Sheffield Park was started on April $1$ by R$.$ S$.$ Francis and associates. The following selected events and transactions occurred during

April.

Apr. $1$ Stockholders invested $$50,100$ cash in the business in exchange for common stock.

$4$ Purchased land costing $$30,500$ for cash.

$8$ Incurred advertising expense of $$1,970$ on account.

$11$ Paid salaries to employees $$1,470.$

$12$ Hired park manager at a salary of $$4,400$ per month, effective May $1.$

$13$ Paid $$1,230$ cash for a one$-$year insurance policy.

$17$ Declared and paid a $$1,810$ cash dividend.

$20$ Received $$5,500$ in cash for admission fees.

$25$ Sold $141$ coupon books for $$30$ each. Each book contains $10$ coupons that entitle the holder to one admission to the park.

$30$ Received $$8,100$ in cash admission fees.

$30$ Paid $$450$ on balance owed for advertising incurred on April $8.$

Sheffield uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Common Stock,

Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense.