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Exercise 4-18 DO E a Complete Accounting cycle (monthly) LO2,3,5,6 Emily Lee grew up in Vancouver and loves to be a tourist in her own
Exercise 4-18 DO E a Complete Accounting cycle (monthly) LO2,3,5,6 Emily Lee grew up in Vancouver and loves to be a tourist in her own city. In order to make money to pay for university, she opened a walking tour company, Very Vancouver. The following are transactions for the month of May 2017, the first month of operations. May 2 May 3 May 4 May 5 May 6 May 8 May 10 Emily moved $5,500 from her personal bank account to a business bank account at TD Bank. She also Invested a laptop worth $900 into the business. Purchased supplies, including a microphone. and brochures for $600 cash. Purchased a printer for $360 on account. Purchased a one-year Insurance policy for $2.400 cash. Emily withdrew $200 for a Mother's Day gift. Interviewed and hired one employee to assist with leading tours. Emily launched a social media campaign of Very Vancouver on Facebook. As a result, she received $1.920 of cash for future tour bookings. Led three tours of Stanley Park and recened $600 cash. Led four tours of Granville Island for $1.000. The customers on this tour had prepaid on May 10. May 15 May 25
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