Great Adventures Inc. | |||
Date | General,Journal | Debit | Credit |
01-Jul | Cash | $ 10,000.00 | |
To Common Stock | $ 10,000.00 | ||
( Sell common stock to Suzie | |||
01-Jul | Cash | $ 10,000.00 | |
To Common Stock | $ 10,000.00 | ||
( Sell common stock to Tony) | |||
01-Jul | Prepaid Insurance | $ 4,800.00 | |
To Cash | $ 4,800.00 | ||
(Insurance purchased ) | |||
02-Jul | Legal Fees | $ 1,500.00 | |
To Cash | $ 1,500.00 | ||
( legal fees paid ) | |||
04-Jul | Office Supplies | $ 1,800.00 | |
To Accounts Payable | $ 1,800.00 | ||
( Office supplies purchased on account) | |||
07-Jul | Advertisement Expenses | $ 300.00 | |
To Cash | $ 300.00 | ||
( Paid for advertisement in newspaper) | |||
08-Jul | Equipments | $ 12,000.00 | |
To Cash | $ 12,000.00 | ||
( Purchased of 10 mountain bikes) | |||
15-Jul | Cash | $ 2,000.00 | |
To Service Revenue | $ 2,000.00 | ||
(Revenue received from 40 Bikers) | |||
22-Jul | Cash | $ 2,300.00 | |
To Service Revenue | $ 2,300.00 | ||
(Cash received for service revenue) | |||
24-Jul | Advertisement Expenses | $ 700.00 | |
To Cash | $ 700.00 | ||
(Paid for advertisement in Radio) | |||
30-Jul | Cash | $ 4,000.00 | |
To Deferred Revenue | $ 4,000.00 | ||
(Advance received from 40 Kayakers for upcomin Kayak clinic) | |||
Great Adventure Inc. | |||
Adjusted Trial Balance | |||
Account Head | Dr | Cr | |
Assets | |||
Cash($10000+$10000-$4800-$1500-$300-$12000+$2000+$2300-$700+$4000) | $ 9,000.00 | ||
Prepaid Insurance | $ 4,800.00 | ||
Office Supplies | $ 1,800.00 | ||
Equipment | $ 12,000.00 | ||
Liabilities | |||
Accounts Payable | $ 1,800.00 | ||
Deferred Revenue | $ 4,000.00 | ||
Stockholder's Equity | |||
Common Stock($10000+$10000) | $ 20,000.00 | ||
Revenue | |||
Service Revenue($2000+$2300) | $ 4,300.00 | ||
Expenses | |||
Advertisement expenses($300+$700) | $ 1,000.00 | ||
Legal fees expenses | $ 1,500.00 | ||
Total | $ 30,100.00 | $ 30,100.00 | |
[The following information applies to the questions displayed below.] Tony and Suzie graduate from college in...
[The following information applies to the questions displayed below) Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run,...
(The following information applies to the questions displayed below.] Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they...
Required information The following information applies to the questions displayed below.) Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long...
3 Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they’ll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a...
Great Adventures Problem AP2-1 [The following information applies to the questions displayed below.) Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In...
ZAVE TONUWmy ww Lon appes i wie Yuest Ursprayeu veuw. Tony and Suzie graduate from college in May 2018 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long...
Tony and Suzie graduate from college in May 2018 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes...
[The following information applies to the questions displayed below.] Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they’ll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they...
Tony and Suzie graduate from college in May 2018 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they’ll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes...
Required information Great Adventures Problem AP2-1 (The following information applies to the questions displayed below.) Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail...