Nama: Daniella Angella

NIM: 01541200095

Evergreen Park Corp, was startedon April 1 by Susan and Bill Helms. The following selected events and
transactions occurredduring April.

April 1 Invested $100,000 cash in the business in exchange for common stock.

4 Purchased land costing $35,000 for cash.

8 Incurred advertising expense of $2,100on account.
11 Paid salaries to employees $1,200.

12 Hired park manager at a salary of $4,500 per month, effective May 1.

13 Paid $1,800 for a one-year insurance policy.

17 Declared and paid a $900 cash dividend.

20 Received $7,200 in cash for admission fees.

25 Sold 100 coupon books for $30 each. Each book contains 6 coupons that entitle the holder to
one admission to the park.

30 Received $6,200 in cash admission fees.

30 Paid $900 on account for advertising incurred on April 8.

Evergreen uses the following accounts: Cash; Prepaid Insuranse; Land; Accounts Payable;
Unearned Admissions; Common Stock; Dividends; Admission Revenue; Advertising Expense; Salaries
Expense.Instructions

a. Jouenalized the April transactions.

b. Post the April journal entries to the ledger. Assume that all entries are posted from page 1 of the
journal.
c. Prepare a trial balance on April 30, 2021
(a)

DATE PARTICULARS Dr ($) Cr ($)

April 1 Cash 100,00

Common Stock 100,00

4 Land 35,000

Cash 35,000

8 Advertising Expenses 2,100

Accounts Payable 2,100

11 Salaries Expenses 1,200

Cash 1,200

13 Prepaid Insurance 1,800

Cash 1,800

17 Dividend 900

Cash 900

20 Cash 7,200

Admission Revenue 7,200

25 Cash 3,000

Unearned Admission Revenue 3,000

30 Cash 6,200

Admission Revenue 6,200

30 Accounts payable 900

Cash 900
(b)

 Cash

Date Particulars Debit ($) Credit ($) Balance ($)

April 1 Common stock 100,000 - 100,000

4 Land - 35,000 65,000

11 Salaries Expenses - 1,200 63,800

13 Prepaid Insurance - 1,800 62,000

17 Dividend - 900 61,100

20 Admission Revenue 7,200 - 68,3 00

25 Unearned Admission 3,000 - 71,300

30 Admission Revenue 6,200 - 77,500

Accounts payable - 900 76,600

 Prepaid Insurance

Date Particulars Debit ($) Credit ($) Balance ($)

April 13 Cash 1,800 - 1,800

 Land

Date Particulars Debit ($) Credit ($) Balance ($)

April 4 Cash 35,000 - 35,000

 Accounts payable

Date Particulars Debit ($) Credit ($) Balance ($)

April 8 Advertising Expenses - 2,100 2,100

 30 Cash 900 - 1,200

 Unearned Admission

Date Particulars Debit ($) Credit ($) Balance ($)

April 25 Cash - 3,000 3,000

 Common Stock

Date Particulars Debit ($) Credit ($) Balance ($)

April 1 Cash - 100,000 100,0000

 Dividends

Date Particulars Debit ($) Credit ($) Balance ($)

April 17 Cash 900 - 900

 Admission Revenue

Date Particulars Debit ($) Credit ($) Balance ($)

April 20 Cash - 7,200

30 Cash - 6,200 13,400

 Advertising Expenses

Date Particulars Debit ($) Credit ($) Balance ($)

April 8 Accounts Payable 2,100 - 2,100

 Salaries Expenses

Date Particulars Debit ($) Credit ($) Balance ($)

April 11 Cash 1,200 - 1,200

(c)

EVERGREEN PARK CORP

Trial Balance

April 30 2020

Particulars Debit ($) Credit ($)

Cash 76,600

Prepaid Insuranse 1,800

Land 35,000

Accounts Payable 1,200

Unearned Admissions 3,000

Common Stock 100,000

Dividends 900

Admission Revenue 13,400

Advertising Expense 2,100

Salaries Expense 1,200

117,600 117,600