Just for Fun Park was started on 1 April by Greg Winters. These selected events and transactions occurred during April: 

Just for Fun Park uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Revenue Received in Advance, Share Capital, Dividends, Admission Revenue, Advertising Expense and Salaries Expense. 

Required

Journalise the April transactions, including narrations. 

Transcribed Image Text:

Apr. 1 4 8 11 12 13 17 20 25 30 30 Shareholders invested $90 000 cash in the business in exchange for shares. Purchased land costing $45 000 for cash. Incurred advertising expense of $2700 on account. Paid salaries to employees, $2550. Hired park manager at a salary of $6000 per month, effective 1 May. Paid $4500 for a 1-year insurance policy. Paid $900 cash dividends. Received $8550 in cash for admission fees. Sold 150 voucher books for $25 each. Each book contains ten vouchers that entitle the holder to one admission to the park. (Hint: The revenue is recorded as Revenue Received in Advance until the vouchers are used.) Received $11850 in cash admission fees. Paid $1050 on account for advertising incurred on 8 April.