Jim's Gymnastics Training's Operations for the Month of October Are

question 168

Essay

Jim's Gymnastics Training's operations for the month of October are summarized as follows:
A.Provided $5,000 of training to students on account.
B.Received $4,000 cash from students for training provided in October.
C.Received $1,000 cash for training to be provided in November.
D.Received $3,000 cash from students on account for training provided in September.
E.Paid September's gym rental bill on account in the amount of $1,000.
F.Received October's rental bill of $1,500; set it aside.
Required:
Prepare journal entries to record the transactions identified among activities (A)through (F).

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Definitions:

Age Sets

A social categorization and grouping system based on age, within which members share duties, responsibilities, and privileges.

Kin-Ordered

describes social structures or systems where the relationships and organization are primarily based on kinship ties and descent.

State-Ordered

Directed or mandated by a governing authority or government.

Political Systems

The framework by which a society organizes and administers public policy and governance, including democracy, monarchy, and dictatorship.