Question 5

Blossom Company was started on April 1 by F. L. Wright and associates. The following selected events and transactions occurred during April.

Apr. 1		Shareholders invested 50,040 cash in the business in exchange for ordinary shares.
4		Purchased land costing 29,408 for cash.
8		Incurred advertising expense of 1,966 on account.
11		Paid salaries to employees 1,201.
12		Hired park manager at a salary of 3,442 per month, effective May 1.
13		Paid 1,476 cash for a one-year insurance policy.
17		Declared and paid a 1,966 cash dividend.
20		Received 6,084 in cash for admission fees.
25		Sold 190 coupon books for 40 each. Each book contains 10 coupons that entitle the holder to one admission to the park.
30		Received 8,256 in cash admission fees.
30		Paid 878 on balance owed for advertising incurred on April 8.

Blossom Company uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Share CapitalOrdinary, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Journalize the April transactions. (Record entries in the order displayed in the problem statement. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)