Question

linda albarouki 09/15/2011 Financial Accounting 101-002 Homework: Chapter 1 Lab Assignment Question Score: 0.01 of 1 pt 1 of 1 (1 complete) HW Score: 4 26% CPF1-55 (similar to) Golden Lake Company is a service based company that renscanoes forte on local lakes and rivers. Andrea and Zion Washington graduated from college about 10 years ago They both worked for one of the Big Four accounting firm and became CPAS Because they both love the outdoors, they decided to begin a new business that will combine their love of outdoor activities with business knowledge Andrea and Zion decide that create a new corporation, Golden Lake Company, or GLC for short. The business began operations on November 2024 Click the icon to view the transactions) Read the recent Cash Assets AR Of - Canoes Sup Liabilities APU Pay CS U DH Equity Rent Rent Rex EX Tole Pay Wage Exp Exp Exp + . . 1 25.000 2 1.000 Bal 24.000 1800 100 0 0 0 25.000 0. 4200 200 BalM000 0 • 25000 300 BOL 4 B24000) 000 WOOL 25000 1000 Enter any number in the edt helds and then click Check 14 parte Fal Check Clear All

Answer 1

LIABILITIES + EQUITY utili Tele Tele A/P + Pay. + pay. Div. 4 Rent Rev. Rent Exp util. I wage Exp Exp. Pay. + pay. + cs Exp. . ASSETS off Date Cash + A/R + Sup. + Canoes 1 2 (1000) + + 4200 + 25000 + + + + + + 25000 + + + + + -1000 + + + + H 3 4200+ + J + + + 800 + 1 +800 t 4 + + + + + 2000 7 2000 + + 1700 + + + + 11 13 (1700) + 15 (600) + + + + 1 + + 600 + + + + It 16 190 + 190 + + + + + + 140 20 it 140 t + it + + + 2800 + 22 H 2800 + + IH 26 (1800) + = (1800) + + H + + 281100 1100 + + - + 140 600 1000 It 4800 H 25000 190 1700 1140 Bal. 23000+ 1700 + 800 +4200 - 3200 + 190 29700 = 29700

ASSETS LIABILITIES + EQUITY utili Tele A/P + pay. + Div. 4 Rent Rent I util. Rev. Exp. Wage pay. tcs exp Exp. Tele Exp. olf Date Cash + A/R + sup. + Canoes 1 (1000) 25000 + + + + + + 25000 + 1 + + + + - + 1000 -- 1 + 3 + 4200 4200 + + + + + + 800 - 4. + + 800 + + + + + th T 2000 + 13 + + + 2000 + + + + + 1900 13 (1700) + 15 (600) + + + + + 11 600 - 16 + + + + 190 + + - 190 + 20 + + + + it 140 t - 140 LI + + 2800 + H + + 22 1 + 2800 + 26 (800) + + + = (1800) + IH + 1 + + 281100 1100 + + Bal. 230001 1700 + 800 +4200 - 3200 + 190 + 140 H 25000 600 + 4800 1000 190 1700 140 29700 = 29700