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a. Received contributions from investors and issued $320,000 of common stock on April 1. b. Acquired a barn for $172,000. On April 2, the company

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a. Received contributions from investors and issued $320,000 of common stock on April 1. b. Acquired a barn for $172,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance. c. Provided $17,300 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 $15,000 on April 4 for rent earned this month. e. On April 5, received $2.100 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 $3,150. g. Paid $3.240 on accounts payable on April 7 for previous purchases. h. Received $1.100 from customers on April 8 on accounts receivable. 1. On April 9, prepaid a two-year insurance policy for $3,900 for coverage starting in May. 1. On April 28, paid $1,510 in cash for water and utilities used this month k. Paid $15.700 in wages on April 29 for work done this month. 1. Received an electric utility bill on April 30 for $2.460 for usage in April the bill will be paid next month. Required: 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement to the T-Accounts below. All accounts begin with zero balances because this is thi first month of operations. 3. Prepare an unadjusted trial balance as of April 30. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, qalculate preliminary net income and net profit margin 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. Complete this question by entering your answers in the tabs below Reg 1 Reg 2 Reg 3 Req 4A Reg 4 Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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