Question 4) Jimmy's RV Park was started on April 1 by Walter White. These selected events and transactions occurred during April. April: 1 Stockholders invested 895,000 cash in the business in exchange for common stock. 4 Purchased land costing $265,000 for cash. 8 Purchased advertising in local newspaper for $1,000 on account. 11 Paid salaries to employees $2.700. 12 Hired park manager at a salary of $3.600 per month, effective May 1 13 Paid S6,900 for a 1-year insurance policy. 17 Paid $800 cash dividends. 20 Received $6,500 in cash from customers for admission fees. 25 Sold 105 coupon books for $95 each. Each book contains ten coupons that entitie the holder to one admission to the park. (Hint: The revenue should not be recognized until the coupons are used.) 30 Received $7,200 in cash from customers for admission fees. 30 Paid $550 of the balance owed for the advertising purchased on account on April 8. The company uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Common Stock, Dividends, Service Revenue, Advertising Expense, and Salaries Expense. Instructions: Journalize the April transactions