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Exclude explanations from journal entries.) Nov. 1: Received $24,000 cash to begin the company and issued common stock to Anna and Zion. table[[Date,Accounts,Debit,Credit],[Nov. 1,table[[Cash],[Common Stock]],24,000,24,000]]
Exclude explanations from journal entries.)\ Nov. 1: Received
$24,000
cash to begin the company and issued common stock to Anna and Zion.\ \\\\table[[Date,Accounts,Debit,Credit],[Nov. 1,\\\\table[[Cash],[Common Stock]],24,000,24,000]]\ Nov. 2: Signed a lease for a building and paid
$1,300
for the first month's rent.\ \\\\table[[Date,Accounts,Debit,Credit],[Nov. 2,Accounts Payable,1,300,1,300],[Prepaid Rent,]]
Requirement 1. Journalize the transactions for both November and December, using the following accounts: CashCash; Accounts Receivable; Office Supplies; Prepaid Rent; Land; Building; Canoes; Accounts Payable; Utilities Payable; Telephone Payable; Unearned Revenue; Notes Payable; Common Stock; Dividends; Canoe Rental Revenue; Rent Expense; Utilities Expense; Wages Expense; and-Telephone Expense. Explanations are not required. (Hint. For November transactions refer to the transaction analysis chart for November.) (Record debits first, then credits. Exclude explanations from journal entries.) Nov. 1: Received $24,000 cash to begin the company and issued common stock to Anna and Zion. Nov. 2: Signed a lease for a building and paid $1,300 for the first month's rent
Exclude explanations from journal entries.)\ Nov. 1: Received
$24,000
cash to begin the company and issued common stock to Anna and Zion.\ \\\\table[[Date,Accounts,Debit,Credit],[Nov. 1,\\\\table[[Cash],[Common Stock]],24,000,24,000]]\ Nov. 2: Signed a lease for a building and paid
$1,300
for the first month's rent.\ \\\\table[[Date,Accounts,Debit,Credit],[Nov. 2,Accounts Payable,1,300,1,300],[Prepaid Rent,]]
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