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CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION Your answer is partially correct. Try again. On April 1, Skysong. Inc. began n operations. The following
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION Your answer is partially correct. Try again. On April 1, Skysong. Inc. began n operations. The following transactions were completed during the month. 1. 1ssued common stock for $26,400 cash. 2. Obtained a bank loan for $7,700 by issuing a note payable. 3. Paid $12,100 cash to buy equipment 4. Paid $1,300 cash for April office rent 5. Paid $1,600 for supplies. 6. Purchased $660 of advertising in the Daily Herald, on account 7. Performed services for $19,800: cash of $2,200 was received from customers, and the balance of $1.7,600 was billed to customers on 8. Paid $440 dividend to stockholders. 9. Paid the utility bill for the month, $2,200 10. Paid Daily Herald the amount due in transaction (6) 11. Paid $40 of interest on the bank loan obtained in transaction (2) 12. Paid employees' salaries, $7,040. 13. Received $13,200 cash from customers billed in transaction (7) 14. Paid income tax, $1,650. ournalize the transactions. (If no entry is required, select "No Entry; for the account titles and enter O for the amounts. Credit account tibles y indented when amount is entered. De mot indent manualy,) No. Account Titles and Explanation 4 5 0
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