CP2-42 (similar to) A Que i Reference X business began operations on Alice decides to create a new sole proprietorship, 2018 and completed the following transactions in (Click the icon to view the November transac In addition, Better Boat Company completed the (Click the icon to view the December transac Assets Cash + A/R + Off. + Canoes = A/P Read the requirements. Sup. Liabilities Equity + Util. + Tele. + Winter, - Winter, + Rent - Rent - Util. - Wage - Tele. Pay Pay. Capital Withdr. Rev. Exp. Exp. Exp. Exp. + 22,000 - 700 1 22,000+ + + Requirement 1. Journalize the transactions for b Payable; Unearned Revenue; Notes Payable; Wil transactions refer to the transaction analysis char ccounts Payable; Utilities Payat ns are not required. (Hint: For 2 (700) + Bal. 21,300 + 0 0 + 0 + 0 = 0 + 0 + 0 + 22,000 - 0 + 0 - 700- 0 - 0- 0 Nov. 1: Received $22,000 cash to begin the com 4.300 4,300 + 3 + + + + + + Date Acco Bal. 21,300 + 0 + 0 + 4,300 = 0 + 0 + 22,000 - 0 + 0 - 700 0 - 0- 0 Nov. 1 4,300 + 400 + 4 + + 400 + + + + Bal. 21,300 + 0 + 400 + 4,300 = 4,700 + 0 + 0 + 22,000 - 0 + 0 - 0 - 0 0 - 700- 1,100 7_1,100+ + + + + + Bal. 22,400 + 0 + 400 + 4,300 = 4,700 + 0 + 0 + 22,000 - 0 + 1,100 - 700 - 0 - 0 - 0 13 (1,400) + + + + + 1,400 Bal. 21,000+ 0 + 400 + 4,300 = 4,700 + 0 + 0 + 22,000 - 0 - 1,400 - 0 0 + 1,100 - 700 - 350 (350) + 15 + + + + + + Bal. 20,650 + 0 + 400+ 4,300 = 4,700 + 0 + 0 + 22,000 - 350 + 1,100 - 700 0 0 - 1,400 - 110 110 16 + + + + + + + Bal. 20,650 + 0 + 400 + 4,300 = 4,700 + 110 + 0 + 22,000 - 350 + 1,100 - 700 - 110 - 1,400 - 0 an an Choose from any list or enter any number in the Print Done 38 parts Check Ans remaining Alice decides to create a new sole proprietorship, Better Boat Company, or BBC for short. Better Boat Company is a service-based company that rents canoes for use on local lakes and rivers. The business began operations on Novemb 2018 and completed the following transactions in that first month. A (Click the icon to view the November transactions.) (Click the icon to view the transaction analysis chart from November.) In addition, Better Boat Company completed the following transactions for December. A (Click the icon to view the December transactions.) Read the requirements. Requirement 1. Journalize the transactions for both November and December, using the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Rent; Land; Building; Canoes; Accounts Payable; Utilities Payable; Telep Payable; Unearned Revenue; Notes Payable; Winter, Capital; Winter, Withdrawals; Canoe Rental Revenue; Rent Expense; Utilities Expense; Wages Expense; and Telephone Expense. Explanations are not required. (Hint: For Novembe transactions refer to the transaction analysis chart for November.) (Record debits first, then credits. Exclude explanations from journal entries.) Nov. 1: Received $22,000 cash to begin the co More Info More Info Date AC Nov. 1 Received $22,000 cash to begin the company and gave capital to Alice Winter. Nov. 1 Nov. 2 Signed a lease for a building and paid $700 for the first month's rent. Nov. 3 Purchased canoes for $4,300 on account. Nov. 4 Purchased office supplies on account, $400. Nov. 7 Earned $1,100 cash for rental of canoes. Nov. 13 Paid $1,400 cash for wages. Nov. 15 Winter withdrew $350 cash from the business. Nov. 16 Received a bill for $110 for utilities. (Use separate payable account.) Received a bill for $90 for cell phone expenses. (Use separate payable Nov. 20 account.) Nov. 22 Rented canoes to Little Lake on account, $2,900. Nov. 26 Paid $1,400 on account related to the November 3 purchase. Nov. 28 Received $1,100 from Little Lake for canoe rental on November 22. Nov. 30 Winter withdrew $500 cash from the business. Alice contributed land on the river (worth $75,000) and a small buildin Dec. 1 to use as a rental office (worth $99,000) in exchange for capital. Prepaid $2,100 for three months' rent on the warehouse where the Dec. 1 company stores the canoes. Dec. 2 Purchased canoes signing a notes payable for $4,800. Dec. 4 Purchased office supplies on account for $800. Dec. 9 Received $4,400 cash for canoe rentals to customers. Dec. 15 Rented canoes to customers for $3,100, but will be paid next month. Received a $550 deposit from a canoe rental group that will use the Dec. 16 canoes next month Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, $2,400. Received bills for the telephone ($260) and utilities ($250) which will b Dec. 20 paid later. Dec. 31 Paid wages of $2,300. Dec. 31 Winter withdrew $700 cash from the business. Choose from any list or enter any number in 38 parts remaining