Question
Rough and Rugged began operations on November 1, 2011. The transactions for November have already been recorded and posted to the T-Accounts Record the transactions
Rough and Rugged began operations on November 1, 2011. The transactions for November have already been recorded and posted to the T-Accounts Record the transactions in a journal using correct journal entry format. Post the journal entries to the ledger (T-Accounts).
Nov 1- Jamie contributed capital of $16,000 to begin the company.
Nov 2- signed a leased for a building and paid $1,200 for the first month's rent.
Nov 3- purchased canoes for $4,800 on account.
Nov 4-purchased office supplies on account, 750
nov 7- earned $1,400 cash for rental of canoes.
Nov 13- paid $1,500 cash for wages.
nov 15- jamie withdrew $50 cash from the business
Nov 16-received a bill for $150 for utilities (use separate payable account).
Nov 20-received a bill for $175 for cell phone expenses. (use separate payable account.)
Nov 22- rented canoes to early start daycare on account, $3,000.
Nov 26-paid $1,000 on account related to the november 3, 2018 purchase.
Nov 28- received $750 from early start daycare for canoe rental on november 22, 2018.
Nov 30- Jamie withdrew $100 cash from the business.
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