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Pls solve this. Frontier Park was started on April 1 by H. Hillenmeyer. The following selected events and transactions occurred during April. Apr. 1 Hillenmeyer
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Frontier Park was started on April 1 by H. Hillenmeyer. The following selected events and transactions occurred during April. Apr. 1 Hillenmeyer invested $35,000 cash in the business. 4 Purchased land costing $27,000 for cash. 8 Incurred advertising expense of $1,800 on account. 11 Paid salaries to employees $1,500. 12 Hired park manager at a salary of $4,000 per month, effective May 1. 13 Paid $1,650 cash for a one-year insurance policy. 17 Withdrew $1,000 cash for personal use. 20 Received $6,800 in cash for admission fees. 30 Paid $900 on balance owed for advertising incurred on April 8. 30 Paid secretary-receptionist $2,000 salary for the month. Instructions: (a) Journalize the transactions. (b) Post to the ledger accounts. (c) Prepare a trial balance on April 30, 2012Step by Step Solution
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