Hokies Co. was started on April 1, and the following selected events and transactions occurred during April. Apr. Stockholders invested $60,300 cash in the business in exchange for common stock. Purchased land costing $50,800 for cash. 00 Incurred advertising expense of $1,960 on account. 11 Paid salaries to employees $1,390. 12 Hired a division manager at a salary of $7,000 per month, effective May 1. 13 Paid $1,190 cash for a one-year insurance policy. 17 Declared and paid a $2,500 cash dividend. 20 Received $3,500 in cash for admission fees. 30 Paid $600 on balance owed for advertising incurred on April 8. Required: Journalize the April transactions