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Homework Question 9 of 10 > -/1 Cullumber Park was started on April by R.S. Francis and associates. The following selected events and transactions occurred
Homework Question 9 of 10 > -/1 Cullumber Park was started on April by R.S. Francis and associates. The following selected events and transactions occurred during April Apr. 1 8 11 12 13 17 Stockholders invested $40.000 cash in the business in exchange for common stock Purchased and costing $20.000 for cash incurred advertising expense of $1500 on account Paid salaries to employees $1,200 Hired parkmanager at a salary of $3,000 per month effective May 1 Paid $1.000 cash for one year iurance policy Declared and paid a $1,000 cash dividend Received $4,700 in cash for admission fees Sold 100 coupon books for $30each. Each book contains 10 coupons that entitle the hotter to one admission to the park Received $7,900 in cash admission fees Paid $400 on balance owed for advertisincurred on April 20 25 30 Cullumber uses the following accounts: Cash, Prepaid Insurance Land Accounts Payable, Uncanned Service Revenue Common Stock Dividends. Service Revenue Advertising Expense, and Salaries and Wages Expert Journalive the April transactions (Credit accountitiese automatically indented when the amount is entered. Do not indent manually
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