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  • p2 1a Student

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    simonroig
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    This document contains accounting transactions from April 1-30 for C.J. Mendez including an initial capital investment of $40,000 from C.J. Mendez. Various expenses such as advertising, salaries, and insurance were recorded. C.J. Mendez also took a $1,000 drawing. The chart of accounts is listed at the bottom including accounts for cash, prepaid insurance, land, accounts payable, and capital and drawing accounts for the owner, C.J. Mendez.

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    This document contains accounting transactions from April 1-30 for C.J. Mendez including an initial capital investment of $40,000 from C.J. Mendez. Various expenses such as advertising, salaries, and insurance were recorded. C.J. Mendez also took a $1,000 drawing. The chart of accounts is listed at the bottom including accounts for cash, prepaid insurance, land, accounts payable, and capital and drawing accounts for the owner, C.J. Mendez.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS or read online from Scribd
    Flag for inappropriate content
    16 views2 pages

    p2 1a Student

    Uploaded by

    simonroig
    This document contains accounting transactions from April 1-30 for C.J. Mendez including an initial capital investment of $40,000 from C.J. Mendez. Various expenses such as advertising, salaries, and insurance were recorded. C.J. Mendez also took a $1,000 drawing. The chart of accounts is listed at the bottom including accounts for cash, prepaid insurance, land, accounts payable, and capital and drawing accounts for the owner, C.J. Mendez.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS or read online from Scribd
    Flag for inappropriate content
    of 2

    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

    25-Apr

    30-Apr

    30-Apr
    investment 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

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