Blue Spruce Corp. was started on April 1 by R. S. Francis and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $49,700 cash in the business in exchange for common stock. 4 Purchased land costing $29,800 for cash 8 Incurred advertising expense of $2,000 on account. 11 Paid salaries to employees $1,870 12 Hired park manager at a salary of $3,700 per month, effective May 1 13 Paid $1,270 cash for a one-year insurance policy. 17 Declared and paid a $1,060 cash dividend. 20 Received $6,500 in cash for admission fees. 25 Sold 147 coupon books for $32 each. Each book contains 10 coupons that entitle the holder to one admission to the park. 30 Received $8,100 in cash admission fees. 30 Paid $540 on balance owed for advertising incurred on April 8 Blue Spruce 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. ournalize the April transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)