Accounting homework help

Accounting homework help.

Frontier Park was started on April 1 by M. Preston. The following selected events and transactions occurred during April.
Apr.  1  Preston 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.
30  Received $8,900 in cash admission fees.
30  Paid $900 on balance owed for advertising incurred on April 8.
Frontier Park uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Owner’s Capital, Owner’s Drawings, Service Revenue, Advertising Expense, and Salaries and Wages Expense.
Journalize the April transactions (not post).

Accounting homework help


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