Bechler Sports sells hunting and fishing equipment and

provides
Bechler Sports sells hunting and fishing equipment and provides guided hunting and fishing
trips. Bechler Sports is owned and operated by Lefty Wisman, a well-known sports enthusiast
and hunter. Lefty’s wife, Betsy, owns and operates Eagle Boutique, a women’s clothing store.
Lefty and Betsy have established a trust fund to finance their children’s college education. The
trust fund is maintained by First Montana Bank in the name of the children, Jeff and Steph. For
each of the following transactions, identify which of the entities listed should record the
transaction in its records.Entities__________________________B ....... Bechler SportsF .......
First Montana BankE ....... Eagle BoutiqueX ....... None of the above1. Lefty paid a local doctor
for his annual physical, which was required by the workmen’s compensation insurance policy
carried by Bechler Sports.2. Lefty received a cash advance from customers for a guided hunting
trip.3. Betsy purchased two dozen spring dresses from a Billings (MT) designer for a special
spring sale.4. Betsy deposited a $2,000 personal check in the trust fund at First Montana
Bank.5. Lefty paid for an advertisement in a hunters’ magazine.6. Betsy purchased mutual fund
shares as an investment for the children’s trust.7. Lefty paid for dinner and a movie to celebrate
their twentieth wedding anniversary.8. Betsy donated several dresses from inventory for a local
charity auction for the benefit of a women’s abuse shelter.9. Betsy paid her dues to the
YWCA.10. Lefty paid a breeder’s fee for an English springer spaniel to be used as a hunting
guide dog.View Solution:
Bechler Sports sells hunting and fishing equipment and provides
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equipment-and-provides/

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