On March 1 Cayleb's Swimming School had the following accounts; some with balances, (as given), and...

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On March 1 Cayleb's Swimming School had the following accounts; some with balances, (as given), and some without: Cash $3,000 Accounts Receivable: P. Loren $150 L. Timmins Equipment: $4,700 Accounts Payable: Jane's Pool Supplies $750 T. Cayleb, Capital $7,100 Fees Income Advertising Expense Rent Expense Pool Maintenance Expense Utilities Expense a) Set up the general ledger for Cayleb's Swimming School on March 1 and record the beginning balances noted above and the transactions listed below. b) Calculate the balance of the accounts on March 31 and prepare a Trial Balance, an Income Statement, and a Balance Sheet March Transactions March 2 Received $300 cash from clients for swimming lessons. March 2 Issued a bill for $95 for L. Timmins for lessons. Paid $1,400 cash to Sports Centres Corp. for monthly rent. Received $50 cash from P Loren to be applied to the amount owed. Received a $150 bill from Shayna's Pool Cleaning Services for Pool March 3 March 4 March 5 Maintenance. March 7 Received $2000 cash from clients for lessons. March 10 Issued another bill to L.Timmins for $45 for lessons Received $100 cash from P.Loren to pay for outstanding amounts owing. Received a bill for $500 for training equipment purchased from Jane's Pool Supplies. Paid $90 for electricity and water. Paid $300 to Jane's Pool Supplies on some of the balance owing. Paid $355 cash to the Ajax News Gazette for advertising. March 11 March 15 March 22 March 28 March 30 On March 1 Cayleb's Swimming School had the following accounts; some with balances, (as given), and some without: Cash $3,000 Accounts Receivable: P. Loren $150 L. Timmins Equipment: $4,700 Accounts Payable: Jane's Pool Supplies $750 T. Cayleb, Capital $7,100 Fees Income Advertising Expense Rent Expense Pool Maintenance Expense Utilities Expense a) Set up the general ledger for Cayleb's Swimming School on March 1 and record the beginning balances noted above and the transactions listed below. b) Calculate the balance of the accounts on March 31 and prepare a Trial Balance, an Income Statement, and a Balance Sheet March Transactions March 2 Received $300 cash from clients for swimming lessons. March 2 Issued a bill for $95 for L. Timmins for lessons. Paid $1,400 cash to Sports Centres Corp. for monthly rent. Received $50 cash from P Loren to be applied to the amount owed. Received a $150 bill from Shayna's Pool Cleaning Services for Pool March 3 March 4 March 5 Maintenance. March 7 Received $2000 cash from clients for lessons. March 10 Issued another bill to L.Timmins for $45 for lessons Received $100 cash from P.Loren to pay for outstanding amounts owing. Received a bill for $500 for training equipment purchased from Jane's Pool Supplies. Paid $90 for electricity and water. Paid $300 to Jane's Pool Supplies on some of the balance owing. Paid $355 cash to the Ajax News Gazette for advertising. March 11 March 15 March 22 March 28 March 30

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Journal Entries Working Note For ledgers Date Account Title And Explanation Debit Credit 2Mar Cash 300 Fees Income 300 2Mar L Timmins 95 Fees Income 9... View the full answer