Question
Directions: Journalize the April transactions Atlanta Golf course was opened on April 1 By Kenneth Armstrong and associates. The following selected events and transactions occurred
Directions: Journalize the April transactions
Atlanta Golf course was opened on April 1 By Kenneth Armstrong and associates. The following selected events and transactions occurred during April:
April 1. Stockholders Invested $60,000cash in the business in Exchange for common stock.
- Purchased Jake Golf land for $38,000 cash. The price consists of land $26,000, shed $8,000, and equipment $4,000. (make one compound entry.)
5. Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,600
6. Paid cash $3,800 for a one-year insurance policy.
10. Purchased golf disk and other equipment for $1,050 from wheeler company payable in 30 days.
18. Received $420 in cash for golf fees.
19. sold 100 coupon books for $18 each. Each book contains 4 coupons that enables the holder to play one round of disc golf
25. Declared and paid an $800 cash dividend
30. Paid salaries of $280
30. Paid Wheeler Company in full
31. Received $200 cash for golf fees
Use the following for account title: Cash, prepaid insurance, Land, Building, Equipment, Account payable, Unearned service Revenue, Common stock, Dividends, Service Revenue, Advertising expense, and salaries and wages Expense.
Date Account titles Debit Credit
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