Monty 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 $49,300 cash in the business in exchange for common stock. 4 Purchased land costing $29,300 for cash. 8 Incurred advertising expense of $1,860 on account. 11 Paid salaries to employees $1,950. 12 Hired park manager at a salary of $5,000 per month, effective May 1. 13 Paid $1,120 cash for a one-year insurance policy. 17 Declared and paid a $1,600 cash dividend. 22 20 Received $5,900 in cash for admission fees. 25 30 Sold 196 coupon books for $32 each. Each book contains 10 coupons that entitle the holder to one admission to the park. Received $8,900 in cash admission fees. 30 Paid $610 on balance owed for advertising incurred on April 8. Monty 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. Journalize 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) Date Account Titles and Explanation Debit Apr. 1 Cash 49,300 Common Stock Apr. 4 Land Cash 29,300 Apr. 8 Advertising Expense 1,860 Accounts Payable Apr. 11 Salaries and Wages Expense 1,950 Cash Apr. 12 No Entry Apr. 13 Prepaid Insurance 1,120 Cash Apr. 17 Cash Dividend 1,600 Credit 49,300 29,300 1,860 1,950 1,120 Cash Apr. 20 Cash Service Revenue Apr. 25 Cash Unearned Service Revenue Apr. 30 Cash Service Revenue (Received cash for services provided) Apr. 30 Accounts Payable Cash (Paid creditor on account) 5,900 6,272 8,900 610 1,600 5,900 6.272 8,900 610