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P2-1A  Frontier Park was started on April 1 by C. J. Mendez and associates. The pursuance selected events and transactions occurred during April.  Apr. 1 Stockholders invested $40,000 silver in the business in exchange for common stock.  4 Purchased prop costing $30,000 for capital.  8 Incurred advertising outlay of $1,800 on account.  11 Paid salaries to employees $1,500.  12 Hired park manager at a remediate of $4,000 per month, effective May 1.  13 Paid $1,500 immediate payment for a yearly insurance policy.  17 Declared and salaried a $1,000 cash dividend.  20 Received $5,700 in cash for entering fee fees.  25 Sold 100 coupon books for $25 each. distributively book contains 10 coupons that entitle the holder to single entrance to the park.  30 Received $8,900 in cash admission fees.  30 Paid $900 on balance owed for advertising incurred on April 8.  Mendez uses the by-line accounts: Cash; Prepaid Insurance; Land; scotch account pa yable; Unearned admission price taxation; Common stock; Dividends; Admission Revenue; Advertising expense; and Salaries Expense.  Instructions  Journalize the April transactions. (If there is no transaction, enter No institution as the description and 0 for the amount.)  Date Description/ sum up Debit Credit  Apr. 1 (Issued shares of stock for cash.) Apr. 4 (Purchased land for cash.) Apr. 8 (Incurred advertising expense on account.) Apr.

11 (Paid salaries.) Apr. 12 (Hired park manager.) Apr. 13 (Paid for one-year insurance policy.) Apr. 17 (Declared and paid cas h dividend.) Apr. 20 (Received cash fo! r services provided.) Apr. 25 (Received cash for future services.) Apr. 30 (Received cash for services provided.) Apr. 30 (Paid creditor on account.) Link to text 1Link to Text 2| * College Accounting - David, Sunday, prove 20, 2011 at 8:08pm Apr. 1 Cash $40,000.00 Capital $40,000.00  Apr. 4 Land $30,000.00 Cash $30,000.00  Apr. 8 Advertising $1,800.00 Accounts Payable $1,800.00 ...If you lack to get a broad(a) essay, order it on our website: OrderCustomPaper.com

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