simms outdoor Adventure store stared its operation on jan 1 in the outdoor supply and tour guid operation business

Questions 30 Marks 15 4 year en Determ FIFO. Simms Outdoor Adventure de started its operation on dow1st 2007 the outdoor supply and tour guide operations Business Samsuses a Perpetuatory System to manage the wory The year and is December 31, 2007 The longhansactions and events occurred in December December 1 In preparation for 2008.purchased the wings Delivery Van 5 years Computer Equipment $4.000 2 Extension on the Building 512.000 Sms paid for these w204 cash up front and traced the with a note payable to do March 2008 Si uses the Straight line method for amongs Notis expected to have a value at the end of the use December 10 Purchased additional inventory hom Ondoor worses to $3,000 Tem 220 net 30 FOB Shipping December 12 Renewed Fire Insurance. The policy comes outlet ist. 2005 Pad 3.500 on Check December 13 The sventory purchased on December 10 ved. The proper company 3800.00 in trucking costs December 13 $500.00 worth of the new inventory was detective and had to be umed to Outdoor Wholesale December 15 Received an advance deposit from some customers who were booking to for February 2008 The cost of the trip is $20.000 with $5.000 being paid up front December 18 Paid Outdoor Wholesalers the proper amount December 31 The Junior Bookkeeper emaid the following expers occurred in December, but the invoices have not yet been received Questic The ca The ba follow 1 2 Uties Advertising Cell Phone 5750.00 $350.00 1200.00 December 31 Sales for the month were as follows Cash Sales Sales on Account Credit Card Sales Cost of Goods Sold 380.000 $25.000 $28.000 575.000 December 31 Wages for the month of $18,000 had not yet been recorded Part A Prepare the journal entries for the December day to day wansactions Part 8 Review December activity and record any adjusting es in there are only