Grandview Park was started on April 1 by R. S. Francis and associates. The following selected events and transactions occurred during April.

Apr. 1 Stockholders invested $50,000 cash in the business in exchange for common stock.

4 Purchased land costing $34,000 for cash.

8 Incurred advertising expense of $1,800 on account.

Apr. 11 Paid salaries to employees $1,500.

12 Hired park manager at a salary of $3,500 per month, effective May 1.

13 Paid $2,400 cash for a one-year insurance policy.

17 Declared and paid a $1,400 cash dividend.

20 Received $5,700 in cash for admission fees.

25 Sold 100 coupon books for $30 each. Each book contains 10 coupons that entitle the holder to one admission to the park.

30 Received $8,900 in cash admission fees.

30 Paid $840 on balance owed for advertising incurred on April 8.

Grandview uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Common Stock, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense.

Instructions

Journalize the April transactions.