directions : (5) prepare trial balance as of april 30,20X2

Account No. 111 Item 20X1 Nov. 1 Balan P.R. Debit Balanc Credit Debit Credit ce 13 00000 2. Record the November transactions in a two-column journal beginning on page 3. Post the journal entries to the ledger. 4. Prepare a trial balance as of November 30, 20X1. 17 Thinking Problems Challenge Problem The Georgian Theater is a Victorian-style theater that operated profitably for many years. In recent years, however, it had started to lose money due to intense competition from several multiscreen theaters that had opened in the area. The original owner made several unsuccessful attempts to sell the theater while it was still in operation. Finally, it was closed on January 14, 20X0, and has been vacant since. On April 2, 20X2, Kamiar Jackson entered into a contract with the owner to purchase and restore the theater. He completed the following transactions during April: 260 Chapter 3 Starting the Accounting Cycle for a Service Business 129 Account No. 111 Item 20X1 Nov. 1 Balan P.R. Debit Balanc Credit Debit Credit ce 13 00000 2. Record the November transactions in a two-column journal beginning on page 3. Post the journal entries to the ledger. 4. Prepare a trial balance as of November 30, 20X1. 17 Thinking Problems Challenge Problem The Georgian Theater is a Victorian-style theater that operated profitably for many years. In recent years, however, it had started to lose money due to intense competition from several multiscreen theaters that had opened in the area. The original owner made several unsuccessful attempts to sell the theater while it was still in operation. Finally, it was closed on January 14, 20X0, and has been vacant since. On April 2, 20X2, Kamiar Jackson entered into a contract with the owner to purchase and restore the theater. He completed the following transactions during April: 260 Chapter 3 Starting the Accounting Cycle for a Service Business 129