A COMPREHENSIVE ACCOUNTING CYCLE PROBLEM - NEED ASAP! THANK
YOU
On December 1, 2018, John and Maggie Driscoll formed Cape Clear
Island, LLC. They began operations using the following
accounts:
Cash
Accounts Receivable
Prepaid Rent
Unexpired Insurance
Office Supplies
Rental Equipment
Accumulated Depreciation:
Rental Equipment
Notes Payable
Accounts Payable
Interest Payable
Salaries Payable
Dividends Payable
Unearned Rental Fees
Income Taxes Payable
Capital Stock
Retained Earnings
Dividends
Income Summary
Rental Fees Earned
Salaries Expense
Maintenance Expense
Utilities Expense
Rent Expense...