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Troy Dale opened his campground business on June 1, 2021. During the first month, he completed the following transactions related to the business. 1.
Troy Dale opened his campground business on June 1, 2021. During the first month, he completed the following transactions related to the business. 1. Troy transferred $30,000 cash from his personal bank account to the business account 2. Collected $3,000 cash from campers for the first half of the month 3. Purchased office and computer equipment worth $8,000 on account, which will be paid next month 4. Paid $1,100 cash for entertainment 5. Paid insurance expense with 5800 cash 6. Provided sites to campers who will pay later, worth $4,000 7. Paid $600 cash for miscellaneous expenses 8. Received a utilities bill of $1,000, to be paid next month 9. Paid $1,200 cash for supplies used around the campground 10. Paid $1,000 salary to his assistant 11. Collected 50% of the balance owing from campers who occupied sites earlier this month 12. Received $1,000 cash for sites to be used in three months Prepare the T-account worksheet.
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