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.

No one has answered this question yet.

Answer this Question

Related Questions

accounting - Linking debit or credit with normal balance C5 Indicate whether a ...
accounting-explain - April.4 purhcase merchandise from RediX, Inc.,$1900;term 2/...
finance - can someone correct these for me when you have a few minutes i'll ...
bookkeeping - suppose your business caters a party august 23.according to the ...
accounting - Is there a method of determining if you debit or credit an account...
Accounting - Please double check me. Indicate whether a debit or credit ...
Accounting - Please check me - Indicate whether a debit or credit decreases the ...
accounting - Anzlyzing financial statement effects of accounting for bad debits ...
Accounting - I am having a technical problem using Simply Accounting 2008 (...
Accounting - I am having a technical problem using Simply Accounting 2008 (...

For Further Reading

First Name:
School Subject:
Answer: