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Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few
Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse MU watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of All watches are sold for $ each. July Purchased watches for $$ per watch on account. July Sold watches for $ cash. August Purchased watches for $$ per watch cash. AUgust Sold watches for $ on account September Paid for watches purchased on July September Receive cash of $ for watches sold on account on August Detober Purchased watches for $$ per watch cash. Hoverber Sold watches for $ cash. Purchased watches for $$ per watch on account. December : Sold watches for $ on account. Great Adventures, Incorporated Trial Balance December Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse MU watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of All watches are sold for $ each.
July Purchased watches for $ $ per watch on account.
Sold watches for $ cash.
Purchased watches for $ $ per watch cash.
Sold watches for $ on account.
September aid for watches purchased on July
October Pureive cash of $ for watches sold on account on August
November Sold watches for $ $ per watch cash.
for $ cash.
December Sold watches for $ $ per watch on account.
tableGreat AdtableAdventures IncorpoTrial BalanceDecember Debit,Cash$CreditAccounts Receivable,,tableAllowance for UncollectibleInventoryAccounts,,$
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