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July 6, 2015

Homework Help: Accounting

Posted by Jacob on Tuesday, February 5, 2013 at 11:43pm.

The business was started on April 1st.

I have the following events that happened: what accounts should I debit and credit?

1. Incurred advertising expense of $1,907 on account.

2. Hired park manager at a salary of $3,783 per month, effective May 1.

3. Sold 140 coupon books for $50 each. Each book contains 10 coupons that entitle the holder to one admission to the park.

4. Paid $755 on balance owed for advertising incurred on April 8.

Hopefully that is enough information.

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