Monty Park was started on April $1$ ?by R$.$ ?S$.$ ?Francis and associates. The following selected events and transactions occurred during April.

Apr. $1$ ?Stockholders invested $$49,300$ ?cash in the business in exchange for common stock.

$4$ ?Purchased land costing $$29,300$ ?for cash.

$8$ ?Incurred advertising expense of $$1,860$ ?on account.

$11$ ?Paid salaries to employees $$1,950.$

$12$ ?Hired park manager at a salary of $$5,000$ ?per month, effective May $1.$

$13$ ?Paid $$1,120$ ?cash for a one$-$year insurance policy.

$17$ ?Declared and paid a $$1,600$ ?cash dividend.

$20$ ?Received $$5,900$ ?in cash for admission fees.

$25$ ?Sold $196$ ?coupon books for $$30$ ?each. Each book contains $10$ ?coupons that entitle the holder to one admission to the park.

$30$ ?Received $$8,900$ ?in cash admission fees.

$30$ ?Paid $$610$ ?on balance owed for advertising incurred on April $8.$

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Account Titles and Explanation Debit Credit amounts. List all debit entries be Date > (Received cash for services provided) (Paid creditor on account) Account Titles and Explanation Debit Credit amounts. List all debit entries be Date > (Received cash for services provided) (Paid creditor on account)

Answer rating: 100% (QA)

Date Account Titles and Explanation Debit Credit Apr 1 Cash Common Stock 49300 Common Stock ... View the full answer