Homework: ACC250 Topic 2 Assignment - OL/TO Save Score: 0 of 20 pts 2 of 2 (0 complete) HW Score: 0%, 0 of 40 pts CP2-42 (similar to) A Question Help o Reference The business began operations on November 1, Anya decides to create a new sole proprietorsh 2018 and completed the following transactions (Click the icon to view the November trans In addition, Water Way Company completed th (Click the icon to view the December trans Assets Cash + A/R + Off. + Canoes = A/P Sup Liabilities Equity + Util. + Tele. + White, - White, + Rent - Rent - Util. - Wage - Tele. Pay. Capital Withdr. Rev. Exp. + 24,000 900 Pay. Exp. Exp. Exp. Read the requirements. 1 24,000 + 2_(900) Requirement 1. Journalize the transactions fo Payable; Unearned Revenue; Notes Payable; transactions refer to the transaction analysis ch Accounts Payable; Utilities Payable; Telephone pns are not required. (Hint: For November Bal. 23, 100+ 0 + 0 + 0 = 0 + 0 + 0 + 24,000 0 + 0 - 900 - 0 0- 0 4,200 4,200 3 Nov. 1: Received $24,000 cash to begin the c Date AC Bal. 23,100+ 0 + 4,200 = 0 + 0 + 24,000 - 0 + 0 900 - 0 - 0 0 0 + 600 4,200 + 600 4 Nov. 1 0 + 600 + 4,200 4,800 + 0 0 + 24,000 0 + 900 0 - 0 0 Bal. 23,100 7 2,000 0 - 2,000 ,000 cash to begin the company and gave capital to Bal. 25,100 0 + 600+ 4,200 = 4,800 + 0 + 0 + 24,000 - 0 + 2,000 - 900 - 0 - 0 0 1,000 13 (1,000) e for a building and paid $900 for the first month's re noes for $4,200 on account. fice supplies on account, $600. cash for rental of canoes. 0 + 600 + 4,200 = 4,800 + 0 + 0 + 24,000 - 900 - 0 - 1,000 - 0 Bal. 24,100 + 15 (200) 0 + 2,000 - 200 Bal. 23,900 + 0 + 600 + 4,200 = 4,800 + 0+ 0 + 24,000 200 + 2,000 - 900 - 0 0 - 1,000 - 180 180 180 ash for wages. w $200 cash from the business. I for $180 for utilities. (Use separate payable accour I for $100 for cell phone expenses. (Use separate pi 16 Bal. 23,900 + 0 + 600+ 4,200 = 4,800 + 180 + 0 + 24,000 200 + 2,000 - 900 180 - 1,000 - 0 100 100 Print Done Choose from any list or enter any number in s to Day Care King on account, $2,700. In account related to the November 3 purchase. NOV. 28 Received sodo from Day Care King for canoe rental on November Nov. 30 White withdrew $450 cash from the business. Dec. 20 paid later. 38 parts remaining Dec. 31 Paid wages of $1,300. ACC-250-0500 Melissa Menard : | 11/23/20 12:05 AM Homework: ACC250 Topic 2 Assignment - OL/TO Save Score: 0 of 20 pts 2 of 2 (0 complete) HW Score: 0%, 0 of 40 pts CP2-42 (similar to) A Question Help o Anya decides to create a new sole proprietorship, Water Way Company, or WWC for short. Water Way Company is a service-based company that rents canoes for use on local lakes and rivers. The business began operations on November 1, 2018 and completed the following transactions in that first month. A (Click the icon to view the November transactions.) (Click the icon to view the transaction analysis chart from November.) In addition, Water Way Company completed the following transactions for December. (Click the icon to view the December transactions.) Read the requirements. Requirement 1. Journalize the transactions for both November and December, using the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Rent; Land; Building; Canoes, Accounts Payable; Utilities Payable; Telephone Payable; Unearned Revenue; Notes Payable; White, Capital; White, Withdrawals; 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 More Info More Info Date Nov. 1 Anya contributed land on the river (worth $65,000) and a small building Dec. 1 to use as a rental office (worth $298,000) in exchange for capital. Prepaid $2,700 for three months' rent on the warehouse where the Dec. 1 company stores the canoes. Dec. 2 Purchased canoes signing a notes payable for $5,280. Dec. 4 Purchased office supplies on account for $300. Dec. 9 Received $5,000 cash for canoe rentals to customers. Dec. 15 Rented canoes to customers for $3,200, but will be paid next month. Received a $550 deposit from a canoe rental group that will use the Dec. 16 canoes next month. Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, $2,200. Received bills for the telephone ($250) and utilities ($270) which will be Dec. 20 paid later. Dec. 31 Paid wages of $1,300. Dec. 31 White withdrew $700 cash from the business. Received $24,000 cash to begin the company and gave capital to Anya Nov. 1 White. Nov. 2 Signed a lease for a building and paid $900 for the first month's rent. Nov. 3 Purchased canoes for $4,200 on account. Nov. 4 Purchased office supplies on account, $600. Nov. 7 Earned $2,000 cash for rental of canoes. Nov. 13 Paid $1,000 cash for wages. Nov. 15 White withdrew $200 cash from the business. Nov. 16 Received a bill for $180 for utilities. (Use separate payable account.) Received a bill for $100 for cell phone expenses. (Use separate payable Nov. 20 account.) Nov. 22 Rented canoes to Day Care King on account, $2,700. Nov. 26 Paid $2,400 on account related to the November 3 purchase. Nov. 28 Received $800 from Day Care King for canoe rental on November 22. Nov. 30 White withdrew $450 cash from the business. Choose from any list or enter any number i 38 parts remaining