In April 2019, Sarah Jones created a new business, IthacaDeep, Inc., offering therapeutic deep massage for stress reduction, pain management, injury recovery, and relief from muscle strains and tightness experienced by anyone, especially athletes, fitness enthusiasts, runners, and physical laborers. You have been hired to record the transactions occurring in the first month of operations. a. Received investment of cash by three organizers and issued to them a total of 600 shares of $0.05 par value stock with a market price of $40 per share. b. Borrowed $30,000 from a local bank, signing a note due in three years. c. Signed a one-year lease for a space near a health club, paying $1,600 for April rent and $4,800 for rent for May June, and July d. Purchased equipment costing $16,200, paying 20 percent in cash and owing the rest on account to the supplier, due in 60 days e Ordered a business computer and printer from Dell for $3,900. 1 Loaned $2,000 to an employee who signed a note due in three months. 9. Purchased supplies for $3,600 on account Pald Facebook $3,000 as a budget for advertising. (Facebook charges the advertiser's account per click, drawing down the balance. The average click is $0.68.) Paid $4,800 for 12 months of insurance coverage, with one-twelfth covering April and the rest covering the remainder of the fiscal of March next year) J. Purchased short-term investments for $18,000 cash. k. Along with her four other licensed massage therapists, Sarah and her team provided $46,000 of deep tissue service to clients in April who paid half in cash and agreed to pay the rest in May. 1 Paid employees $22.000 in wages for work in April m. At the end of April, received a $510 utility bill for the use of gas and electric in April. The bill will be paid in May. n. Paid $3,500 on the long-term note owed to the bank (ignore interest). o. Earned and received $45 in interest on the short-term investments. p. Sent the team to Boston in April to receive additional specialty training, costing IthacaDeep $3,100 cash. q. Received $2.400 from clients for a series of services to be performed beginning in May. year (e Received investment of cash by three organizers and issued to them a total of 600 shares of $0.05 par value stock with a market price of $40 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet Purchased equipment costing $16,200, paying 20 percent in cash and owing the rest on account to the supplier, due in 60 days. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 17 > Ordered a business computer and printer from Dell for $3,900. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 17 > Loaned $2,000 to an employee who signed a note due in three months. Note: Enter debits before credits. General Journal Debit Credit Transaction f. Record entry Clear entry View general journal Journal entry worksheet Pald Facebook $3,000 as a budget for advertising. (Facebook charges the advertiser's account per click, drawing down the balance. The average click is $0.68.) Note: Enter debits before credits. Transaction General Journal Debit Credit h. Record entry Clear entry View general Journal Journal entry worksheet 1 4 5 6 7 8 17 Paid $4,800 for 12 months of insurance coverage, with one-twelfth covering April and the rest covering the remainder of the fiscal year (end of March next year). Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal ... 6 7 8 9 10 11 17 > Along with her four other licensed massage therapists, Sarah and her team provided $46,000 of deep tissue service to clients in April who paid half in cash and agreed to pay the rest in May. Note: Enter debits before credits. General Journal Debit Credit Transaction k. Record entry Clear entry View general journal Journal entry worksheet 17 At the end of April, received a $510 utility bill for the use of gas and electric in April. The bill will be paid in May. Note: Enter debits before credits. Transaction General Journal Debit Credit m. Record entry Clear entry View general journal Journal entry worksheet Paid $3,500 on the long-term note owed to the bank (ignore interest). Note: Enter debits before credits. Transaction General Journal Debit Credit n. Record entry Clear entry View general journal Journal entry worksheet Earned and received $45 in interest on the short-term investments. Note: Enter debits before credits. Transaction General Journal Debit Credit 0. Record entry Clear entry View general journal Received $2,400 from clients for a series of services to be performed beginning in May. Note: Enter debits before credits. Transaction General Journal Debit Credit 9. Record entry Clear entry View general journal