a$.$ Received contributions from investors and issued $$280,000$ of common stock on April $1.$ h$.$ Received $$2,740$ from customers on April $8$ on accounts receivable.

i$.$ On April $9,$ prepaid a two$-$year insurance policy for $$5,800$ for coverage starting in May.

j$.$ On April $28,$ paid $$1,020$ in cash for water and utilities used this month.

k$.$ Paid $$15,300$ in wages on April $29$ for work done this month.

I. Received an electric utility bill on April $30$ for $$2,450$ for usage in April; the bill will be paid next month.

a$.$ Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary

net income and net profit margin.

Note: Round your Net Profit Margin answer to $1$ decimal place.

b$.$ Determine whether the net profit margin is better or worse than the $30\mathrm{.}0\%$ earned by a close competitor.

b$.$ Acquired a barn for $$206,000.$ On April $2,$ the company paid half the amount in cash and signed a three$-$year note payable for the

balance.

c$.$ Provided $$17,200$ in animal care services for customers on April $3,$ all on credit.

d$.$ Rented stables to customers who cared for their own animals; received cash of $$12,500$ on April $4$ for rent earned this month.

e$.$ On April $5,$ received $$3,600$ cash from a customer to board her horse in May, June, and July $($record as Deferred Revenue$).$

f$.$ Purchased and received hay and feed supplies on account on April $6$ for $$5,150.$

g$.$ Paid $$1,960$ on accounts payable on April $7$ for previous purchases.

h$.$ Received $$2,740$ from customers on April $8$ on accounts receivable.

i$.$ On April $9,$ prepaid a two$-$year insurance policy for $$5,800$ for coverage starting in May.

j$.$ On April $28,$ paid $$1,020$ in cash for water and utilities used this month.

k$.$ Paid $$15,300$ in wages on April $29$ for work done this month.

I. Received an electric utility bill on April $30$ for $$2,450$ for usage in April; the bill will be paid next month.

Prepare the journal entries to record the transactions $($a$)$ through $($I$).$

Note: If no entry is required for a transaction or event, select $"$No journal entry required" in the first account field.

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