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Ivanhoe Salon Inc's general ledger at April 30, 2025, included the following: Cash $4,000, Supplies $400, Equipment $19,200, Accounts Payable $1,680, Notes Payable $8,000, Unearned
Ivanhoe Salon Inc's general ledger at April 30, 2025, included the following: Cash \$4,000, Supplies \$400, Equipment \$19,200, Accounts Payable $1,680, Notes Payable $8,000, Unearned Service Revenue (from gift certificates) $800, Common $tock$4,000, and Retained Earning $9,120. The following events and transactions occurred during May. May 1 Paid rent for the month of May $800. 4 Paid $880 of the account payable at April 30. 7 Issued gift certificates for future services for $1.200 cash. 8 Received $960 cash from customers for services performed. 14 Paid $960 in salaries to employees. 15 Recelved $640 in cash from customers for services performed. 15 Customers receiving services worth $560 used gift certificates in payment. 21 Paid the remaining accounts payable from April 30 . 22 Received $800 in cash from customers for services performed. 22 Purchased supplies of $560 on account. All of these were used during the month. 25 Received a bill for advertising for $400. This bill is due on June 13. 25 Received and paid a utilities bill for $320. 29 Received $1,360 in cash fro customers for services performed. 29 Customers receiving services worth $480 used gift certificates in payment. 31 Interest of $40 was paid on the note payable. 31 Paid $960 in salaries to employees. 31 Paid income tax payment for the month $120. Cash Supplies Equipment Accounts Payable Notes Payable Unearned Service Revenue Common Stock Retained Earnings
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