Alison and Zander decide that they will create a new$$ corporation, $$Company$,$ or for short. Company is a service based company that rents canoes for use on local lakes and rivers. The business began operations on $1,$ and completed the following transactions in that first month.

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In$$ addition, Company completed the following transactions for $.$

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Read the requirementsLOADING....

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Part $1$

Requirement $1.$ Journalize the transactions for both and $,$ using the following$$ accounts: CashCash; Accounts$$ Receivable; Office$$ Supplies; Prepaid$$ Rent; Land;$$ Building; Canoes; Accounts$$ Payable; Utilities$$ Payable; Telephone$$ Payable; Unearned$$ Revenue; Notes$$ Payable; Common$$ Stock; Dividends; Canoe Rental$$ Revenue; Rent$$ Expense; Utilities$$ Expense; Wages$$ Expense; and Telephone Expense. Explanations are not required. $($Hint$$: For transactions refer to the transaction analysis chart for $.)($Record debits$$ first, then credits. Exclude explanations from journal$$ entries.$)$