,Hello can you please answer this please Journalizing, Posting, Preparing a Trial BalanceChris Martin owns the Viva La Vida, a collegiate basketball team in the X&Y BasketballAssociation. Presented below is the Nov. 30, 2019 trial balance representing activities from Jan.1, 2019 to Nov. 30, 2019, together with the account numbers and titles:Viva La VidaTrial BalanceNovember 30, 2019Acct. No.Account TitlesDebitCreditP 1,129,8003,712,50031,050-0-2,025,00012,750,0002,625,00011,250,000110120130CashAccounts ReceivableUniform SuppliesPrepaid InsuranceLand140150160170180210220230310320410510520530540550560570Training FacilitiesTraining EquipmentPlayer ContractsNotes PayableAccounts PayableMortgage PayableMartin, CapitalMartin, WithdrawalsGame Attendance RevenuesSalaries ExpenseAdvertising ExpenseTravel ExpenseLaundry ExpenseMedical ExpenseUtilities ExpenseMiscellaneous ExpenseTotalsP 1,800,0004,725,00010,500,00017,643,7501,875,00010,125,0004,875,000400,9501,532,400528,000194,5501,734,000130,50044,793,75044,793,750During the month of December 2019, the Viva La Vida were participating in the 2019 playoffsand the following transactions took place:Dec. 1 Acquired the contract of Agustin Tiongco from the Negros Navigators forP1,875,000; paying P225,000 in cash and financing the P1,650,000 byissuing a note payable.2 Collected P2,809,500 on accounts receivable from season-ticket holders.3 Settled accounts payable. P1,657,500.4 Paid for TV advertising. P78,600.5 Acquired on account additional uniforms for the upcoming series withthe San Alcantara Padres, P30,750.9 Billed season-ticket holders for the last five games, P320,250.10 Paid the amount due on this date for a note payable, P600,000.11 Acquired additional training equipment on account, P215,250. Record asprepaid insurance.12 Acquired additional training equipment on account, P319,500.15 Paid players' salaries. P1,136,250.17 Received P3,316,050 cash for tickets to playoff games.19 Paid travel expenses to San Alcantara, P558,000.20 Paid laundry expenses, P26,850.23 Paid creditors, P941,850. Dec. 25 Paid miscellaneous expenses, P26,850.26 Paid medical expenses, P18,900.27 Paid utilities expenses, P210,450.28 Paid player's salaries, P1,240,650.30 Chris Martin withdrew P250,000.Required:1. Enter the amounts from the November 2019 trial balance into the appropriate ledgeraccounts.2. Prepare the journal entries for the December transactions.3. Post the entries to the ledger using "page 12" as the journal reference.4. Prepare a trial balance as at Dec. 31, 2019.

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Required: 1. Enter the amounts from the November 2019 trial balance into the appropriate ledger accounts. 2. Prepare the journal entries for the December transactions. 3. Post the entries to the ledger using "page 12" as the journal reference.

Required: 1. Enter the amounts from the November 2019 trial balance into the appropriate ledger accounts. 2. Prepare the journal entries for the December transactions. 3. Post the entries to the ledger using "page 12" as the journal reference.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 2P: Balance Sheet without Amounts The following is an alphabetical list of all of While Limnology...

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