Grandview Park Co. was started on April 1, and the following selected events and transactions occurred during April. Apr. 1 Stockholders invested $50,400 cash in the business in exchange for common stock. 4 Purchased land costing $30,900 for cash. 8 Incurred advertising expense of $1,960 on account. 11 Paid salaries to employees $1,290. 12 Hired a division manager at a salary of $5,000 per month, effective May 1. 13 Paid $1,090 cash for a one-year insurance policy. 17 Declared and paid a $1,650 cash dividend. 20 Received $6,500 in cash for admission fees. 30 Paid $700 on balance owed for advertising incurred on April 8. Required:

Journalize the April transactions.