Question

Journalizing Transactions in Template, Journal Entry Form, and T-Accounts
Minute Maid, a firm providing housecleaning services, began business on April 1, 2015. The following transactions occurred during the month of April.

April 1 A. Falcon invested $9,000 cash to begin the business in exchange for common stock.
April 2: Paid $2,850 cash for six months’ lease on van for the business.
April 3: Borrowed $10,000 cash from bank and signed note payable agreeing to repay it in 1 year plus 10% interest.
April 3: Purchased $5,500 of cleaning equipment; paid $2,500 cash with the remainder due within 30 days.
April 4: Paid $4,300 cash for cleaning supplies.
April 7: Paid $350 cash for advertisements to run in newspaper during April.
April 21: Billed customers $3,500 for services performed.
April 23: Paid $3,000 cash on account to cleaning equipment suppliers (see April 3).
April 28: Collected $2,300 cash from customers on their accounts.
April 29: Paid $1,000 cash for dividends.
April 30: Paid $1,750 cash for April wages.

Answer 1