E2-29B. (Learning Objectives 2, 3: Understanding how accounting works; journalizing transactions) Green Tree Cellular, Inc., completed the following transactions during April 20X6, its first month of operations:

Requirement 1. Record the transactions in the journal of Green Tree Cellular, Inc. Key transactions by date and include an explanation for each entry.

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2 Apr 1 Received 20,100 and issued ordinary shares. Purchased 700 of office supplies on account. 4 Paid 15,200 cash for land to use as a building site. 6 9 17 23 30 Performed service for customers and received cash of 2,300. Paid 150 on accounts payable. Performed service for UPS on account totaling 1,100. Collected 850 from UPS on account. Paid the following expenses: salary, 1,700; rent, 1,300.