Student Name:

Class:
Problem 2-1A

Date Explanation Debit Credit

1-Apr Cash 40,000

C.J. Mendez, Capital 40,000

4-Apr Land 30,000

Cash 30,000
8-Apr Advertising Expense 1,800

Accounts payable 1,800

11-Apr Salaries Expense 1,500

Accounts payable 1,500

12-Apr No transaction needed

(hired park manager effective may1)

13-Apr Prepaid insurance 1,500

Cash 1,500
17-Apr C.J. Mendez, Drawing 1,000

Cash 1,000
20-Apr Admission Revenue 5,700

Cash 5,700
25-Apr Unearned Admission Revenue 2,500

accounts payable 2,500

30-Apr Admission revenue 8,900

Cash 8,900
30-Apr
Chart of Accounts:
Cash
Prepaid Insurance
Land
Accounts Payable
Unearned Admission Revenue
C.J. Mendez, Capital
C.J. Mendez, Drawing
Admission Revenue
Advertising Expense
Salaries Expense
No Transaction Needed