Question: Anya and Zed decide that they will create a new corporation, Calla Canoe Company, or CCC for short. Calla Canoe Company is a service based
Anya and Zed decide that they will create a new corporation, Calla Canoe Company, or CCC for short. Calla Canoe Company is a service based company that rents canoes for use on local lakes and rivers. The business began operations on November 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, Calla Canoe Company completed the following transactions for December.
Click the icon to view the December transactions.
Read the requirements.
Requirement 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 journal entries.
Nov. : Received $ cash to begin the company and issued common stock to Anya and Zed.
tableDateAccounts,Debit,CreditNov
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