PROBLEMS: SET B P2-18 Frontier Park was started on April 1 by M. Preston. The following selected events Journalize a series of and transactions occurred during April. transactions. Apr 1 Preston invested $35,000 cash in the business. (LO 1,2) 4 Purchased land costing $27,000 for cash. 8 Incurred advertising expense of $1,800 on account. GLS 11 Paid salaries to employees $1,500. 12 Hired park manager at a salary of $4,000 per month, effective May 1. 13 Paid $1,650 cash for a one-year insurance policy. 17 Withdrew $1,000 cash for personal use. 20 Received $6,800 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. Frontier Park uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Pay- able, Unearned Service Revenue, Owner's Capital, Owner's Drawings, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions Journalize the April transactions