Troy Dale opened his campground business on June 1, 2021. During the first month, he completed...
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Troy Dale opened his campground business on June 1, 2021. During the first month, he completed the following transactions related to the business. 1. Troy transferred $30.000 cash from his personal bank account to the business account 2. Collected $3.000 cash from campers for the first half of the month 3. Purchased office and computer equipment worth $8,000 on account, which will be paid next month 4. Paid $1,100 cash for entertainment 5. Paid insurance expense with $800 cash 6. Provided sites to campers who will pay later, worth $4,000 7. Paid $600 cash for miscellaneous expenses 8. Received a utilities bill of $1,000, to be paid next month 9. Paid $1,200 cash for supplies used around the campground 10. Paid $1,000 salary to his assistant 11. Collected 50% of the balance owing from campers who occupied sites earlier this month 12. Received $1,000 cash for sites to be used in three months Prepare the T-account worksheet. Troy Dale opened his campground business on June 1, 2021. During the first month, he completed the following transactions related to the business. 1. Troy transferred $30.000 cash from his personal bank account to the business account 2. Collected $3.000 cash from campers for the first half of the month 3. Purchased office and computer equipment worth $8,000 on account, which will be paid next month 4. Paid $1,100 cash for entertainment 5. Paid insurance expense with $800 cash 6. Provided sites to campers who will pay later, worth $4,000 7. Paid $600 cash for miscellaneous expenses 8. Received a utilities bill of $1,000, to be paid next month 9. Paid $1,200 cash for supplies used around the campground 10. Paid $1,000 salary to his assistant 11. Collected 50% of the balance owing from campers who occupied sites earlier this month 12. Received $1,000 cash for sites to be used in three months Prepare the T-account worksheet.
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Ledger accounts are prepared as follows 20210601 20210602 20210611 20210612 Balance 2021... View the full answer
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