Given the following transactions in the month of July for Kootenay Outdoor Adventures, prepare journal entries; and, a trial balance and balance sheet as of July 31, 2019.
a)Owner, Bill Thompson invested $35,000 cash and equipment with a value of $67,500 into the business.
b)Purchased supplies on account, $250.
c)Rented office space paying one month's rent, $950.
d)Performed guide service on account, $4,500.
e)Purchased a truck by paying $4,000 cash and signing a promissory note for the balance of $29,800.
f)Performed guiding service and immediately collected $2,900 cash.
g)Owner, Bill Thompson withdrew $900 for personal use.

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The Answer of Given the following transactions in the month of July for Kootenay Outdoor Adventures, prepare journal entries; and, a trial balance and balance sheet as of July 31, 2019.
a)Owner, Bill Thompson invested $35,000 cash and equipment with a value of $67,500 into the business.
b)Purchased supplies on account, $250.
c)Rented office space paying one month's rent, $950.
d)Performed guide service on account, $4,500.
e)Purchased a truck by paying $4,000 cash and signing a promissory note for the balance of $29,800.
f)Performed guiding service and immediately collected $2,900 cash.
g)Owner, Bill Thompson withdrew $900 for personal use.

Given the Following Transactions in the Month of July for Kootenay