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thank youuu # Account # Account # Account 10 Cash 20 Accounts payable 40 Ride revenue Advertising Accounts 11 receivable 21 Wages payable 51 expense
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# Account # Account # Account 10 Cash 20 Accounts payable 40 Ride revenue Advertising Accounts 11 receivable 21 Wages payable 51 expense Unearned 12 Supplies 22 52 Rent expense revenue 13 Prepaid rent 23 Notes payable 53 Wage expense 14 Equipment 30 Common stock Maintenance 54 expense 15 Vehicles Insurance 31 Retained earnings 55 expense 16 Hot air balloons 32 Dividends Transaction Accounts) Debited Account(s) Credited Date Issued 20,000 shares of common stock to investors in exchange for $75,000 cash and April 1 equipment valued at $25,000. Rented space in the Indy's City Market, paying 3 $4,000 for 4 months of rent. Ordered advertising brochures, $750. Purchased a new hot air balloon for $50,000, 7 signing a 5% note payable, due in 3 years. Paid $3,500 cash for safety equipment. Received a $500 deposit from a tour group to 10 reserve tickets for a May 15th ride. Received the advertising brochures ordered 15 on the 5th. The $750 invoice will be paid in 30 days. Received a bill for routine maintenance, $800 23 performed in April. Payment is due in 30 days. Received the advertising brochures ordered 15 on the 5th. The $750 invoice will be paid in 30 days. Received a bill for routine maintenance, $800 23 performed in April. Payment is due in 30 days. 29 Paid employees $9,000 wages for April. Passengers paid $8,500 in cash and $6,000 on 30 account for hot air balloon rides during April. Instructions Step by Step Solution
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