2. The Adventure Park was started on April 1 by Al Rosssy. The following events and transactions occurred during the April: April 1 Rosssy invested Tk. 60,000 cash in the business. 4 Purchase a Building for Tk.500, 000 of which only Tk 30,000 paid in cash and the remaining Amount is due Incurred advertising expenses of Tk. 1,800 which will not be paid until next month 11 Paid Tk. 1,500 for advertising expense. 12 Hired park manager at a salary of Tk. 4,000 per month and paid Tk 4000 as advance salary of May In the month of April. 13 Made an insurance policy for 3 years and paid Tk. 5000 cash for two years. 17 Withdrew Tk. 600 cash for personal use. 20 Earned Tk. 5,700 for admission fees but not yet received 8 25 Sold 100 coupon books for Tk. 20.00 each. Each book contains 10 coupons that Entitled the holder to one admission to the Park. 25. Service provided Tk 10000 of which only Tk 2000 received in cash 30 Cash paid to creditor Tk 5000 which was payable previously 30 Received Tk. 20000 cash from advance revenue from M .Welk Company Requirement: a. Journalize the transactions. b. Post the journal entries to ledger [Control Ledger Accounts are Cash, Accounts Payable, and Service Revenue]
2. The Adventure Park was started on April 1 by Al Rosssy. The following events and transactions occurred during the April: April 1 Rosssy invested Tk. 60,000 cash in the business. 4 Purchase a Building for Tk.500, 000 of which only Tk 30,000 paid in cash and the remaining Amount is due Incurred advertising expenses of Tk. 1,800 which will not be paid until next month 11 Paid Tk. 1,500 for advertising expense. 12 Hired park manager at a salary of Tk. 4,000 per month and paid Tk 4000 as advance salary of May In the month of April. 13 Made an insurance policy for 3 years and paid Tk. 5000 cash for two years. 17 Withdrew Tk. 600 cash for personal use. 20 Earned Tk. 5,700 for admission fees but not yet received 8 25 Sold 100 coupon books for Tk. 20.00 each. Each book contains 10 coupons that Entitled the holder to one admission to the Park. 25. Service provided Tk 10000 of which only Tk 2000 received in cash 30 Cash paid to creditor Tk 5000 which was payable previously 30 Received Tk. 20000 cash from advance revenue from M .Welk Company Requirement: a. Journalize the transactions. b. Post the journal entries to ledger [Control Ledger Accounts are Cash, Accounts Payable, and Service Revenue]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![2. The Adventure Park was started on April 1 by Al Rosssy. The following events and transactions
occurred during the April:
April 1 Rosssy invested Tk. 60,000 cash in the business.
4
Purchase a Building for Tk.500, 000 of which only Tk 30,000 paid in cash and the
remaining
Amount is due
Incurred advertising expenses of Tk. 1,800 which will not be paid until next month
Paid Tk. 1,500 for advertising expense.
11
12 Hired park manager at a salary of Tk. 4,000 per month and paid Tk 4000 as advance salary
of May
In the month of April.
13 Made an insurance policy for 3 years and paid Tk. 5000 cash for two years.
17 Withdrew Tk. 600 cash for personal use.
20 Earned Tk. 5,700 for admission fees but not yet received
Sold 100 coupon books for Tk. 20.00 each. Each book contains 10 coupons that
25
Entitled the holder to one admission to the Park.
25.
Service provided Tk 10000 of which only Tk 2000 received in cash
30 Cash paid to creditor Tk 5000 which was payable previously
30 Received Tk. 20000 cash from advance revenue from M .Welk Company
Requirement:
a. Journalize the transactions.
b. Post the journal entries to ledger [Control Ledger Accounts are Cash, Accounts Payable, and
Service Revenue]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2741cad0-1714-4f20-88e0-b85feed251a9%2F7f95d401-f1f3-4238-bbe6-ac1124558fed%2Fmclilc8_processed.png&w=3840&q=75)
Transcribed Image Text:2. The Adventure Park was started on April 1 by Al Rosssy. The following events and transactions
occurred during the April:
April 1 Rosssy invested Tk. 60,000 cash in the business.
4
Purchase a Building for Tk.500, 000 of which only Tk 30,000 paid in cash and the
remaining
Amount is due
Incurred advertising expenses of Tk. 1,800 which will not be paid until next month
Paid Tk. 1,500 for advertising expense.
11
12 Hired park manager at a salary of Tk. 4,000 per month and paid Tk 4000 as advance salary
of May
In the month of April.
13 Made an insurance policy for 3 years and paid Tk. 5000 cash for two years.
17 Withdrew Tk. 600 cash for personal use.
20 Earned Tk. 5,700 for admission fees but not yet received
Sold 100 coupon books for Tk. 20.00 each. Each book contains 10 coupons that
25
Entitled the holder to one admission to the Park.
25.
Service provided Tk 10000 of which only Tk 2000 received in cash
30 Cash paid to creditor Tk 5000 which was payable previously
30 Received Tk. 20000 cash from advance revenue from M .Welk Company
Requirement:
a. Journalize the transactions.
b. Post the journal entries to ledger [Control Ledger Accounts are Cash, Accounts Payable, and
Service Revenue]
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