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Accounting

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:

Cash, Accounts Receivable
Prepaid Insurance
Equipment
Accounts Payable
Unearned Admission Revenue
Jack Strange, Capital
Jack Strange, Drawing
Admission Revenue
Advertising Expense
Salaries Expense
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

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