Assignment 1 - Chapters 1 and 2 (5) - Word Avreet Hothi thothia an Layout References Mailings Review View Help Acrobat Question 4 Listed are the April 2020 transactions for Whitters Bike Ltd. Using the journal entry template provided below, prepare the journal entries: Apr 1 Issued common shares in exchange for cash of $75,000 and equipment of $25,000. Apr 1 Paid monthly rent of $1,500. Apr 4 Purchased inventory, on account for $31,350. Apr 5 Purchased office supplies for $3,000 cash. Performed bike servicing for customers in the amount of $500; received $300 in cash and Apr 11 billed customers for the remainder. Apr 17 Sold 5 bikes for cash of $15,000. Apr 22 Sold 2 bikes on account for $2,500. Apr 26 Paid $2,250 in salaries and $500 in utilities. Apr 30 collected customer payment for bikes sold on April 22. Apr 30 Remitted payment to vendor for inventory purchased on April 4