Sun omepage -AC02001 PRI conpige Yenoo Search xCengagen Updates Not Instailled S

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Sun omepage -AC02001 PRI conpige Yenoo Search xCengagen Updates Not Instailled Some updates cou'd not Print Item Business Entity Concept Big Sky Sports sells hunting and fishing equipment and provides guided hunting and fishing trips. Big Sky Sports is owned and operated by oe Flannery, a well-known sports enthusiast and hunter. Joe's wife, Pam, owns and operates Glacier Boutique, a women's clothing store. Joe and Pam have established a trust fund to finance their children's college education. The trust fund is maintained by Kalispell State Bank in the name of the children, Trey and Brooke. a. For each of the following transactions, identify which of the entities listed should record the transaction in its records: Glacier Boutique Kalispell State Bank Big Sky Sports None of the above 1. Pam deposited a $2,000 personal check in the trust fund at Kalispell State Bank None of the above 2. Pam purchased two dozen spring dresses from a Spokane designer for a special spring sale. 3. Joe paid a breeder's fee for an English Springer Spaniel to be used as a hunting guide dog. None of the above 4. Pam authorized the trust fund to purchase mutual fund shares. None of the above s. Joe paid a local doctor for his annual physical, which was required by the workmen's compensation insurance policy carried by Big Sky 6. Received a cash advance from customers for a guided hunting trip. 7. Pam paid her dues to the YWCA inventory for a local charity auction for the benefit of a women's abuse shelter 8. Pam donated several dresses from Next Check My Work 2 more Check My Work uses remaining

Explanation / Answer

1) Kalispell State bank

2) Galcier Boutique

3) Big Sky Sports

4) None of the above

5) Big Sky Sports

6) Big Sky Sports

7) None of the above

8) Galcier Boutique

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