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Wildhorse Park was started on April 1 by R. S. Francis and associates. The following selected events and transactions occurred during April. Apr. Stockholders invested

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Wildhorse Park was started on April 1 by R. S. Francis and associates. The following selected events and transactions occurred during April. Apr. Stockholders invested $51,700 cash in the business in exchange for common 1 stock. Purchased land costing $29,200 for cash. Incurred advertising expense of $1,590 on account. Paid salaries to employees $1,620. Hired park manager at a salary of $3,100 per month, effective May 1. Paid $1,350 cash for a one-year insurance policy. Declared and paid a $1,620 cash dividend. Received $6,300 in cash for admission fees. 25 Sold 112 coupon books for $43 each. Each book contains 10 coupons that entitle the holder to one admission to the park. 30 Received $8,400 in cash admission fees. 30 Paid $830 on balance owed for advertising incurred on April 8. Wildhorse 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. Journalize the April transactions. If you like add a table using the insert bottom above. Make sure to use 4 column and 20 row

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