Diana Mark is the president of Service Pro, Incorporated, a company that provides temporary employees for not-for-profit companies Service Pro has been operating for five years, its revenues are increasing with each passing year. You have been hired to help Diana in analyzing the following transactions for the first two weeks of April April Purchased and received office supplies for $1,100 on account. 2. April Billed the local United Way office $5,408 for temporary services provided. 5 April Paid $370 for supplies purchased and recorded on account last beriod. B April Placed an advertisement in the local paper for $1,000 cash. 8 April Purchased new equipment for the office costing $3,500 cash. 9 April Paid employee wages of $2,400 incurred in April. 10 April Received $2.200 on account from the local United Way office billed on April 5. 11 April Purchased land as the site of a future office for $16,000. The land value was appraised as $23,000. Paid 12 $2,100 down and signed a long-tern note payable for the balance. April Issued 2,100 additional shares of common stock for $50 per share in anticipation of building a new office. 13 April Billed Family & Children's Services $3,200 for services rendered this month. 14 April Received the April utilities bill for $980 to be paid next month. 15 Required: For each of the transactions, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) For each of the transactions, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 unt. Record the entry for billing the local United Way office $5,400 for temporary services provided. 3 Record the payment of $370 for supplies purchased and recorded on account last period. 4 Credit Record the entry for placing an advertisement in the local paper for $1,000 cash. 5 Record the purchase of new equipment for the office costing $3,500 cash. Note : = -journal entry has been entered Record entry Clear entry View general journal For each of the transactions, prepare journal entries. (If no entry is required for a transaction/event, Required" in the first account field.) View transaction list X 6 Record the payment of employee wages of $2,400 incurred in April. 11 7 Record the receipt of $2,200 on account from the local United Way office billed on April 5. unt. 8 Record the entry for purchase of land as the site of a future office for $16,000. The land value was appraised as $23,000. Paid $2,100 down and sign a long-term note payable for the balance. Credit 9 Record the issuance of 2,100 additional shares of common stock for $50 per share in anticipation of building a new office. 10 Record the entry for billing Family & Children's Services = journal entry has been entered Note : Record entry Clear entry View general journal View transaction list EX X VILU uy vL WHICU I PJ. 11 8 Record the entry for purchase of land as the site of a future office for $16,000. The land value was appraised as $23,000. Paid $2,100 down and signed a long-term note payable for the balance. onth. 9 ces Record the issuance of 2,100 additional shares of common stock for $50 per share in anticipation of building a new office. Credit 10 Record the entry for billing Family & Children's Services $3,200 for serviges rendered this month. 11 Record the receipt of the April utilities bill for $900 to be paid next month. Note := journal entry has been entered Record entry Clear entry View general journal
