need journal entries for December 1 - 31st
clinbing skilla. The first team in each casegory to complife all chering. prienteering. trall running. and rocktean is $500. Deceaber 5 . To help organize and promote the race, Tony hires his col Iege roomate, Yictor. Victor will be poid sse In salary for each tean that competes in the race, His salary wi1 be paid after the race. Deceaber 8 The conpany pays $1,200 to purchase a pernit. from a state park where the race ulil bet held. Than anount is recordeit as a miscellaneous expense. prepare the racecourse. Decenber 15 The conpany recelves 520 , wed cash fron a total of forty ining, and be race is beld. Deceaber 16 The conpany pays VActor's salary of $2, 000 . married. Suzle nccepts and they get narriedl The following information relates to year-end adjusting entries as of pectember 3 fi 2024. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8, 900 b. Six months' of the one-year insurance policy purchased on Jaly 1 has kxpied. c. Four months of the one-year rental agreement purchased on September 1 has expued d. Of the $1.800 of office suppiles purchased on July 4,$300 remains. e. Interest expense on the $30,000 loan obtained from the city council on August 1 should be recorded: f. Of the $2,800 of racing supplies purchased on December 12.$200 remains. 9 Suzle calculates that the company owes $14,000 in income taxes. Decenber 1 Tony and Suzie decide to hold the company"s first adventure nceash The courgany recelives silf, goo cash. checkpoint to checkpoint using a combination of asontanture race on pecenber 1S. Four-persan iteatia will race fram tean is 5500 . December 5 To help organize and promote ehe race, Tony hires his college roomate, yictor. Victor whil be paid sse In salary foe eoch tean that competes in the race, His salory will be paid after the race. a miscellaneous expense. prepare the racecourse. Deceaber 15 The company recelves $20,000 cash fron a total of fartifitring, nind the race is beld. Deceaber 16 The conpany pays VActor's salary of $2, bop. married. Suzle accepts and they get narriedl. The following information relates to year-end adjusting entries as of pectinber 3t. 2024. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totis $80000. b. Six months' of the orte-year insurance pollcy purchased on Jaly 1 has expiad. c. Four months of the one-year rental agreement purchased on September 1 has exputed d. Of the $1,800 of office supplies purchased on July 4,$300 remains. e. Interest expense on the 530,000 loan obtained from the city council on August 1 should be recorded. f. Ot the $2,800 of racing supplies purchased on December 12,$200 remains 9. Suzie calculates that the company owes $14,000 in income taxes