April Transactions Date Transaction Description April 1 Started a landscaping business by making a $50,000 deposit...

*April Transactions*
Date	Transaction Description
April 1	Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock.
April 1	Purchased insurance for the year and paid $3,600 cash.
April 1	Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment.
April 3	Purchased landscaping equipment from Toro for $15,000, paying a downpayment of $10,000 cash, and $5,000 on account.
April 5	Purchased landscaping supplies of $750 on account.
i	Paid $500 cash for advertising in local newspapers.
April 10	Received $12,500 in cash for landscaping services provided.
April 12	Paid $2,000 on account for landscaping equipment previously purchased on April 3rd.
April 15	Provided landscaping services on account for $1,200.
April 20	Received $10,500 in cash for landscaping services provided.
April 28	Received $600 cash on account for landscaping services performed on April 15th.
April 30	Received $4,000 cash for landscaping services provided.
April 30	Paid a utility bill of $700 cash.
April 30	Paid dividends of $3,000 cash
April 30	The inventory of landscaping supplies showed a balance of $300 on hand at the end of the month.
	prepare 1 journal entries 2 general ledger and 3 trial balance

Expert Solution

ekkarill92 answered 1 year ago

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