Solution-Instructions journalize the april transactions

Instructions journalize the april transactions

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Reference no: EM13550334

Evergreen Campground was started on June 1 by Jolene and David Collier. The following selected events and transactions occurred during June.

June 1	Invested $150,000 cash in the business in exchange for common stock.
4	Purchased land costing $40,000 for cash.
8	Incurred advertising expense of $3,500 on account.
11	Paid salaries to employees $1,500.
12	Hired Campground manager at a salary of $5,000 per month, effective July 15.
13	Paid $2,000 for a one-year insurance policy.
20	Received $9,000 in cash for admission fees.
30	Received $5,000 in cash for admission fees.
30	Paid $1,000 on account for advertising incurred on June 8.

Evergreen uses the following accounts: Cash; Prepaid Insurance; Land; Accounts Payable; Unearned Admissions; Common mission Revenue Advertising Expense; and Salaries Expense.

Instructions Journalize the April transactions.

Reference no: EM13550334

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Instructions journalize the april transactions

Reference no: EM13550334

Reference no: EM13550334

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