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eBook Print Item Journalizing Transactions Kauai Adventures rents and sells surfboards, snorkeling, and scuba equipment. During March, Kauai engaged in the following transactions: March 2
eBook
Print Item
Journalizing Transactions
Kauai Adventures rents and sells surfboards, snorkeling, and scuba equipment. During March, Kauai engaged in the following transactions:
March 2 | Received $33,800 cash from customers for rental. | |
3 | Purchased on credit five new surfboards (which Kauai classifies as inventory) for $170 each. | |
6 | Paid wages to employees in the amount of $9,300. | |
9 | Paid office rent for the month in the amount of $1,800. | |
12 | Purchased a new Ford truck for $17,600; paid $1,000 down in cash and secured a loan from Princeville Bank for the $16,600 balance. | |
13 | Collected a $950 account receivable. | |
16 | Paid an account payable in the amount of $870. | |
23 | Borrowed $15,000 on a six-month, 8 percent note payable. | |
27 | Paid the monthly telephone bill of $145. | |
30 | Paid a monthly advertising bill of $1,260. |
Required:
Prepare a journal entry for each of the above transactions. If an amount box does not require an entry, leave it blank.
Mar. 2 | fill in the blank 2 | fill in the blank 3 | |
fill in the blank 5 | fill in the blank 6 | ||
3 | fill in the blank 8 | fill in the blank 9 | |
fill in the blank 11 | fill in the blank 12 | ||
6 | fill in the blank 14 | fill in the blank 15 | |
fill in the blank 17 | fill in the blank 18 | ||
9 | fill in the blank 20 | fill in the blank 21 | |
fill in the blank 23 | fill in the blank 24 | ||
12 | fill in the blank 26 | fill in the blank 27 | |
fill in the blank 29 | fill in the blank 30 | ||
fill in the blank 32 | fill in the blank 33 | ||
13 | fill in the blank 35 | fill in the blank 36 | |
fill in the blank 38 | fill in the blank 39 | ||
16 | fill in the blank 41 | fill in the blank 42 | |
fill in the blank 44 | fill in the blank 45 | ||
23 | fill in the blank 47 | fill in the blank 48 | |
fill in the blank 50 | fill in the blank 51 | ||
27 | fill in the blank 53 | fill in the blank 54 | |
fill in the blank 56 | fill in the blank 57 | ||
30 | fill in the blank 59 | fill in the blank 60 | |
fill in the blank 62 |
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