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HW Problem 2.1-A) Record in the general journal, B) post to the general ledger, and then C) prepare a trial balance. 4/2 Lyle Lovett invested
HW Problem 2.1-A) Record in the general journal, B) post to the general ledger, and then C) prepare a trial balance. 4/2 Lyle Lovett invested $70,000 into Houston Music Corp (HMC) in exchange for common stock. 4/3 HMC completed $15,000 of services on account (credit) for Country Records (invoice #36). HMC paid $1,000 to purchase supplies from Music Barn (check #72). 4/4 4/5 4/7 4/9 4/13 HMC purchased $50,000 of recording equipment on account from Phillips (invoice #TJ15398). HMC provided services to Capitol Record Co. and received $40,000 (invoice #37). HMC paid $9,000 for six month's rent (check #73). HMC received $15,000 from Country Records for services performed 4/3. 4/14 HMC placed an advertisement in Country Weekly magazine and received invoice #523 for $2,200. 4/20 HMC paid $50,000 (check #74) for the recording equipment purchased on account 4/5. 4/21 HMC received a $35,000 in advance from Rockabilly Records for services to be performed in May. 4/25 HMC received $35,000 for services provided Bluegrass Records. 4/28 HMC received invoice #525298 for $365 from PG&E for April utilities. 4/29 HMC paid $8,000 wages to backup artists (checks #75-76)
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