December Transactions Dec. 1 Alyssa contributed land on the river (worth $85,000) and a small building to use as a rental office (worth $202,000) in exchange for owner's equity. 1 Prepaid $2,700 for three months' rent on the warehouse where the company stores the canoes. 2 Purchased canoes, signing a note payable for $5,280 4 Purchased office supplies on account for $700 9 Received $4,900 cash for canoe rentals to customers 15 Rented canoes to customers for $3,400 but will be paid next month. 16 Received a $400 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 ($310) and utilities ($220), which will be paid later. 31 Paid salaries of $2,100 31 Winter withdrew cash of $500 from the business. November Transactions Nov. 1 Received $17,000 cash to begin the company, and gave owner's equity to Alyssa Winter 2 Signed a lease for a building, and paid $900 for the first month's rent. 3 Purchased canoes for $4,600 on account. 4 Purchased office supplies on account, $1,300. 7 Earned $2,100 cash for rental of canoes. 13 Paid $1,700 cash for salaries. 15 Winter withdrew $200 cash from the business. 16 Received a bill for $120 for utilities. (Use separate payable account.) 20 Received a bill for $140 for cellphone expenses. (Use separate payable account.) 22 Rented canoes to Tender Time on account, $2,600 26 Paid $1,400 of the amount owed for the November 3 purchase that was made "on account." 28 Received $1,100 from Tender Time for canoe rental on November 22 30 Winter withdrew cash of $300 from the business. Drint Done - X Insaction analysis chart Assets Liabilities Cash + Equity AR Off + Canoes = A/P + Ut Tele A Winter A Winter + Rent Rent- Un -Salaries Tele Sup Pay Pay Capital Withdr Rev Exp Exp Exp 1 17,000+ Exp . . . 17.000- 2 (900). 900 Bal 16,100 0. 0+ 3 0 = 4,600 0+ 0+ 0+ 17,000- 0 M 0- 900- 0- 0 + 4,600 Bal 16,100+ 0+ 4 . + 0+ 1,300 4,600- 4,000+ 0+ 0+ 17.000- O+ 0- 900 0- 0 1,300 * Bal 16,100+ 0+ 1,300+ 4,600 5,000+ 0+ 0. 17,000- 0 2.100 7 + 0- 2,100 900- 0- O- Bal 18,200+ 0+ 1,300+ 4,600- 5,900+ 0+ 0. 17,000- 0+ 2,100- 900- 0- 13. (1,700) 1,700 + Bal 15 16,500- (200) 0+ 1.300- 4,600 5,900+ 0. 0+ 17,000- 0+ 2,100- 900- 0- 1,700- 0 200 + Bal 16,300 0+ 1,300+ 4.600 5,900+ 0+ 10+ 17,000- 200+ 2.100- 900- 0- 1.700- 120 120 16. Bal 20 + + 16,300+ 0 1,300+ 4,600- 5.000+ 120- 0+ 17.000- 200- 2.100- 900- 120- 1,700- 140 140 7 2,100. Bal 18,200+ 13 (1.700) . 2,100 0+ 1,300+ 4,600 5,900. 0+ 0 17,000 0. 2,100- 900 0 1,700 Bal 16,500+ 1,300+ 4,600- 5,000+ 0+ 0. 17,000- 0. 2,100- 900- 1,700- 15 (200) + 200 . Bal 16,300+ 0+ 1,300+ 4,600 5,000+ 0. 0+ 17,000- 200+ 2,100 900 1,700- 16 . . 120 . 120 Bal 16,300+ 0+ 1,300+ 4,000 5,000+ 120. 17,000- 200+ 2,100- 900- 120- 1,700- 140 0 140 20 + Bal 10,300 0+ 1,300+ 4,000- 5,000+ 120+ 140. 17,000- 2,600 200+ 2.100 2.000 000 120- 1.700- 140 22 + Bal 16,300+ 2,600. 1,300+ 4,600 = 5,900+ 120. 140+ 17.000- 200+ 4,700- 900- 120 1,700- 140 26 (1,400) (1,400) + + . Ball 14,000+ 2,000+ 1,300+ 4,600 4.500+ 120+ 140 17.000- 200+ 000- 4,700- 120- 1,700- 140 28. 1,100 (1,100) + Bal 16,000+ 1,500. 1,300+ 4,600- 4,500. 120+ 140+ 17,000- 200+ 4,700 900- 120- 1.700- 140 300 30 (300) 15,700 1,500 1,300 4,600 4.500 120 140 17,000 500 4,700 900 120 1,700 140 Bal 23.100 23,100