USE THE ATTACHEMENT (PLEASE MAKE SURE THE ANSWER IS CORRECT 100%) Sava Tour...

50.1K

Verified Solution

Question

Accounting

image

USE THE ATTACHEMENT (PLEASE MAKE SURE THE ANSWER IS CORRECT 100%)

image

Sava Tour Ltd was founded in 2015, scoring as one of the first global travel agency firms focused exclusively on tours around the world. During month of December 2019, the following transactions happened for the company: 1-Dec Shareholders invested $200,000 cash in the business in exchange for shares, Purchased a land costing $100,000 and supplies for $10,000 on account, 9 Paid in advance for one-year insurance $10,000 cash, 11 Received $10,000 cash from customer for services not performed yet. 15 Performed services and billed customer for services performed $37,000. 20 Received half of the amount in cash from the billed customers on December 15th 25 Paid $30,000 cash for the purchase on account on December 8th 28 Borrowed $40,000 cash from the bank by signing a note. The note is long term. 29 Purchased equipment costing $20,000 cash. 29 Declared and paid cash dividends to shareholders for $7,000. 30 Paid utilities of the month, $1,000. Requirements: 1) General Excel/Word structure, 2) Record the transactions into the General Journali 3) Record the transactions into the related T-Accounts: 4) Prepare a Trial Balance for the month of December 2019 + C6 X fx D F JK B BST Deliverable 1 Students name G H T-accounts MNO Trial Balance Assets Liabilities GENERAL JOURNAL Account Titles and Explanation. Debit Credit No Date Adde 10 HHHHHH HHHH +

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students