Super Hero

Post transactions to the General Ledger,prepare an Income Statement and also a Statement of Owner’s Equity.

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. […]

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