New Question, New Values

Apr. 1 Stockholders invested $49,500 cash in the business in exchange for common stock 4 Purchased land costing $29,200 for cash 8 Incurred advertising expense of $1,890 on account. 11 Paid salaries to employees $1,990 12 Hired park manager at a salary of $3,400 per month, effective May 1. 13 Paid $1,880 cash for a one-year insurance poliky 17 Declared and paid a $1,730 cash dividend. 20 Received $6,100 in cash for admission fees. 25 Sold 147 coupon books for $59 each. Each book contains 10 coupons that entitle the holder to one admission to the park. 30 Received $8,300 in cash admission fees. 0 Paid $710 on balance owed for advertising incurred on April 8 Crandview uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Uneamed 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 manualy. Ifno entry is required, select "No Entry" for the account titfes and (Issued shares of stock for cash) (Purchased and fer cash) (inourred Overtising expense on account , Pald salaries Agr. 12 (Pald for one year insurance policy) Aor. 17 Dividends 2 (Declared and paid cash dividends) (Received cash for services provided) , Problem 2-1A Grandview Park was started on Apnil 1 by R. S. Francis and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $50,600 cash in the business in exchange for common stock. 4 Purchased land costing $30,600 for cash 8 Incurred advertising expense of $1,500 on account. 11 Paid salaries to employees $1,380. 12 Hired park manager at a saiary of $3,800 per month, effective May 1 13 Paid $1,590 cash for a one-year insurance policy. 17 Declared and paid a $1,480 cash dividend. 20 Received $6,200 in cash for admission fees 25 Sold 154 coupon books for s48 each. Each book corntains 10 coupons that entitie the holder to one admission to the park 30 Received $8,800 in cash admission fees 30 Paid 760 on balance owed for advertising incurred on April 8 Granove uses the folowing accounts: CasnPrepad Insurance Land, Accounts Payase, unearned Service Revenue, Com non Stock Di dends, Service Revenue, Advertising Expense, and Salaries and wages Expense. Journalize the Agri transactions. (Credit accoune etles are automaticaly indented when the amount is entered, Do not indent manually 2f ne entry is reowired, select "No Entry for the account tieles and enter for the amounts) Apr. Agr. 1 Apr 13 Agr 17 Ag 20 Ap 30 Agr. 30