Business, 10.04.2020 19:23 Kaitneedshelps

Prepare journal entries to record the the April transactions in the General Journal below. Remember that Debits must equal Credits—All of your Journal Entries should balance.

April Transactions

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.

April 5 - 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.

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Prepare journal entries to record the the April transactions in the General Journal below. Remember...

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