31 Dec. 31 Print Done

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