The Adventure Biking Park Corp. was formed on April 1. These selected events and transactions occurred during April:

Apr. 1 Issued common shares for $100,000 cash.

3 Purchased an out-of-use ski hill costing $370,000, paying $60,000 cash and signing a note payable for the balance. The $370,000 purchase price consisted of land $204,000; building $121,000; and equipment $45,000.

8 Purchased advertising space of $3,800 on account.

10 Paid salaries to employees, $2,800.

13 Hired a park manager at a salary of $4,000 per month, effective May 1.

14 Paid $5,500 for a one-year insurance policy.

17 Paid $600 of dividends to shareholders.

20 Received $8,600 in cash from customers for admission fees.

30 Paid $2,800 on account for the advertising purchased on April 8.

30 Paid $1,250 of interest on the note payable

Instructions

Journalize the April transactions.