Homework Answers
a. Contributions made in cash $4,500
b. Rent expense paid in cash $525
c. Advertising expense paid in cash $98
d. Supplies purchased on account $680
e. Miscellaneous expenses paid in cash $75
f. Equipment contributed by C.M.Graham $3,510
g. Equipment purchased $2,000, paid $500 in cash and $1,500 in account
h. Income on tours on account $615
i. Utilities expenses paid in cash $220
j. Drawings by C.M.Graham in cash $1,500
k. Income from tours received in cash $1,125
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EXERCISE 2-4 During the first month of operation, Graham Expeditions recorded the following transactions. Describe what...
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