Frontier Park was started on April 1 by H. Hillenmeyer. The following selected events and transactions occurred during April.
|
Apr. |
1 |
Hillenmeyer invested $35,000 cash in the business. |
|
4 |
Purchased land costing $27,000 for cash. |
|
|
8 |
Incurred advertising expense of $1,800 on account. |
|
|
11 |
Paid salaries to employees $1,500. |
|
|
12 |
Hired park manager at a salary of $4,000 per month, effective May 1. |
|
|
13 |
Paid $1,650 cash for a one year insurance policy. |
|
|
17 |
Withdrew $1,000 cash for personal use. |
|
|
20 |
Received $6,800 in cash for admission fees. |
|
|
25 |
Sold 100 coupon books for $25 each. Each book contains 10 coupons that entitle the |
|
|
holder to one admission to the park. |
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|
30 |
Received $8,900 in cash admission fees. |
|
|
30 |
Paid $900 on balance owed for advertising incurred on April 8. |
Instructions
Journalize the April transactions.