In the month of April, Big Lake Stables perfomed the following transactions. You have been hired as the new assistant accountant.

April $1$ Received contributions from investors and issued $$200,000$ of common stock.

$2$ Acquired a barn for $$142,000.$ The company paid half the amount in cash and signed a three$-$year note payable for the balance.

Purchased office supplies on credit, $$400.$

$3$ Provided $$16,000$ in animal care services for customers, all on credit.

$4$ Rented stables to customers who cared for their own animals; received cash of $$13,000$ for rent earned this month.

Paid salary to assistant $$950.$

$5$ Received $$1,500$ cash from a customer to board her horse in May, June, and July.

$6$ Purchased and received hay and feed supplies on account for $$3,000$

$7$ Paid $$1,700$ on accounts payable for previous purchases.

$18$ Received $$1,000$ from customers on account receivables.

$19$ Prepaid a two$-$year insurance policy for $$3,600$ for coverage starting in May.

$28$ Paid $$800$ in cash for water and utilities used this month.

$29$ Paid $$14,000$ in wages for work done this month

$30$ Received an electric utility bill on for $$1,200$ for usage in April; the bill will be paid next month.

You are required to:

a$.$ Indicate the accounting equation effects of the April events in a table with description.

b$.$ Prepare journal entries to record the above transactions