Reference no: EM132650258

Question - Journalize the April transactions.

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

Apr. 1 Stockholders invested $49,000 cash in the business in exchange for common stock.

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

Apr. 8 Incurred advertising expense of $1,840 on account.

Apr. 11 Paid salaries to employees $1,900.

Apr. 12 Hired park manager at a salary of $3,800 per month, effective May 1.

Apr. 13 Paid $1,990 cash for a one-year insurance policy.

Apr. 17 Declared and paid a $1,410 cash dividend.

Apr. 20 Received $6,000 in cash for admission fees.

Apr. 25 Sold 134 coupon books for $32 each. Each book contains 10 coupons that entitle the holder to one admission to the park.

Apr. 30 Received $8,700 in cash admission fees.

Apr. 30 Paid $570 on balance owed for advertising incurred on April 8.

Tamarisk 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.