Amber and Zack decide that they will create a new corporation, Canyon Canoe Company, or CCC for short. Canyon Canoe Company is a service based compan rents canoes for use on local lakes and rivers. The business began operations on November 1, 2018 and completed the following transactions in that first month. (Click the icon to view the November transactions.) (Click the icon to view the transaction analysis chart from November.) In addition, Canyon Canoe Company completed the following transactions for December (Click the icon to view the December transactions.) tions Read the requirements Rental Revenue, Rent Expervse: Utilities Expense; Wages Expense; and Telephone Expense Explanations are not required. (Hint For November transactions refer to the transaction analysis chart for November) (Record debits first, then credits. Exclude explanations from journal entries.) Nov 1: Received $16,000 cash to begin the company and issued common stock to Amber and Zack Date Accounts Debit Credit Nov. 1 e requirements. Received $10,000 cash to begin the company and issuea common SIOCK TO Amber ana z Date Accounts Debit More Info Nov. 1 Received $16,000 cash to begin the company and issued common stock to Amber and Zack. 2 Signed a lease for a building and paid $1,200 for the first month's rent. 3 Purchased canoes for $4,800 on account. 4 Purchased office supplies on account, $750. 7 Earned $1,400 cash for rental of canoes. 13 Paid $1,500 cash for wages. 15 Paid $50 dividends to stockholders. 16 Received a bill for $150 for utilities. (Use separate payable account.) 20 Received a bill for $175 for cell phone expenses. (Use separate nauale - view the November transactions. (Click the icon to view the transaction analysis chart from November.) Sanoe Company completed the following transactions for December. Reference Assets Cash + A'R + Off + Canoes = Sup. 1 16,000+ 2 (1.200) Bal. 14,800 + Liabilities Equity AJP + Util. + Tele. + CS - Div + Rent - Rent - Util. - Wage - Tele. Pay. Pay. Rev. Exp. Exp. Exp. Exp. + 16,000 - + - - - ----+ 1,200. . . 0+ 0 + 16,000 - 0+ 0 - 1,200 - 0 0 4.800 0 + 0 = 800 Bal 14,800 + 0 + 0 + 4,800 4,800+ 0+ 0 + 16,000 - 0+ 0 - 1.200 - 0 0 - 0 noe Company completed the following transactions for December Reference 4,800 4,800 0 + 0 + 16,000 - 0 + 4,800 = - 4,800 + 750 0. 1,200 - 0 - 0 + + 750 0 + 750 + 32 Bal. 14,800 + 4_ +_ Bal. 14,800 + 7 1,400 + Bal. 16,200 + 13 (1,500) + 14700 4,800 = 5,550 + 0 + 0 + 16,000 - 0 + 0 - 1,200 - 0 - 0 - _ * 1.400 4,800 - 5,550 + 0 + 0 + 16,000 - 0 + 1,400 - 1,200 - 0 0 + 750 + +____+ + 750 + 0 4.800 5,550 + 0 + 0 + 16,000 . 0 + 1,400 - 1,200 - 0- 1,500 - 0 eference 4,00 TO YOU JUU - UU- 50 (50) + 14,650 + + 0 + + 750 + 4,800 = 5,550 + 0 + 0 + 16,000 - 50 + 1,400 - 1,200 - 0 0 - 1,500 - 150 150 - 1,500 - 750 + 4,800 = 50 + 1,400 - 1,200 - 0 Bal. 14,650 + 0 + 20 Bal. 14,650 + 0 + _-+ 3,000 Bal 14,650 + 3,000 + 5,550 + 150 + + 5,550 + 150+ 0 + 16,000 - 175 175 + 16,000 - 750 + 4,800 = 50 + 1,400 - 1,200 - 3,000 150 - 1,500 - 175 22 - 750 - 4,800 = 5,550 + 150+ 175 + 16,000 - 50+ 4.400 - 1,200 - 150 - 1,500 - 175 More Info Dec. 1 Amber and Zack contributed land on the river (worth $85,000) and a small building to use as a rental office (worth $35,000) in exchange for common stock 1 Prepaid $3,000 for three months' rent on the warehouse where the company stores the canoes. 2 Purchased canoes signing a notes payable for $7,200. 4 Purchased office supplies on account for $500. 9 Received $4,500 cash for canoe rentals to customers. 15 Rented canoes to customers for $3,500, but will be paid next month. 