On August 1, 2017, Delanie Tugut began a tour company in the Northwest Territories called Tugut Arctic Tours. The following occurred during the first month of operations: Aug 1 Purchased office furniture on account; $6,200. 1 Delanie Tugut invested $8,000 cash into her new business. 2 Collected $5,400 in advance for a three-week guided caribou hunt beginning the last week of August. 3 Paid $7,500 for six months rent for office space effective August 1. 4 Received $4,000 for a four-day northern lights viewing tour just completed. 7 Paid $2,000 for hotel expenses regarding the August 4 tour. 15 Delanie withdrew cash of $600 for personal use. 22 Met with a Japanese tour guide to discuss a $200,000 tour contract. 31 Paid wages of $1,400.