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.
0 answers