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Problem 2-2A Posting journal entries to T-accounts LOS Tobias Eaden started a sole proprietorship named Sky High Ads. A customer's message can be displayed on
Problem 2-2A Posting journal entries to T-accounts LOS Tobias Eaden started a sole proprietorship named Sky High Ads. A customer's message can be displayed on an airplane banner across the city. Sky High Ads had the following business activites during the month of November 2020 Nov 1 Invested szae, ae cash and Bircraft equipment with asse seg fair value in a new sole proprietorship named Sky High Ads. Purchased land and a small office building. The land was worth $400, gee, and the building was worth siee, 828. The purchase price was paid with $125, seu cash and a long term note payable for the balance 7 Eaden transferred tale of his personal airplane to the business. The airplane had a value of see, eae and was to be uses exclusively in the business 9 Purchased $5,888 of supplies on credit 13 Provided services to custoer for mannzage proposal of $15, on credit 17 Paid $3,ese wages oa pilot. 22 Signed an adventising contacto commencen January Adepes of $250 must be paid by December 15. 23 Paid for of the payable the November transaction. 27 Purchased $28,888 of new repaft equipment by paying $15.00 ass 305 trading an old Sirerate sau pentrcorded cost of a 3 withdrew Sze Cash For the business for personas use Required: 182. Record the effects of the transactions by entering debits and credits a rectly in the T-accounts Identify the date next to each posting
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