Assignment OverviewUnit 3 - Individual Project

ASSIGNMENT DESCRIPTIONDeliverable Length:  See assignment details OBJECTIVES 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 Owners Equity. Prepare a Balance Sheet