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Record the business activity as joumal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the

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Record the business activity as joumal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 11/01/2020: Chelsea contributes $25,000 cash and Clint contributes $6,000 in cash and also contributes industrial shelving and other equipment worth $19,000 (fair value). The shelving and equipment have a useful life of 10 years and no residual value. 1,000 shares of $1 par Common Stock are issued to the Partners for this transaction (equally). 11/01/2020 : Pedal Pusbers signs a lease with Bightway Realty for retail space and pays $6,600 for the first 6 month's rent. 1101/2020: Pedal Pushers purchases a 12 month insurance poli he business, paying 51,800. 11.022020: Pedal Pushers buys a Point-of-Sale (POS) system for the cashier station, S4,500, on account with terms Net 45 FOB Shipping Point It has an estimated 10 year life and no residual value. 11/04/2020: The POS system arrives and the trucking company presents a freight invoice of 592 , which Pedal Pushers pays. 11,042020: Pedal Pushers borrows $15,000 from their bank. The amount must be paid back in 90 days with 5% interest 11/04/2020: Pedal Pushers buys office supplies for $590. 11/04/2020: Pedal Pushers purchases 100$85 Pro-Cycle bikes (regular size) and 60$95 ProCycle bikes (XL sizc) on account from Discount Distribution ULC, terms 4\%/15, Net 30, FOB Destination. Pedal Pushers is selling the regular size bike for $165 and the XL size bike for $185. The inventory should be delivered 11/9/2020. 11/05/2020: Pedal Pushers purchases 55 regular sire $12 bike helmets and 25XL size $15 bike helmets from Outfitters Wholesale Corp, terms 3%/10,Net30,FOB Destination. The helmets should artive 11/9/2020. The company will charge customers $24 for the regular size and $30 for the larger size. 11092020: Both purchases from the 4e and the 5 arrive at the shop. 11/122020: Customer buys a regular size bike, paying cash 11/14/2020: Customer buys 2 XL bikes, paying cash 11/21/2020: Pedal Pushers pays for the purchase made on the 4t.. 11/22/2020: Customer buys 2 regular sized bikes and 2 regular sized helmets, paying cash: Ti 125/2020 : Pedal Pushers pays $1,265 to Make Your Mark Advertising; the agency has made a website and brochures for Pedal Pushers. The agency will charge a monthly service fee to maintain and update the website. 11/30/2020: A count of office supplies shows that $320 are remaining. Record the business activity as joumal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 11/01/2020: Chelsea contributes $25,000 cash and Clint contributes $6,000 in cash and also contributes industrial shelving and other equipment worth $19,000 (fair value). The shelving and equipment have a useful life of 10 years and no residual value. 1,000 shares of $1 par Common Stock are issued to the Partners for this transaction (equally). 11/01/2020 : Pedal Pusbers signs a lease with Bightway Realty for retail space and pays $6,600 for the first 6 month's rent. 1101/2020: Pedal Pushers purchases a 12 month insurance poli he business, paying 51,800. 11.022020: Pedal Pushers buys a Point-of-Sale (POS) system for the cashier station, S4,500, on account with terms Net 45 FOB Shipping Point It has an estimated 10 year life and no residual value. 11/04/2020: The POS system arrives and the trucking company presents a freight invoice of 592 , which Pedal Pushers pays. 11,042020: Pedal Pushers borrows $15,000 from their bank. The amount must be paid back in 90 days with 5% interest 11/04/2020: Pedal Pushers buys office supplies for $590. 11/04/2020: Pedal Pushers purchases 100$85 Pro-Cycle bikes (regular size) and 60$95 ProCycle bikes (XL sizc) on account from Discount Distribution ULC, terms 4\%/15, Net 30, FOB Destination. Pedal Pushers is selling the regular size bike for $165 and the XL size bike for $185. The inventory should be delivered 11/9/2020. 11/05/2020: Pedal Pushers purchases 55 regular sire $12 bike helmets and 25XL size $15 bike helmets from Outfitters Wholesale Corp, terms 3%/10,Net30,FOB Destination. The helmets should artive 11/9/2020. The company will charge customers $24 for the regular size and $30 for the larger size. 11092020: Both purchases from the 4e and the 5 arrive at the shop. 11/122020: Customer buys a regular size bike, paying cash 11/14/2020: Customer buys 2 XL bikes, paying cash 11/21/2020: Pedal Pushers pays for the purchase made on the 4t.. 11/22/2020: Customer buys 2 regular sized bikes and 2 regular sized helmets, paying cash: Ti 125/2020 : Pedal Pushers pays $1,265 to Make Your Mark Advertising; the agency has made a website and brochures for Pedal Pushers. The agency will charge a monthly service fee to maintain and update the website. 11/30/2020: A count of office supplies shows that $320 are remaining

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