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Journalize the April transactions

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Question - Pearl Industries was started on April 1 by F. L. Wright and associates. The following selected events and transactions occurred during April.

Apr. 1 Shareholders invested €49,466 cash in the business in exchange for ordinary shares.

Apr. 4 Purchased land costing €29,257 for cash.

Apr. 8 Incurred advertising expense of €1,619 on account.

Apr. 11 Paid salaries to employees €1,243.

Apr. 12 Hired park manager at a salary of €4,289 per month, effective May 1.

Apr. 13 Paid €1,536 cash for a one-year insurance policy.

Apr. 17 Declared and paid a €1,643 cash dividend.

Apr. 20 Received €5,997 in cash for admission fees.

Apr. 25 Sold 180 coupon books for €60 each. Each book contains 10 coupons that entitle the holder to one admission to the park.

Apr. 30 Received €8,888 in cash admission fees.

Apr. 30 Paid €738 on balance owed for advertising incurred on April 8.

Pearl Industries uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable, Unearned Service Revenue, Share Capital-Ordinary, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense.

Required - Journalize the April transactions.

Reference no: EM132624649

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