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]

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 11EB: Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from...

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D1.
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