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
