The Mountain Biking Corp. opened on April 1. The following 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 bank loan payable for the balance. The $370,000 purchase price consisted of land $204,000; buildings $121,000; and equipment $45,000.

8 Purchased advertising space of $1,800 on account.

10 Paid salaries to employees, $2,800.

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

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

17 Paid $600 of dividends to shareholders.

20 Received $10,600 in cash from customers for admission fees.

30 Paid $1,800 on account for the advertising purchased on April 8.

30 Paid $2,000 of interest on the bank loan.

30 Paid an income tax instalment of $800.

Instructions

Journalize the April transactions.