Problem 3-14A Journalizing, posting, adjusted trial balance, adjusting entries (monthly), financial statements LO 4,5,6,7 copy...

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Accounting

Problem 3-14A Journalizing, posting, adjusted trial balance, adjusting entries (monthly), financial statements LO 4,5,6,7 copy On August 1,2023, Mark Diamond began a tour company in the Northwest Ferritories called Millennium Arctic Tours. The following occurred during the first month of operations: Aug. 1 Purchased office furniture on account; $ 4,900.1 Mark Oi amond invested 86,900 cash into his nee business. 2 Collected $ 3,758 in advance for a three-iseek guided caribou watching tour beginning later in Ausust. 3. Paid $ 5,850 for six months' rent for office space effective August 1.4. Received $ 2,900 for a three-day northern lights viewing tour just coegleted. 15 Mark withdren cash of $ 40 e for persanal 1 use. 22 Met with a Japanese tour guide to discuss a $ 145,000 tour contract. 31 Pasd wages of $ 1,290. Assume Mark Diamond uses the straight-line method to depreciate the assets. Roquired: 1. Prepare General Journal entries to record the August transactions, (If no entry is required for a particular trensoction/event, seiect "No journal entry required" in the first account field.)

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