Jim's Mountain Tours opened for business December 1, 2014. The following T- accounts include eight transactions that occurred in December 2014:
Instructions
a. For each transaction, journalize the transaction, including an explanation for the entry.
b. Determine the ending account balance for each account.
c. Prepare a trial balance as at December 31, 2014.

Question

Jim's Mountain Tours opened for business December 1, 2014. The following T- accounts include eight transactions that occurred in December 2014:
    Instructions 
a. For each transaction, journalize the transaction, including an explanation for the entry.
b. Determine the ending account balance for each account.
c. Prepare a trial balance as at December 31, 2014.

Quizplus · Accepted Answer

The Answer of Jim's Mountain Tours opened for business December 1, 2014. The following T- accounts include eight transactions that occurred in December 2014:
    Instructions 
a. For each transaction, journalize the transaction, including an explanation for the entry.
b. Determine the ending account balance for each account.
c. Prepare a trial balance as at December 31, 2014.

Jim's Mountain Tours Opened for Business December 1, 2014