LO3.5.6 Exercise 3-15 Journal Entries EXAMPLE 3-4, 3-5 Following is a list of transactions entered into during the first month of operations of Gardener Corporation, a new landscape service. Prepare in journal form the entry to record each transaction. April 1: April 4: April 8: April 10: Articles of incorporation are filed with the state, and 100,000 shares of common stock are issued for $100,000 in cash. A six-month promissory note is signed at the bank. Interest at 9% per annum will be repaid in six months along with the principal amount of the loan of $50,000. Land and a storage shed are acquired for a lump sum of $80,000. On the basis of an appraisal, 25% of the value is assigned to the land and the remainder to the building. Mowing equipment is purchased from a supplier at a total cost of $25,000. A down payment of $10,000 is made with the remainder due by the end of the month. Customers are billed for services provided during the first half of the month. The total amount billed of $5,500 is due within ten days. The remaining balance due on the mowing equipment is paid to the supplier. The total amount of $5,500 due from customers is received. Customers are billed for services provided during the second half of the month. The total amount billed is $9,850. Salaries and wages of $4,650 for the month of April are paid. April 18 April 27: April 28: April 30: April 30