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2 5 8 8 9 Diana Mark is the president of Service Pro, Incorporated, a company that provides temporary employees for not-for-profit companies. Service Pro
2 5 8 8 9 Diana Mark is the president of Service Pro, Incorporated, a company that provides temporary employees for not-for-profit companies. Service Pro has been operating for five years; its revenues are increasing with each passing year. You have been hired to help Diana in analyzing the following transactions for the first two weeks of April: April Purchased and received office supplies for $550 on account. April Billed the local United Way office $3,200 for temporary services provided. April Paid $268 for supplies purchased and recorded on account last period. April Placed an advertisement in the local paper for $450 cash. April Purchased new equipment for the office costing $2,400 cash. April Paid employee wages of $1,300 incurred in April. April Received $1,100 on account from the local United Way office billed on April 5. April Purchased land as the site of a future office for $10,500. The land value was appraised as $12,000. Paid 12 $2,100 down and signed a long-term note payable for the balance. April Issued 2,100 additional shares of common stock for $30 per shore in anticipation of building a new office. April Billed Family & Children's Services $2,100 for services rendered this month. April Received the April utilities bill for $350 to be paid next month. 15 Required: For each of the transactions, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 10 11 13 14 View transaction list Journal entry worksheet 7 8 11 Journal entry worksheet > 200 Record the purchase of new equipment for the office costing $2,400 cash. Note: Enter debits before credits. Date General Journal Debit Credit April 09 Record entry Clear entry View general journal Journal entry worksheet Record the payment of employee wages of $1,300 incurred in April. Note: Enter debits before credits. General Journal Debit Credit Date April 10 Record entry Clear entry View general journal Journal entry worksheet Record the receipt of $1,100 on account from the local United Way office billed on April 5. Note: Enter debits before credits. Date General Journal Debit Credit April 11 Record entry Clear entry View general journal Journal entry worksheet 11 Record the entry for purchase of land as the site of a future office for $10,500. The land value was appraised as $12,000. Paid $2,100 down and signed a long-term note payable for the balance. Note: Enter debits before credits. General Journal Debit Credit Date April 12 Record entry Clear entry View general journal Journal entry worksheet Record the issuance of 2,100 additional shares of common stock for $30 per share in anticipation of building a new office. Note: Enter debits before credits. Date General Journal Debit Credit April 13 Record entry Clear entry View general journal Journal entry worksheet Record the entry for billing Family & Children's Services $2,100 for services rendered this month. Note: Enter debits before credits General Journal Debit Credit Date April 14 Record entry Clear entry View general journal Journal entry worksheet
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