Question: Ike Petrov started a tour company, Tour - Along, on October 1 , 2 0 1 7 . The following activities occurred during November, the
Ike Petrov started a tour company, TourAlong, on October The following activities occurred during November, the second month of operations:
"Nov. Paid $ regarding purchases made on account during October.
Purchased a $ photocopier, paying $ cash and signing a note payable for the balance.
Purchased office supplies for cash; $
Signed a $ contract with RBC to arrange travel for its employees beginning January
Paid wages of $
Collected $ for clients travelling in November.
Ike Petrov withdrew $ cash for personal use.
Paid interest on the notes payable; $
Required
Prepare journal entries to record the November transactions.
Set up the following Taccounts OR General Ledger, entering the balances brought forward from October :
Cash $; Office Supplies $; Office Equipment $; Accounts Payable $;
Notes Payable $; Ike Petrov, Capital $; Ike Petrov, Withdrawals $;
Travel Revenue $; Wages Expense $; and Interest Expense $
Post the entries to the Taccounts; calculate the ending balance in each account.
Prepare a trial balance at November
Use the trial balance to prepare an income statement and statement of changes in equity for the two months ended
November as well as a balance sheet at November
Please i need it in excel
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