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Assignment Description The Super Hero Theme Park was started on January 1 of the current year by Dr. Strange. The following selected events and transactions
Assignment Description The Super Hero Theme Park was started on January 1 of the current year by Dr. Strange. The following selected events and transactions occurred during January 1-Jan Jack Strange, the owner, invested $50,000 in the business. 5-jan Purchased equipment for $100,000 on account from The Gotham Company 8-Jan Incurred advertising expense of $1,800 on account from Mr. Freeze Agency, 11.Jan Paid salaries to employees, $1,500 12.Jan Paid the cell phone bill, $200. 13-Jan Paid $1,500 for a 1-year Insurance policy. 17-Jan Jack Strange withdrew $600 cash for personal use. 20 jan Received $5,700 in cash for admission fees. 22.Jan Billed corporate customers $3,000 for using the park earlier today, 25-Jan Collected $2,500 from customers in advance of using the park 30-Jan Pald $700 on account for the advertising incurred back on January 8. The following accounts are used in the Super Hero Theme Park: Cash, Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Admission Revenue Jack Strange, Capital Jack Strange, Drawing DOLL 30-Jan Paid $700 on account for the advertising incurred back or The following accounts are used in the Super Hero Theme Park: . Cash, Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Admission Revenue Jack Strange, Capital Jack Strange, Drawing Admission Revenue Advertising Expense Salaries Expense Telephone Expense Complete the following: 1. Journalize the January transactions. 2. Post transactions to the General Ledger. 3. Prepare a Trial Balance. 4. Prepare an Income Statement. 5. Prepare a statement of Owner's Equity. 6. Prepare a Balance Sheet. Please submit your assignment. For assistance with your assignment, please use your text, Web resourc General Journal The Super hero theme park Date Ref Debit Credit January 1 Invest $50,000 January 5 January 8 January 11 Account Titles and Description J. Strange owner Invested Equipment Advertising Employees Salaries Cellphone expense $100,000. $ 1.800. $1,500 bill $200 January 12 January 13 1-year $1,500. Insurance Policy Personal use January 17 withdrew $600. January 20 cash $5,700 Received Admission fees January 22 Billed corporate park $3,000 Customers fee The Super Hero theme park Trial balance for January Trial balance for January Cash Accounts Receivable $5,700 Equipment $100,000 Accounts Payable $3,000 $2.500 $50,000. Unearned Admission Revenue Jack Strange, Capital Jack Strange, Drawing Admission Revenue Advertising Expense Salaries Expense Telephone Expense $600. $700 $1,800 $1,500 $200. Told $107.800. $58,200
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