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Tara s Treasure Trove was started on April 1 by Tara. The following selected events and transactions occurred during April. Apr. 1 Tara invested $
Taras Treasure Trove was started on April by Tara. The following selected events and transactions occurred during April.
Apr. Tara invested $ cash in the business.
Purchased land costing $ for cash.
Incurred advertising expense of $ on account.
Paid salaries to employees $
Hired park manager at a salary of $ per month, effective May
Paid $ cash for a oneyear insurance policy.
Withdrew $ cash for personal use.
Received $ in cash for admission fees.
Sold coupon books for $ each. Each book contains coupons that entitle the holder to one admission to the park.
Received $ in cash admission fees.
Paid $ on balance owed for advertising incurred on April
Taras Treasure Trove uses the following accounts:
Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Owners Capital, Owners Drawings, Service Revenue, Advertising Expense, and Salaries and Wages Expense.
Instructions
Journalize the April transactions.
Update the LEDGERS...the Beginning Balances for each Account $
Prepare a Trial Balance
Prepare the Income Statement, Statement of Owners Equity and The Balance Sheet
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