Grandview 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 $$50,000$ cash in the business in exchange for common stock.

$4$ Purchased land costing $$34,000$ for cash.

$8$ Incurred advertising expense of $$1,800$ on account.

$11$ Paid salaries to employees $$1,500.$

$12$ Hired park manager at a salary of $$3,500$ per month, effective May $1.$

$13$ Paid $$2,400$ cash for a one$-$year insurance policy.

$17$ Declared and paid a $$1,400$ cash dividend.

$20$ Received $$5,700$ in cash for admission fees.

$25$ Sold $100$ coupon books for $$30$ each. Each book contains $10$ coupons that entitle the holder to one admission to the park.

$30$ Received $$8,900$ in cash admission fees.

$30$ Paid $$840$ on balance owed for advertising incurred on April $8.$