16 Received a $750 deposit from a canoe rental group that will use the canoes next month 18 Paid the utilities and telephone bills from last month er any n Check And Amber and Zack decide that they will create a new corporation, Canyon Canoe Company, or CCC for short. Canyon Canoe Company is a service based compan rents canoes for use on local lakes and rivers. The business began operations on November 1, 2018 and completed the following transactions in that first month. (Click the icon to view the November transactions.) (Click the icon to view the transaction analysis chart from November.) In addition, Canyon Canoe Company completed the following transactions for December (Click the icon to view the December transactions.) tions Read the requirements Rental Revenue, Rent Expervse: Utilities Expense; Wages Expense; and Telephone Expense Explanations are not required. (Hint For November transactions refer to the transaction analysis chart for November) (Record debits first, then credits. Exclude explanations from journal entries.) Nov 1: Received $16,000 cash to begin the company and issued common stock to Amber and Zack Date Accounts Debit Credit Nov. 1 e requirements. Received $10,000 cash to begin the company and issuea common SIOCK TO Amber ana z Date Accounts Debit More Info Nov. 1 Received $16,000 cash to begin the company and issued common stock to Amber and Zack. 2 Signed a lease for a building and paid $1,200 for the first month's rent. 3 Purchased canoes for $4,800 on account. 4 Purchased office supplies on account, $750. 7 Earned $1,400 cash for rental of canoes. 13 Paid $1,500 cash for wages. 15 Paid $50 dividends to stockholders. 16 Received a bill for $150 for utilities. (Use separate payable account.) 20 Received a bill for $175 for cell phone expenses. (Use separate nauale - view the November transactions. (Click the icon to view the transaction analysis chart from November.) Sanoe Company completed the following transactions for December. Reference Assets Cash + A'R + Off + Canoes = Sup. 1 16,000+ 2 (1.200) Bal. 14,800 + Liabilities Equity AJP + Util. + Tele. + CS - Div + Rent - Rent - Util. - Wage - Tele. Pay. Pay. Rev. Exp. Exp. Exp. Exp. + 16,000 - + - - - ----+ 1,200. . . 0+ 0 + 16,000 - 0+ 0 - 1,200 - 0 0 4.800 0 + 0 = 800 Bal 14,800 + 0 + 0 + 4,800 4,800+ 0+ 0 + 16,000 - 0+ 0 - 1.200 - 0 0 - 0 noe Company completed the following transactions for December Reference 4,800 4,800 0 + 0 + 16,000 - 0 + 4,800 = - 4,800 + 750 0. 1,200 - 0 - 0 + + 750 0 + 750 + 32 Bal. 14,800 + 4_ +_ Bal. 14,800 + 7 1,400 + Bal. 16,200 + 13 (1,500) + 14700 4,800 = 5,550 + 0 + 0 + 16,000 - 0 + 0 - 1,200 - 0 - 0 - _ * 1.400 4,800 - 5,550 + 0 + 0 + 16,000 - 0 + 1,400 - 1,200 - 0 0 + 750 + +____+ + 750 + 0 4.800 5,550 + 0 + 0 + 16,000 . 0 + 1,400 - 1,200 - 0- 1,500 - 0 eference 4,00 TO YOU JUU - UU- 50 (50) + 14,650 + + 0 + + 750 + 4,800 = 5,550 + 0 + 0 + 16,000 - 50 + 1,400 - 1,200 - 0 0 - 1,500 - 150 150 - 1,500 - 750 + 4,800 = 50 + 1,400 - 1,200 - 0 Bal. 14,650 + 0 + 20 Bal. 14,650 + 0 + _-+ 3,000 Bal 14,650 + 3,000 + 5,550 + 150 + + 5,550 + 150+ 0 + 16,000 - 175 175 + 16,000 - 750 + 4,800 = 50 + 1,400 - 1,200 - 3,000 150 - 1,500 - 175 22 - 750 - 4,800 = 5,550 + 150+ 175 + 16,000 - 50+ 4.400 - 1,200 - 150 - 1,500 - 175 More Info Dec. 1 Amber and Zack contributed land on the river (worth $85,000) and a small building to use as a rental office (worth $35,000) in exchange for common stock 1 Prepaid $3,000 for three months' rent on the warehouse where the company stores the canoes. 2 Purchased canoes signing a notes payable for $7,200. 4 Purchased office supplies on account for $500. 9 Received $4,500 cash for canoe rentals to customers. 15 Rented canoes to customers for $3,500, but will be paid next month. 16 Received a $750 deposit from a canoe rental group that will use the canoes next month 18 Paid the utilities and telephone bills from last month er any n Check And