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- On an individual basis. - Subject: Recording Business Transactions according to US GAAP. Costa Co. had the following events and transactions: - Apr1 Stockholders
- On an individual basis. - Subject: Recording Business Transactions according to US GAAP. Costa Co. had the following events and transactions: - Apr1 Stockholders invested $50,000 cash in exchange for common stock. - 1 Hired a secretary with a salary of $950 per week payabu monthly. - 2 Office rent was paid for the month $1,900. - 3 Purchased supplies on account for $10,500. - 10 Performed services and billed the client $10,000. - 11 Received \$3,090 cash advance for services in May 2020. - 20 Signed a 2-year rental agreement on a warehouse; paid $35,000 cash in advance for the first year - 30 Paid receptionist salary for the month. - 30 Paid for supplies purchased on 3rd of April. - 30 Declared and paid an $1600 cash dividend. Required: (a) Journalize the transactions. (b) Post to the ledger accounts (c) Prepare a trial balance on April 30, 2020
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