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Problem: Frontier Park was started on April 1 by C. J. Mendez. The following selected events a transactions occurred during April. Apr 1 Mendez invested
Problem: Frontier Park was started on April 1 by C. J. Mendez. The following selected events a transactions occurred during April. Apr 1 Mendez invested $40,000 cash in the business. 4 Purchased land costing $30,000 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 $1,500 cash for a one-year insurance policy. 17 Withdrew $1,000 cash for personal use. 20 Received $5,700 in cash for admission fees. 25 Sold 100 coupon books for $25 each. Each book contains 10 coupons that entitle the holder to one admission to the park. 30 Received $8,900 in cash admission fees. 30 Paid $900 on balance owed for advertising incurred on April 8. Mendez uses the following accounts: Cash Prepaid Insurance Land Accounts Payable Unearned Admission Revenue C. J. Mendez, Capital C. J. Mendez, Drawing Admission Revenue Advertising Expense Salaries Expense. Instructions: Journalize the transactions in the general journal
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