Question
the following events are for Mountain Travel Services for the year 2017, the first year of operations. Issueed 20,000 of common stock to the owners
the following events are for Mountain Travel Services for the year 2017, the first year of operations.
Issueed 20,000 of common stock to the owners for example"
1- provided services to customers and recived 30,000 cash
2- paid operating Expeenses of 21000
3- Purchesed land for 9000 cash
4- Paid a 3000 cash dividened to owner
5- purchased 1000 of supplies on account
6- provided a 15000 of services to customers
7- Recived a 4000 cash advence for services to be provided in the future
8- paid 500 of account payable
9 Recognized accrued salaries Ex 2500
10- Recugnized Ex for Suppllies ussed during the period . Hadsupplies left hand of 400
Event ____ Account Debited ____ Account Credited
1 Cahs Common Stock
2
3
4
5
6
7
8
9
10
please need help ASP
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started