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Problem 3-14A Journalizing, posting, adjusted trial balance, adjusting entries (monthly), financial statements LO4, 5, 6, 7 copy On August 1, 2023, Mark Diamond began a
Problem 3-14A Journalizing, posting, adjusted trial balance, adjusting entries (monthly), financial statements LO4, 5, 6, 7 copy On August 1, 2023, Mark Diamond began a tour company in the Northwest Territorles called Millennium Arctlc Tours. The following occurred during the first month of operations: Aug. 1 Purchased office furniture on account; $4,600. 1 Mark Diamond invested $6,400 cash into his new business. 2 Collected $3,000 in advance for a three-week guided caribou watching tour beginning later in August. 3 Paid \$5,100 for six month' rent for office space effective August 1. 4 Received $2,400 for a three-day northern lights viewing tour just completed. 7 Paid \$1,200 for hotel expenses regarding the August 4 tour. 15 Mark withdrew cash of $600 for personal use. 22 Met with a Japanese tour guide to discuss a $120,000 tour contract. 31 Paid wages of $1,240. Assume Mark Diamond uses the straight-line method to depreciate the assets. Required
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