Reference no: EM133173717

Question - Splish Brothers Inc. was started on April 1 by R. S. Francis and associates. The following selected events and transactions occurred during April.

Apr. 1 Stockholders invested $51,000 cash in the business in exchange for common stock.

Apr. 4 Purchased land costing $29,900 for cash.

Apr. 8 Incurred advertising expense of $1,750 on account.

Apr. 11 Paid salaries to employees $1,480.

Apr. 12 Hired park manager at a salary of $4,200 per month, effective May 1.

Apr. 13 Paid $1,790 cash for a one-year insurance policy.

Apr. 17 Declared and paid a $1,560 cash dividend.

Apr. 20 Received $5,900 in cash for admission fees.

Apr. 25 Sold 153 coupon books for $33 each. Each book contains 10 coupons that entitle the holder to one admission to the park.

Apr. 30 Received $8,400 in cash admission fees.

Apr. 30 Paid $550 on balance owed for advertising incurred on April 8.

Splish Brothers 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.

Required - Journalize the April transactions.