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4/7 Supplies No. 126 4,100 4/12 600 4/4 2,500 4/30 600 Accounts Payable No. 201 Salaries Expense No. 726 4/25 1,500 | 4/4 2,500 4/15
4/7 Supplies No. 126 4,100 4/12 600 4/4 2,500 4/30 600 Accounts Payable No. 201 Salaries Expense No. 726 4/25 1,500 | 4/4 2,500 4/15 900 Instructions (a) Prepare the complete general journal entries (including explanations) from which the postings to Cash were made. (b) Prepare a trial balance at April 30, 2008. \3-8Evergreen Campground was started on June 1 by Jolene and David Collier. The follow- ing 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. 0 8 Incurred advertising expense of $3,500 on account. transac- Exerc 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; Un earned Admissions; Common Stock; Admission Revenue; Advertising Expense; and Salaries Ex- pense. Instructions Journalize the April transactions. 3-9 Alyson Clark is a licensed incorporated CPA. During the first month of operations of the Journalize trar and prepare a (SO 2,4,6, business, the following events and transactions occurred: Sept. 1 2 Invested $40,000 cash in exchange for common stock. Hired a secretary-receptionist at a salary of $2,480 per month. alior on account from Ross Supply Company
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