Tara$$s Treasure Trove was started on April $1$ by Tara. The following selected events and transactions occurred during April.

Apr. $1$ Tara invested $$35,000$ cash in the business.

$4$ Purchased land costing $$27,000$ 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 $$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 $8.$

Tara$$s Treasure Trove uses the following accounts:

Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Owner$$s Capital, Owner$$s Drawings, Service Revenue, Advertising Expense, and Salaries and Wages Expense.

Instructions

$1.$ Journalize the April transactions.

$2.$ Update the LEDGERS...the Beginning Balances for each Account $=$ $$0$

$3.$ Prepare a Trial Balance

$4.$ Prepare the Income Statement, Statement of Owner$$s Equity and The Balance Sheet