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in the 2nd picture is the example of the report form balance sheet. please solve the question 15 with the report form balance sheet format.

in the 2nd picture is the example of the report form balance sheet. please solve the question 15 with the report form balance sheet format. thank you
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Please do the following questions below. You can use the templates found in Google Classroom. For all of these questions, make sure you use the new Report Form Balance Sheet a 15. On October 1, the Courtland Cougars Hockey Team, owned by J. Lambert, had the following accounts, some with balances and some without: Cash $12000; Accounts Receivable/Heath Department Stores; Equipment $4000; Bus $15 000; Accounts Payable/Wills Motors $5300; J. Lambert, Capital $25 700; Ticket Sales: Players' Salaries Expense: Bus Maintenance Expense; Arena Rental Expense; Advertising Expense. (a) Set up the general ledger for the hockey team on October 1, and recor the transactions given below for the month of October. (b) On October 31, balance the accounts and prepare a trial balance, an income statement for the month, and a balance sheet. Oct. 2 Received $120 000 cash from sales of season tickets, 4 Purchased equipment for $3000 cash. 8 Received a $550 bill from Wills Motors for repairs to the team bus. 9 Issued a bill for $2100 to Heath Department Stores, which bought 500 tickets for the team's opening home game. (The tickets will be used for promotional purposes.) 10 Paid a $350 rental fee for use of the Courtland arena for the last two weeks' practices. 14 Issued chequ for $10 400 to pay the players' salaries for the 1 past two weeks 16 Paid $350 cash to CFPL TV for advertising the first home game on October 26. 17 Paid $470 to the Daily Reporter for advertising. 20 The week's sale of tickets for the opening game brought in $3500 in cash. 24 Paid $50 cash for gas for the bus on the first away-from- home game. 26 Received a further $8700 cash for ticket sales on the opening game. 28 Paid $2100 cash to the Courtland arena for the last two weeks' rent 29 Issued cheques for $9800 to pay the players' salaries for the rest of the month, Assets Cash $ 7325 2000 Accounts Receivable 725 225 000 Office Supplies Land Building Equipment Total Assets 110 000 99 235 $ 244 285 Liabilities & Owner's Equity Liabilities $ 12 630 65 000 Accounts Payable Bank Loan Mortgage Payable Total Liabilities 80 000 157 630 $85 260 $ 2 395 Owner's Equity T. Swift, Capital - January 1 Add: Net Income for January Less: T. Swift. Drawings Increase in Capital T. Swift, Capital - January 31 Total Liabilities & Owner's Equity 1000 1395 86.655 $244 285

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