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2. Susans Decorating Service Company began operations on April 1, 2016. The following transactions occurred during the first month of operations of the Decorating Service

2.

Susans Decorating Service Company began operations on April 1, 2016. The following transactions occurred during the first month of operations of the Decorating Service Company.

April 1

Received $25,000 cash from the owners in exchange for shares of common stock.

April 4

Purchased $400 of supplies on account.

April 10

Billed a client for $4,000 for services rendered and received cash immediately.

April 15

Paid salary to her employee $1,000 cash for his completed work.

Journal entry for Susans Decorating Service Company on April 4, 2016, is

Select one:

a.

Date

Debit

Credit

4-April

Cash

400

Supplies

400

b.

Date

Debit

Credit

4-April

Accounts Payable

400

Supplies

400

c.

Date

Debit

Credit

4-April

Supplies

400

Cash

400

d.

Date

Debit

Credit

4-April

Supplies

400

Accounts Payable

400

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