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P2-1A  Frontier Park was started on April 1 by C. J. Mendez and associates. The line selected events and transactions occurred during April.  Apr. 1 Stockholders invested $40,000 silver in the business in exchange for common stock.  4 Purchased work 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 doctor of $4,000 per month, effective May 1.  13 Paid $1,500 property for a yearly insurance policy.  17 Declared and nonrecreational a $1,000 cash dividend.  20 Received $5,700 in cash for foundation fee fees.  25 Sold 100 coupon books for $25 each. distributively book contains 10 coupons that entitle the holder to 1 entree 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; cypher account payable; Unearne d admission price tax income; Common stock; Dividends; Admission Revenue; Advertising write off; and Salaries Expense.  Instructions  Journalize the April transactions. (If there is no transaction, enter No entry as the description and 0 for the amount.)  Date Description/ key out 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 cash dividend.) Apr. 20 (Received cash for services provided.) A! pr. 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, frame 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 hope to get a broad(a) essay, order it on our website: OrderCustomPaper.com

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