PROBLEMS: SET A P2-1A Frontier Park was started on April 1 by CI Mendez The following selected events and transactions occurred during April. Apr. 1 Mendez invested $40,000 cash in the business 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 $i 500 cash for a one-year insurance policy. 17 Withdrew $1,000 cash for personal use. 20 Received $5.700 in cash for admission fees. 25 Sold 100 coupon books for $25 each. Each book contains 10 coupons that entitle the holder to one admission to the park. 30 Received $8,900 in cash admission fees. 30 Paid $900 on balance owed for advertising incurred on April 8. Mendez uses the following accounts: Cash. Prepaid Insurance. Land, Accounts Payable. Unearned Admission Revenue, C. J. Mendez, Capital: C. J. Mendez, Drawing; Admission Revenue. Advertising Expense, and Salaries Expense. Instructions Journalize the April transactions P2-2A Jane Kent is a licensed CPA. During the first month of operations of her business, the following events and transactions occurred. May 1 Kent invested $25.000 cash. 2 Hired a secretary-receptionist at a salary of $2.000 per month. 3 Purchased $2,500 of supplies on account from Read Supply Company 7 Paid office rent of $900 cash for the month. 11 Completed a tax assignment and billed client $2,100 for services provided. 12 Received $3,500 advance on a management consulting engagement. 17 Received cash of $1.200 for services completed for H. Arnold Co. 31 Paid secretary-receptionist $2,000 salary for the month. 31 Paid 40% of balance due Read Supply Company. Jane uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable. No. 126 Supplies. No 201 Accounts Payable, No. 205 Unearned Revenue, No. 301 Jane Kent, Capital: No. 400 Service Revenue. No. 726 Salaries Expense, and No 729 Rent Expense