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Peter s Curling Inc. operates several curling centres for games and equipment sales. The following transactions occurred in October of the current year: The curling
Peters Curling Inc. operates several curling centres for games and equipment sales. The following transactions occurred in October of the current year:
The curling league gave Peter's a deposit of $ for the upcoming fall season.
Peter's received $ from customers on account who purchased merchandise in September.
Peter's paid $ for the September electricity bill and received the October bill for $ which will be paid in November.
Peter's sold curling equipment inventory for $; received $ in cash and the rest on account; the cost of sales is $
Peter's collected $ from customers for games played in October.
Peter's paid $ to plumbers for repairing a broken pipe in the washrooms.
Peter's paid $ to employees for work in October.
Peter's purchased and paid $ in insurance for coverage from October to December
Required:
For each of the transactions above, complete the tabulation, indicating the amount of each transaction. Remember that A L SE R E NE and NE affects SE through retained earnings. The first transaction is provided as an example. Enter any decreases to account balances with a minus sign.
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