Question: Anna and Zander decide that they will create a new corporation, Wonder Wilderness Company, or WWC for short. Wonder Wilderness Company is a service based




Anna and Zander decide that they will create a new corporation, Wonder Wilderness Company, or WWC for short. Wonder Wilderness Company is a service based company that rents canoes for use on local lakes and rivers. The business began operations on November 1, 2024 and completed the following transactions in that first month. (Click the licon to view the November transactions.) (Click the icon to view the transaction anaiysis chart from November. In addition, Wonder Wildemess Company completed the following transactions for December. (Click the icon to view the December transactions.) Read the requirements. Requirement 1. Journalize the transactions for both November and December, 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 November transactions refer to the transaction analysis chart for November) (Record debits first then credits. Exclude explanations from journat entries.) Nov 1. Received $12,000 cash to begin the company and issued common stock to Anna and Zander: More info 22202,700+1+++1++2,700 Ba 13,000+0+700+6,240=6,940+[0+70+12,00010+1,700700=0 More info
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
