Alyssa decides to creates a new soleproprietorship, HappyCamper Company, or HCC for short. HappyCamper Company is aservice-based company that rents canoes for use on local lakes and rivers. The business began operations on November 1, 2020, and completed the following transactions in that first month.

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Inaddition, HappyCamper Company completed the following transactions for December.

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Requirement 1. Journalize the transactions for both November and December, using the followingaccounts: Cash; AccountsReceivable; OfficeSupplies; PrepaidRent; Land;Building; Canoes; AccountsPayable; UtilitiesPayable; TelephonePayable; UnearnedRevenue; NotePayable; A. Winni, Capital; A. Winni, Withdrawals; Canoe RentalRevenue; RentExpense; UtilitiesExpense; SalariesExpense; and Telephone Expense. Explanations are not required. (Hint: For November transactions, refer to the transaction analysis chart for November.) (Record debitsfirst, then credits. Exclude explanations from journalentries.)

Nov. 1: Received $15,000 cash to begin thecompany, and gaveowner's equity to Alyssa Winni.

Date

Accounts

Debit

Credit

Nov. 1

Cash

15,000

A. Winni, Capital

15,000

Nov. 2: Signed a lease for abuilding, and paid $700 for the firstmonth's rent.

Date

Accounts

Debit

Credit

Nov. 2

Rent Expense

700

Cash

700

Nov. 3: Purchased canoes for $4,100 on account.

Date

Accounts

Debit

Credit

Nov. 3

Canoes

4,100

Accounts Payable

4,100

Nov. 4: Purchased office supplies onaccount, $900.

Date

Accounts

Debit

Credit

Nov. 4

Office Supplies

900

Accounts Payable

900

Nov. 7: Earned $1,800 cash for rental of canoes.

Date

Accounts

Debit

Credit

Nov. 7

Cash

1,800

Canoe Rental Revenue

1,800

Nov. 13: Paid $1,400 cash for Salaries.

Date

Accounts

Debit

Credit

Nov. 13

Salaries Expense

1,400

Cash

1,400

Nov. 15: Winni withdrew $350 cash from the business.

Date

Accounts

Debit

Credit

Nov. 15

A. Winni, Withdrawals

350

Cash

350

Nov. 16: Received a bill for $140 for utilities.(Use separate payableaccount.)

Date

Accounts

Debit

Credit

Nov. 16

Utilities Expense

140

Utilities Payable

140

Nov. 20: Received a bill for $120 for cellphone expenses. (Use separate payableaccount.)

Date

Accounts

Debit

Credit

Nov. 20

Telephone Expense

120

Telephone Payable

120

Nov. 22: Rented canoes to ToddlerTown onaccount, $2,900.

Date

Accounts

Debit

Credit

Nov. 22

Accounts Receivable

2,900

Canoe Rental Revenue

2,900

Nov. 26: Paid $1,600 on account related to the November 3 purchase.

Date

Accounts

Debit

Credit

Nov. 26

Accounts Payable

1,600

Cash

1,600

Nov. 28: Received $1,500 from ToddlerTown for canoe rental on November 22.

Date

Accounts

Debit

Credit

Nov. 28

Cash

1,500

Accounts Receivable

1,500

Nov. 30: Winni withdrew cash of $550 from the business.

Date

Accounts

Debit

Credit

Nov. 30

A. Winni, Withdrawals

550

Cash

550

Dec. 1: Alyssa contributed land on the river(worth $65,000) and a small building to use as a rental office(worth $276,000) in exchange for capital.

Date

Accounts

Debit

Credit

Dec. 1

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December Transactions

Dec. 1

Alyssa contributed land on the river(worth $65,000) and a small building to use as a rental office(worth $276,000) in exchange forowner's equity.

1

Prepaid $2,100 for threemonths' rent on the warehouse where the company stores the canoes.

2

Purchasedcanoes, signing a note payable for $9,600.

4

Purchased office supplies on account for $700.

9

Received $4,700 cash for canoe rentals to customers.

15

Rented canoes to customers for $3,100 but will be paid next month.

16

Received a $300 deposit from a group that will use the canoes next month.

18

Paid the utilities and telephone bills from last month.

19

Paid other accounts payable in the amount of $1,600.

20

Received bills for the telephone ($300) and utilities ($220), which will be paid later.

31

Paid salaries of $2,400.

31

Winni withdrew cash of $650 from the business.