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Question 4 (18 marks) Given the following transactions in the month of July for Omineca Outdoor Adventures Ltd., prepare the journal entries on the
Question 4 (18 marks) Given the following transactions in the month of July for Omineca Outdoor Adventures Ltd., prepare the journal entries on the template below. (explanations not needed) a) July 1: Issued common shares in exchange for $35,000 cash and equipment with a value of $67,500 b) July 5: Purchased supplies on account, $250. c) July 10: Rented office space paying one month's rent, $950. d) July 15: Performed guiding service on account, $4,500. e) July 20: Purchased a truck by paying $4,000 cash and signing a note payable for the balance of $29,800. f) July 22: Performed guiding service and immediately collected $2,900 cash. g) July 25: Collected $3,000 from the July 15 receivable. h) July 31: Paid $900 in dividends
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