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please complete it in full detail thank you! Unearned Revenue $17,500 (Nees (asset is depreciated $100 /month); Accounts Payable $500; Shares $1,000; and $17,500 (fees
please complete it in full detail thank you!
Unearned Revenue $17,500 (Nees (asset is depreciated $100 /month); Accounts Payable $500; Shares $1,000; and $17,500 (fees received in advance for July skating sessions); Common of July: of July: July 4 Registration fees received for July skating school (four week skating lessons), $5,500. July 4 Paid for ice time for the month of July, $14,400. July 9 Paid accounts payable outstanding at June 30th. July 11 Booked ice time with the city for the September session. It will cost$14,400. No money was paid. July 11 Received and paid a bill for $500 for advertising of the July skating school. July 21 Received a bill for internet services for $100. The bill is not due until August 15th. July 29 Last day of July skating session. July 29 Received advanced registrations for the next four-week skating session in August, $2,200. July 30 Purchased refreshments, gifts and supplies for end-of-school test day and ribbons for skaters, $500. July 31 Paid coaches and assistant coaches, \$1,200. July 31 Declared a dividend (to be paid in August), $1,000. a) Prepare all journal entries for the month of July, including any necessary adjusting entries. If you need to make any assumptions, please state them clearly. (15 marks) Step by Step Solution
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