Scribd Logo
Upload

Welcome to Scribd!

  • 21 views

    Beefeaters RV Park Was Started On April 1 by Sarah

    Uploaded by

    trilocksp Singh
    Beefeaters RV Park was started on April 1st by Sarah Rhodes. During the month of April, the company received $100,000 from stockholders in exchange for common stock. They purchased land for $250,000 and advertising for $1,200. Salaries of $3,000 were paid to employees. A park manager was hired at $3,600 per month starting May 1st. Insurance of $7,200 was purchased for one year. $600 in dividends were paid out and admission fees of $6,000 and $7,900 were received from customers. Coupon books worth $9,000 were also sold.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Beefeaters RV Park Was Started On April 1 by Sarah

    Uploaded by

    trilocksp Singh
    21 views1 page
    Beefeaters RV Park was started on April 1st by Sarah Rhodes. During the month of April, the company received $100,000 from stockholders in exchange for common stock. They purchased land for $250,000 and advertising for $1,200. Salaries of $3,000 were paid to employees. A park manager was hired at $3,600 per month starting May 1st. Insurance of $7,200 was purchased for one year. $600 in dividends were paid out and admission fees of $6,000 and $7,900 were received from customers. Coupon books worth $9,000 were also sold.

    Original Description:

    upload

    Original Title

    Beefeaters Rv Park Was Started on April 1 by Sarah

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Beefeaters RV Park was started on April 1st by Sarah Rhodes. During the month of April, the company received $100,000 from stockholders in exchange for common stock. They purchased land for $250,000 and advertising for $1,200. Salaries of $3,000 were paid to employees. A park manager was hired at $3,600 per month starting May 1st. Insurance of $7,200 was purchased for one year. $600 in dividends were paid out and admission fees of $6,000 and $7,900 were received from customers. Coupon books worth $9,000 were also sold.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views1 page

    Beefeaters RV Park Was Started On April 1 by Sarah

    Uploaded by

    trilocksp Singh
    Beefeaters RV Park was started on April 1st by Sarah Rhodes. During the month of April, the company received $100,000 from stockholders in exchange for common stock. They purchased land for $250,000 and advertising for $1,200. Salaries of $3,000 were paid to employees. A park manager was hired at $3,600 per month starting May 1st. Insurance of $7,200 was purchased for one year. $600 in dividends were paid out and admission fees of $6,000 and $7,900 were received from customers. Coupon books worth $9,000 were also sold.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Beefeaters RV Park was started on April 1 by Sarah

    Beefeaters RV Park was started on April 1 by Sarah Rhodes. These selected events and
    transactions occurred during April.Apr. 1 Stockholders invested $100,000 cash in the business
    in exchange for common stock. 4 Purchased land costing $250,000 for cash. 8 Purchased
    advertising in local newspaper for $1,200 on account. 11 Paid salaries to employees $3,000. 12
    Hired park manager at a salary of $3,600 per month, effective May 1. 13 Paid $7,200 for a
    1-year insurance policy. 17 Paid $600 cash dividends. 20 Received $6,000 in cash from
    customers for admission fees. 25 Sold 100 coupon books for $90 each. Each book contains ten
    coupons that entitle the holder to one admission to the park. 30 Received $7,900 in cash from
    customers for admission fees. 30 Paid $400 of the balance owed for the advertising purchased
    on account on April8.The company uses the following accounts: Cash, Prepaid Insurance,
    Land, Accounts Payable, Unearned Service Revenue, Common Stock, Dividends, Service
    Revenue, Advertising Expense, and Salaries and Wages Expense.InstructionsJournalize the
    April transactions, including explanations. View Solution:
    Beefeaters RV Park was started on April 1 by Sarah
    SOLUTION-- http://solutiondone.online/downloads/beefeaters-rv-park-was-started-on-april-1-by-
    sarah/

    Unlock answers here solutiondone.online


    Powered by TCPDF (www.tcpdf.org)

    You might also like