Date Account Titles and Explanation Debit Bramble Park was started on April 1 by R. S. Francis and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $48,200 cash in the business in exchange for common stock. 4 Purchased land costing $29,900 for cash. 8 Incurred advertising expense of $1,880 on account. 11 Paid salaries to employees $1,960. 12 Hired park manager at a salary of $4,000 per month, effective May 1. 13 Paid $1,940 cash for a one-year insurance policy. 17 Declared and paid a $1,690 cash dividend. 20 Received $4,900 in cash for admission fees. 25 Sold 158 coupon books for $30 each. Each book contains 10 coupons that entitle the holder to one admission to the park. 30 Received $8,200 in cash admission fees. 30 Paid $570 on balance owed for advertising incurred on April 8