Outback Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of...
80.2K
Verified Solution
Question
Accounting
Outback Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2024, Outback has the following account balances. The following transactions occur during December 2024: December 1 Pay rent for meuntain lodgen for the month of December, 52,400. December 5 Provide qulded tour to eustoners in Grand Teton National Park for eash, s4, Joo. interent rate. Deeenber 13 Tabue additional shares of comnon stoek for cash, 135,600. December 15 pay employee nalaries for the first half of the sonth, $2,700. Decenber 22 provide gulded tour to oustomers in Yellowitone wational park on acoount, $4, tog. company believes this exeiting news will ereate additional revenue of sas, 000 next year. vision gogglea, GPs, long=range binocularin, and video cameras, for eash, $30,000. Decenber 28 pay cash on aceounts payable, 33,000. Decenber 31 Pay dividends to stockholders, 53,500 . Required: 1. Record each transaction. 2. \& 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at December 31, 2024. (Hint Be sure to include the balance at the beginning of December in each T-account) 4. Prepare a trial balance as of December 31, 2024. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Requi field.) Complete this question by entering your answers in the tabs below. Prepare a trial balance as of December 31




Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.