Question

Individuals and groups of all ages come to Solid Rock Gym for fun and fitness. Services include several types of indoor rock- climbing experiences such as individual and group instruction, team development, and fitness programs. Solid Rock Gym also offers bouldering (climbing close to the bottom— no rope or hardware), top- roping (climbing while protected by a rope running through anchors above the intended route), and lead climbing (climbing while protected by a rope clipped to anchors as the climber ascends a route).
List five transactions that Solid Rock Gym might record during the month. Determine what accounts are involved and whether the accounts are debited or credited.
Example: Transaction 0. Owner invested cash in the business. Accounts involved: Cash and Capital. Cash is debited, and Capital is credited.



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  • CreatedOctober 21, 2014
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