Evergreen Campground was started on June 1 by Jolene and David Collier. The following selected events and transactions occurred during June.
June
1.. Invested $150,000 cash in the business in exchange for common stock
4 ..Purchased land costing $40,000 for cash.
8 ..Incurred advertising expense of $3,500 on account.
11 ..Paid salaries to employees $1,500
12 ..Hired Campground manager at a salary of $5,000 per month, effective July 15
13 ..Paid $2,000 for a one-year insurance policy
20 ..Received $9,000 in cash for admission fees
30 ..Received $5,000 in cash for admission fees
30 ..Paid $1,000 on account for advertising incurred on June 8
Evergreen uses the following accounts: Cash; Prepaid Insurance; Land; Accounts Payable; Unearned Admissions; Common Stock; Admission Revenue; Advertising Expense; and Salaries Expense.
Journalize the April transactions.