Question
Gentle park was started on April 1 by M.J. Liz. The following selected events and transactions occurred during November. November 1- Liz invested Tk. 40,000
Gentle park was started on April 1 by M.J. Liz. The following selected events and transactions occurred during November. November 1- Liz invested Tk. 40,000 cash in the business. 4- Purchased land costing Tk. 30,000 for cash. 8- Incurred advertising expense of Tk. 1,800 on account. 11- Paid salaries to employee Tk. 1,500. 12- Hired park manager at a salary of Tk. 4,000 per month, effective December 1. 13- Paid Tk. 1,500 cash for a one-year insurance policy. 17- Withdraw Tk. 1,000 cash for personal use. 20- Received Tk. 5,700 in cash for admission fees. 25-Sold 100 coupon books for each Tk. 25. Each book contains 10 coupons that entitle the holder to one admission to the park. 30- Paid Tk. 900 on balance owed for advertising incurred on November 8. Instructions: i) Journalize the transactions. ii) Post the November journal entries to the ledger.
plz i need it so urgent!! after half hour my deadline plz show step by step.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started