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Date Account and Explanation DR CR Apr 01 Cash 750,000 Common Stock 750,000 (cash received for issued common stock) 3-Apr Land Cash (land purchased

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Date Account and Explanation DR CR Apr 01 Cash 750,000 Common Stock 750,000 (cash received for issued common stock) 3-Apr Land Cash (land purchased with cash) 200,000 200,000 5-Apr Office Supplies Accounts Payable 1,450 1,450 (office supplies purchased an account) G-Apr Cash 13,000 Service Revenue 13,000 (cash received for service) 7-Apr Accounts Receivable 15,000 Service Revenue 15,000 (service provided an account) 10-Apr Salaries Expense Rent Expense Cash 8,500 6,000 14,500 (expenses paid) 12-Apr Accounts Payable Cash 800 8:00 (cash paid to accounts payable) 14-Apr Cash 3,500 Accounts Receivable 3,500 (cash received from receivable) 16-Apr Dividends 2,750 Cash 2,750 (dividend paid) 18-Apr Prepaid Rent 18,000 Cash 18,000 (rent paid in advance) 20-Apr Salaries Expense Cash 8,500 8,500 (salaries paid) 25-Apr Building Notes Payable 525,000 525,000 (building purchased and loan issued) 26-Apr Furniture 27,000 Common Stock 27,000 (furniture purchaced in exchange of stock) 28-Apr Utilities Expense 1,200 Utilities Payable 1,200 (received phone bill) 30-Apr Salaries Expense Cash 8,500 8,500 (services paid) 30-Apr Cash 24,000 Service Revenue 24,000 (cash received for service to be performed at later date) 30-Apr Cash 18,000 Service Revenue 18,000 (cash received for service performed) 1,631,200

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