P3-6B Mountain Biking Corp. opened on April 1. The following selected events and transactions occurred during April: Issued common shares for $100,000 cash. Purchased an out-of-use ski hill costing $370,000, paying s60,000 cash and signing a bank loan payable for the balance. The $370,000 purchase price consisted of land $204,000; buildings $121,000; and equipment $45,000. Apr. 1 3 8 Purchased advertising space for $1,800 on account. 10 Paid salaries to employees, $2,800. 13 Hired a park manager at a salary of $4,000 per month, effective May I. 14 Paid $5,500 for a one-year insurance policy 17 Declared and paid $600 of dividends to shareholders. 20 Received $10,600 in cash from customers for admission fees. 30 Paid $1,800 on account for the advertising purchased on April 8. 30 Paid $2,000 of interest on the bank loan. 30 Declared and paid an income tax instalment of $800. Instructions Journalize the transactions