Tools Help Next Options Weygandt, Financial Accounting, 10e Problem 2-1A Oriole Company was started on April 1 by R. S. Francis and associates. The following selected events and transactions occurred during Apri. Apr. 1 Stockholders invested $51,200 cash in the business in exchange for common stock. 4 Purchased land costing $30,800 for cash. 8 Incurred advertising expense of $2,000 on account 11 Paid salaries to employees $1,230. 12 Hired park manager at a salary of $3,900 per month, effective May 1. 13 Paid $1,860 cash for a one-year insurance policy 17 Declared and paid a $1,120 cash dividend 20 Received $5,200 in cash for admission fees. 25 Sold 128 coupon books for $46 each. Each book contains 10 coupons that entitle the holder to one admission to the park. 30 Received $9,000 in cash admission fees. 30 Paid $540 on balance owed for advertising incurred on April 8. Oriole uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Common Stock, Dividends, Ser Journalize the April transactions. (Credit account titles are automatically indented when the amount is entered, Do not indent manuafi entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation