Question: Problem 2-1A Grandview Park was started on Apni 1 by R. S. Prands and associates. The following selected events and transactions occurred during April Apr.


Problem 2-1A Grandview Park was started on Apni 1 by R. S. Prands and associates. The following selected events and transactions occurred during April Apr. 1 4 8 11 12 13 17 20 25 30 30 Stockholders invested $50,400 cash in the business in exchange for common stock. Purchased and costing $30,900 for cash. incurred advertising expense of $1,900 on account. Paid salaries to employees $1,290. Hired park manager at a salary of $5,000 per month, effective May 1 Paid $1,090 cash for a one-year insurance policy. Dedared and paid a $1,650 cash dividend. Received $6,500 in cash for admission fees Sold 181 coupon books for $50 each. Each book contains 10 coupons that entitle the holder to one admission to the park Received $8,700 in cash admission fees. Paid $700 on balance owed for advertising incurred on April 8. Grandview uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable. Uneared Service Revenue, Common Stock Dividends, Service Revenue, Advertising Expense, and Salaries and wages Expense. Journalize the April transactions. (Credit account thesare automatically Indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts. Date Account Titles and Explanation Apr. 1 Apr. 4 Apr. 8 Apr. 11 - Apr. 12 Apr. 13 Apr. 17 Apr. 20 Apr. 17 - Apr. 20 Apr. 25 Apr. 30 (Received cash for services provided) Apr. 30 (Paid creditor on account)
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