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5. Peter Stevens opened a medical clinic (named Stevens Clinic) in Brooklyn and had the following transactions during the month of April: April 1 The

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5. Peter Stevens opened a medical clinic (named Stevens Clinic) in Brooklyn and had the following transactions during the month of April: April 1 The business received $30,000 cash in exchange for common stock April 1 Paid April's rent in cash, $1,100 April 3 Purchased supplies on account, $500 April 4 Purchased $15,000 of equipment for $1,000 in cash and the remainder on account. April 8 Received $250 in cash for medical services performed April 10 Performed medical services for a patient on account, $150 April 15 Paid wages to receptionist, $400 A. Prepare journal entries for each of the above transactions. B. Post the transactions into T-accounts. C. Prepare a trial balance for the month ended April 30, 2013

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