P2 - 1A: Prairie Park was started on April 1 by C.J. Amaro 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 $ 30,000 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 $ 4,000 per month, effective May 1.

13 Paid $ 1,500 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 coupon that entitle the holder to one admission to the park.

30 Received $ 8,900 in cash admission fees.

30 Paid $ 900 on balance owned for advertising incurred on April 8.

Amaro 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.

Instructions:

Journalized the April Transactions.