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its a loooong one.... thank you and develop a ropes coutse for couteoor enthinstists. occur during July tor Great Advenfures July 2 oufdong ritinirs Aunust
its a loooong one.... thank you
and develop a ropes coutse for couteoor enthinstists. occur during July tor Great Advenfures July 2 oufdong ritinirs Aunust 4 Alegust 10 Augulit 17 Mogust 24 mop, read on at wins. The entry fee for ieach teis is ssue, recorded ax a eiscelianecas enpenser. field warkers to prepare the racelourse. the clinit. October 17 Oecenber: 1 A Decenber 31 The company pays a dividend of $3,600 ( $1,800 to Tony and $1,800 to $ suzie). December 31 Using his personal noney, Tony purchases a diamond ring for $4,200. Tony sarprisus Suzie by proposing that they get marmied. Suzie accepts and they get imricit. The following information relates to year-end adjusting entries as of December 31, 2024. a. Depreclation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8,000. b. Six months' of the one-year insurance policy purchased on July thas expired. c. Four months of the one-year rental agreement purchased on September 1 has expired d. Of the $1,100 of office supplies purchased on July 4, $290 remains. e. Interest expense on the $45,000 loan obtained from the city councli on August i should be recorded. f. Of the $2,800 of racing supplies purchased on December 12,$230 remains. g. Suzie calculates that the company owes $13,500 in income taxes. Required: 1. Record transactions from July 1 through December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required information xxxx=x (1) Required information 1) Required information t Required information Required information 3. Post transactionis from July 1 through Decembet 31 and adjusting and closing entries on December 31 to I-accounts. 7. Post the closing entries of retained eamings to the T-account. and develop a ropes coutse for couteoor enthinstists. occur during July tor Great Advenfures July 2 oufdong ritinirs Aunust 4 Alegust 10 Augulit 17 Mogust 24 mop, read on at wins. The entry fee for ieach teis is ssue, recorded ax a eiscelianecas enpenser. field warkers to prepare the racelourse. the clinit. October 17 Oecenber: 1 A Decenber 31 The company pays a dividend of $3,600 ( $1,800 to Tony and $1,800 to $ suzie). December 31 Using his personal noney, Tony purchases a diamond ring for $4,200. Tony sarprisus Suzie by proposing that they get marmied. Suzie accepts and they get imricit. The following information relates to year-end adjusting entries as of December 31, 2024. a. Depreclation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8,000. b. Six months' of the one-year insurance policy purchased on July thas expired. c. Four months of the one-year rental agreement purchased on September 1 has expired d. Of the $1,100 of office supplies purchased on July 4, $290 remains. e. Interest expense on the $45,000 loan obtained from the city councli on August i should be recorded. f. Of the $2,800 of racing supplies purchased on December 12,$230 remains. g. Suzie calculates that the company owes $13,500 in income taxes. Required: 1. Record transactions from July 1 through December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required information xxxx=x (1) Required information 1) Required information t Required information Required information 3. Post transactionis from July 1 through Decembet 31 and adjusting and closing entries on December 31 to I-accounts. 7. Post the closing entries of retained eamings to the T-account Step by Step Solution
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