Assignment
The Super Hero Theme Park was started on January 1 of the current year by Dr. Strange. The following selected events and transactions occurred during January:
1-Jan Jack Strange, the owner, invested $50,000 in the business.
5-Jan Purchased equipment for $100,000 on account from The Gotham Company.
8-Jan Incurred advertising expense of $1,800 on account from Mr. Freeze Agency.
11-Jan Paid salaries to employees, $1,500
12-Jan Paid the cell phone bill, $200.
13-Jan Paid $1,500 for a 1-year insurance policy.
17-Jan Jack Strange withdrew $600 cash for personal use.
20-Jan Received $5,700 in cash for admission fees.
22-Jan Billed corporate customers $3,000 for using the park earlier today.
25-Jan Collected $2,500 from customers in advance of using the park.
30-Jan Paid $700 on account for the advertising incurred back on January 8.
The following accounts are used in the Super Hero Theme Park:
o Cash, Accounts Receivable
o Prepaid Insurance
o Equipment
o Accounts Payable
o Unearned Admission Revenue
o Jack Strange, Capital
o Jack Strange, Drawing
o Admission Revenue
o Advertising Expense
o Salaries Expense
o Telephone Expense
Complete the following:
• Journalize the January transactions.
• Post transactions to the General Ledger.
• Prepare a Trial Balance.
• Prepare an Income Statement.
• Prepare a Statement of Owner's Equity.
• Prepare a Balance Sheet.
Format your assignment according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
Attachment:- Template.rar