Admissions, Common Stock, Dividends, Admission Revenue, Advertising Expense, and Salaries Expense.The company uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, UnearnedFoster started Trenton Park Corporation on June 1. The selected transactions given below occurred during June.1. Stockholders invested $60.000 cash in the business in exchange for common stock.2. Purchase land for cash costing $30,0003. Incurred advertising expense for $1,800 on account.4. Paid $3,000 for a 1-year insurance policy5. Paid $600 for cash dividends6. Received $7,900 in cash admission fees.7. Paid $700 on account for advertising incurred in transaction 3.Journalize the transactions. Explanations are not required.CreditDebitAccount Titles1.

Name: Admissions, Common Stock, Dividends, Admission Revenue, Advertising E
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Description: Admissions, Common Stock, Dividends, Admission Revenue, Advertising Expense, and Salaries Expense.The company uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, UnearnedFoster started Trenton Park Corporation on June 1. Th

These are the accounting transactions that are having a monetary impact on the financial statement…

Business

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öster started Trenton Park Corporation on June 1. The selected t The The company uses the following accounts: Cash, Prepaid Insuran Admissions, Common Stock. Dividends, Admission Revenue, Ac 1. Stockholders invested $60.000 cash in the business in exchang 2. Purchase land for cash costing $30,000 3. Incurred advertising expense for $1,800 on account. 4. Paid $3,000 for a 1-year insurance policy 5. Paid $600 for cash dividends 5. Received $7,900 in cash admission fees. 7. Paid $700

öster started Trenton Park Corporation on June 1. The selected t The The company uses the following accounts: Cash, Prepaid Insuran Admissions, Common Stock. Dividends, Admission Revenue, Ac 1. Stockholders invested $60.000 cash in the business in exchang 2. Purchase land for cash costing $30,000 3. Incurred advertising expense for $1,800 on account. 4. Paid $3,000 for a 1-year insurance policy 5. Paid $600 for cash dividends 5. Received $7,900 in cash admission fees. 7. Paid $700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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