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Diana Mark is the president of ServicePro, Inc., a company profit companies. ServicePro has been operating for five years; its revenues are increasing with each
Diana Mark is the president of ServicePro, Inc., a company profit companies. ServicePro has been operating for five years; its revenues are increasing with each passing year. You have been hired to help Diana in analyzing weeks of April: that provides temporary employees for not-for- the following transactions for the first two April 2 Purchased office supplies for $500 on account. April 5 Billed the local United Way office $3,000 for temporary services provided April 8 Paid $250 for supplies purchased and recorded on account last period April 8 Placed an advertisement in the local paper for $400 cash. April 9 Purchased new equipment for the office costing $2,300 cash. April 10 Paid employee wages of $1,200, which were incurred in April April 11 Received $1,000 on account from the local United Way office billed on April 5 April 12 Purchased land as the site of a future office for $10,000. The land value was appraised as $11,000. Paid $2,000 down and signed a long-term note payable for the balance April 13 Issued 2,000 additional shares of common stock for $40 per share in anticipation of building a new office April 14 Billed Family &Children's Services $2,000 for services rendered this month. April 15 Received the April utilities bill for $300 to be paid next month 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.)
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