Problem 2-1A Graneview Park was started on Apnil i by R. S. Francis and associates. The following selected events and transactions occurred during Apri. Apr. 1 Stockho ders invested $49,500 cash in the business in exchange for common stock. 4 Purchased land costing $29,200 for cash 8 Incurred advertising expense of $1,890 on account. 11 Paid salaries to employees $1,990 12 Hired park manager at a saiary of $3,400 per month, effective May 1 13 Paid S1,880 cash for a one-year insurance pollcy 17 Declared and paid a $1,730 cash dividend. 20 Recelved $5,100 in cash for admission fees 25 Sold 147 coupon books for $59 each. Each book cocains 10 coupons that entitle the holder to one admission to the park 30 Recelved $8,300 in cash admission fees 30 Paid $710 on balance owed for advertising incurred on Apr s Graneview uses the following accounts: Cash, Prepaid insurance, Land, Accounts Payable, Unearned Service Revenue, Common Stock, Dvidends, Service Revenue, Advertising Expense, and Salaries and Wages Expense