Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please make sure the answer is correct 100% Sava Tour Ltd was founded in 2015, scoring as one of the first global travel agency firms

image text in transcribed

image text in transcribedplease make sure the answer is correct 100%

Sava Tour Ltd was founded in 2015, scoring as one of the first global travel agency firms focused exclusively on tours around the world. During month of December 2019, the following transactions happened for the company: 1-Dec Shareholders invested $200,000 cash in the business in exchange for shares, Purchased a land costing $100,000 and supplies for $10,000 on account, 9 Paid in advance for one-year insurance $10,000 cash, 11 Received $10,000 cash from customer for services not performed yet. 15 Performed services and billed customer for services performed $37,000. 20 Received half of the amount in cash from the billed customers on December 15th 25 Paid $30,000 cash for the purchase on account on December 8th 28 Borrowed $40,000 cash from the bank by signing a note. The note is long term. 29 Purchased equipment costing $20,000 cash. 29 Declared and paid cash dividends to shareholders for $7,000. 30 Paid utilities of the month, $1,000. Requirements: 1) General Excel/Word structure, 2) Record the transactions into the General Journali 3) Record the transactions into the related T-Accounts: 4) Prepare a Trial Balance for the month of December 2019 + C6 X fx D F JK B BST Deliverable 1 Students name G H T-accounts MNO Trial Balance Assets Liabilities GENERAL JOURNAL Account Titles and Explanation. Debit Credit No Date Adde 10 HHHHHH HHHH +

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Cite ways to reduce excess spending.

Answered: 1 week ago