Homework Help Question & Answers

this is an assignment to create journals for the 11 transactions in Prob 2-1A. This problem...


P2-1A Grandview Park was started on April 1 by R. S. Francis and associates. The follow- ing selected events and transactions
this is an assignment to create journals for the 11 transactions in Prob 2-1A. This problem describes a Park, like Great Americas do for the Apr 25th transaction, you the park is selling an advance ticket book. Also Apr 12th is no transaction.
P2-1A Grandview Park was started on April 1 by R. S. Francis and associates. The follow- ing selected events and transactions occurred during April. Apr. 1 Stockholders invested $50,000 cash in the business in exchange for common stock. 4 Purchased land costing $34,000 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 $3,500 per month, effective May 1. 13 Paid $2,400 cash for a one-year insurance policy. 17 Declared and paid a $1,400 cash dividend. 20 Received $5,700 in cash for admission fees. 25 Sold 100 coupon books for $30 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 $840 on balance owed for advertising incurred on April 8. Grandview uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Pay- able, Unearned Service Revenue, Common Stock, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions
0 0
Next > < Previous
Answer

This Homework Help Question: "this is an assignment to create journals for the 11 transactions in Prob 2-1A. This problem..." No answers yet.

Be the First!

Request Answer

Request answer!

We need 10 more requests to produce the answer to this homework help question. Share with your friends to get the answer faster!

0 /10 have requested the answer to this homework help question.

Request! (Login Required) Share with friends


Once 10 people have made a request, the answer to this question will be available in 1-2 days.
All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer of:
this is an assignment to create journals for the 11 transactions in Prob 2-1A. This problem...
Your Answer: Your Name: What's your source?
Similar Homework Help Questions
  • P2-1A Frontier Park was started on April 1 by C

    P2-1AFrontier Park was started on April 1 by C. J. Mendez and associates. The following selected events and transactions occurred during April.Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock.4 Purchased land costing $30,000 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 $1,500 cash for a one-year insurance policy.17 Declared and paid a $1,000 cash...

  • Problem: Frontier Park was started on April 1 by C. J. Mendez. The following selected events...

    Problem: Frontier Park was started on April 1 by C. J. Mendez. The following selected events a transactions occurred during April. Apr 1 Mendez invested $40,000 cash in the business. 4 Purchased land costing $30,000 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 $1,500 cash for a one-year insurance policy. 17 Withdrew $1,000 cash for personal...

  • Problem: Frontier Park was started on April 1 by C. J. Mendez. The following selected ever...

    Problem: Frontier Park was started on April 1 by C. J. Mendez. The following selected ever transactions occurred during April. Apr 1 Mendez invested $40,000 cash in the business. 4 Purchased land costing $30,000 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 13 Paid $1,500 cash for a one-year insurance policy. 17 Withdrew $1,000 cash for personal use. 20...

  • Financial Accounting

    Frontier Park was started on April 1 by C. J. Mendez and associates. The following selectedevents and transactions occurred during April.Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock.4 Purchased land costing $30,000 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 $1,500 cash for a one-year insurance policy.17 Declared and paid a $1,000 cash dividend.20...

  • Accounting

    Frontier Park was started on April 1 by C. J. Mendez and associates. The following selectedevents and transactions occurred during April.Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock.4 Purchased land costing $30,000 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 $1,500 cash for a one-year insurance policy.17 Declared and paid a $1,000 cash dividend.20...

  • Question 3 of 7 < > -11 View Policies Current Attempt in Progress Monty Corp. was...

    Question 3 of 7 < > -11 View Policies Current Attempt in Progress Monty Corp. was started on April 1 by R. S. Francis and associates. The following selected events and transactions occurred during April Apr. 1 4 8 11 12 13 Stockholders invested $49,300 cash in the business in exchange for common stock. Purchased land costing $29,300 for cash. Incurred advertising expense of $1,860 on account. Paid salaries to employees $1.950. Hired park manager at a salary of $5,000...

  • Mendez invested Dhs ------------------ cash and Equipments ------------------------- in the business

    Mendez invested Dhs ------------------ cash and Equipments ------------------------- in the business.4Purchased land costing Dhs ------------------------ for cash.8Incurred advertising expense of Dhs -------------------- on account.11Paid salaries to employees Dhs -----------------.12Hired park manager at a salary of Dhs --------------------- per month, effective May 1.13Paid Dhs ------------- cash for a one-year insurance policy.17Withdrew Dh -------------------- cash for personal use.20Received Dhs ---------------------- in cash for admission fees.25Sold 100 coupon books for Dhs---------------- each. Each book contains 10 coupons that entitle the holder to one...

  • PROBLEMS: SET A Journalise a series of Transactions. (LO 1,2) GLS P2-1A Holz Disc Golf Course...

    PROBLEMS: SET A Journalise a series of Transactions. (LO 1,2) GLS P2-1A Holz Disc Golf Course was opened on March 1 by lan Holz. The following selected events and transactions occurred during March. Mar.1 Invested $20,000 cash in the business. 3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $12,000, shed $2,000, and equipment $1,000. (Make one compound entry.) 5 Paid advertising expenses of $900. 6 Paid cash $600 for a one-year insurance policy. 10 Purchased...

  • Frontier Park and Jane Kent CPA

    Journalize a series of transactions.1 Stockholders invested $40,000 cash in the business in exchange for common stock.4 Purchased land costing $30,000 for cash.8 Incurred advertising expense of $1,800 on account.11 Paid salaries to employee $1,500.12 Hired park manager at a salary of $4,000 per month, effective May 1.13 Paid $1,500 cash for a one year insurance policy.17 Declared and paid a $1,000 cash dividend.20 Received $5,700 in cash for admission fees.25 Sold 100 coupon books for $25 each. Each book...

  • Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions...

    Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...

Free Homework App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.