Pat's Party Planning provides food service and bartending for private and corporate parties. Pat's does not prepare the food, but does provide supplies such as dishes, linens and ice for the event. The following transactions occurred in December 2014, the first month of the business operations:
Instructions
a. Prepare the journal entries for the above transactions. Explanations are not necessary.
b. Prepare a trial balance at December 31, 2014 based on the above accounts.

Question

Pat's Party Planning provides food service and bartending for private and corporate parties. Pat's does not prepare the food, but does provide supplies such as dishes, linens and ice for the event. The following transactions occurred in December 2014, the first month of the business operations:
  Instructions 
a. Prepare the journal entries for the above transactions. Explanations are not necessary.
b. Prepare a trial balance at December 31, 2014 based on the above accounts.

Quizplus · Accepted Answer

The Answer of Pat's Party Planning provides food service and bartending for private and corporate parties. Pat's does not prepare the food, but does provide supplies such as dishes, linens and ice for the event. The following transactions occurred in December 2014, the first month of the business operations:
  Instructions 
a. Prepare the journal entries for the above transactions. Explanations are not necessary.
b. Prepare a trial balance at December 31, 2014 based on the above accounts.

Pat's Party Planning Provides Food Service and Bartending for Private