Requirement 1. Journalize the transactions for both November and December, using the following accounts: CashCash; Accounts...
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Requirement 1. Journalize the transactions for both November and December, using the following accounts: CashCash; Accounts Receivable; Office Supplies; Prepaid Rent, Land, Building Canoes; Accounts Payable; Utilities Payable; Telephone Payable; Unearned Revenue; Notes Payable: Common Stock; Dividends; Canoe Rental Revenue; Rent Expense: Utilities Expense: Wages Expense; and Telephone Expense. Explanations are not required. (Hint For November transactions refer to the transaction analysis chart for November) (Record debits first, then credits Exclude explanations from journal entries.) Nov. 1: Received $15,000 cash to begin the company and issued common stock to Andrea and Ziggy Date Nov 1 Cash Common Block Accounts Nov. 2: Signed a lease for a building and paid $700 for the first month's rent Date Nov. 2 Rent Expense Cash Accounts Debit Credit 15,000 15,000 Debit Credit 700 700 Requirement 1. Journalize the transactions for both November and December, using the following accounts: CashCash; Accounts Receivable; Office Supplies; Prepaid Rent, Land, Building Canoes; Accounts Payable; Utilities Payable; Telephone Payable; Unearned Revenue; Notes Payable: Common Stock; Dividends; Canoe Rental Revenue; Rent Expense: Utilities Expense: Wages Expense; and Telephone Expense. Explanations are not required. (Hint For November transactions refer to the transaction analysis chart for November) (Record debits first, then credits Exclude explanations from journal entries.) Nov. 1: Received $15,000 cash to begin the company and issued common stock to Andrea and Ziggy Date Nov 1 Cash Common Block Accounts Nov. 2: Signed a lease for a building and paid $700 for the first month's rent Date Nov. 2 Rent Expense Cash Accounts Debit Credit 15,000 15,000 Debit Credit 700 700
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