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3) Question: Frontier Park was started on April by C.J. Mendez. The following selected events and transactions occurred during April April. 1 Invested $40,000 cash
3) Question: Frontier Park was started on April by C.J. Mendez. The following selected events and transactions occurred during April April. 1 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 $1500. 12 Hired park manager at salary of $4000 per month, effective May 1. 13 Paid $1500 cash for a one year insurance policy. 17 Withdrew $1,000 cash for personal use. 20 Received $5,700 in cash for admission fees revenue. 25 Sold 100 coupon books for $25 each(admission revenue). 30 Received 8,900 in cash admission fees. 30 Paid $900 on balance payable for advertising incurred on April 8. Instructions: a. Record transactions above in general journal & post to Ledger b. Prepare trial balance
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