April 2 The company received cash of $154,000 and issued common stock to the shareholders. 4 Borrowed $46,000 from the bank and signed a long-term note payable. 8 Purchased equipment with a short-term note payable for $17,500. 9 Performed services billed at $26,580 and received cash. 10 Performed services for a client on account, $15,470. 16 Employees worked two weeks and were paid salaries of $9,064. 17 Paid 50% of the short-term note payable from the April 8 purchase. 22 Purchased office supplies on account for $7,700. 30 Paid $4,800 for the office supplies purchased on April 22. 30 Paid June's monthly rent of $1,700. 30 Paid the monthly income taxes of $3,260. 30 The Board of Directors declared and paid dividends of $4,600. Required: 1. Journalize the entries, and provide the explanations for each transaction. (36 points) 2. Post the entries to the General Ledger. (12 points) 3. Prepare a Trial Balance. (24 points)