March 1 for 20,000 shares of chased office space for $440,000, of which $180,000 was purchase price. March 10 Computer equipment was purchased from CompAmerica for $14,000cash. March 12 Ofiee furnishings were purchased from The Furniture Barn at a cost of agreement was made to pay another $4,000 on March 28 and the remaining balance on July 1. The Furniture Barn did not require that O.C. Consulting sign a promissory note. March 20 Office supplies were purchased from Office Online for $1,800cash. March 25 Oor. Consulting billed customers for consulting services provided in March March 26 The company mailed The Furniture Barn the first installment of $4,000 due on the account payable for office furnishings purchased on March 12 . March 27 The company received and paid the following bills for the month of March: utilities $2,400 and telephone $260. March 28 The company paid $8,400 for employees' salaries in March. March 29 Received \$22,000 from customers in partial settlement of the account receivable created on March 25. castruetions (a) Prepare journal entries to record the above transactions. Select the appropriate account titles from the following chart of accounts: (b) Post the journal entry for each transaction to the appropriate ledger accounts. P Prepared a trial balance dated March 31, 205. Problem 3-4 - Journalizing Transactions, Posting to the Ledger, and Preparing a Trial Balance John Swifty organized a corporation to provide plumbing services. The company, called Swifty Plumbing, Inc., began operations in April 20x5. Transactions during the month of April were as follows: April 1 The corporation issued 40,000 shares of capital stock to John Swifty in exchange for $80,000 cash. April 5 Purchased a truck for $44,000. Made a $12,000 cash down payment and issued a note payable for the remaining balance. April 7 Paid West Office Park \$1,800 to rent office space for the month. April 9 Billed customers $12,000 for plumbing services for the first half of April. April 10 Paid $6,400 in salaries eamed by employees during the first half of April. April 14 Paid Fred's Auto $1,200 for maintenance and repair services on the company truck. April 16 Collected $4,200 of the amounts billed to customers on April 9. April 28 Billed customers $14,400 for services performed during the second half of the month. April 30 Paid $6,400 in salaries eamed by employees during the second half of the month. April 30 Received a $1,200 bill from Pete's Petroleum for fuel purchased and used in April. The entire amount is due by May 20. April 30 Declared a $1,000 dividend payable on May 20. Instructions (a) Prepare journal entries to record the above transactions. Select the appropriate account titles from the following chart of accounts: (b) Post each transaction to the appropriate ledger accounts. Prepared a trial balance dated April 30,205