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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: a . The
Peter's Curling Inc. operates several curling centres for games and equipment sales. The following transactions occurred in October of the current year:
a The curling league gave Peter's a deposit of $ for the upcoming fall season.
b Peter's received $ from customers on account who purchased merchandise in September.
c Peter's paid $ for the September electricity bill and received the October bill for $ which will be paid in November.
d Peter's sold curling equipment inventory for $; received $ in cash and the rest on account; the cost of sales is $
e Peter's collected $ from customers for games played in October.
Peter's paid $ to plumbers for repairing a broken pipe in the washrooms.
g Peter's paid $ to employees for work in October.
h 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 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.
tableTransactionStatement of Financial Position,Statement of EarningsAssetsLiabilities,tableShareholdersEquityRevenues,Expenses,Net Earningsa$bcdefgh
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