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On April 1, Shamrock, Inc. began operations. The following transactions were completed during the month. 1. Issued common stock for $20,200 cash. 2. Obtained a

On April 1, Shamrock, Inc. began operations. The following transactions were completed during the month.

1. Issued common stock for $20,200 cash.
2. Obtained a bank loan for $5,900 by issuing a note payable.
3. Paid $9,200 cash to buy equipment.
4. Paid $1,000 cash for April office rent.
5. Paid $1,200 for supplies.
6. Purchased $500 of advertising in the Daily Herald, on account.
7. Performed services for $15,100: cash of $1,680 was received from customers, and the balance of $13,420 was billed to customers on account.
8. Paid $340 cash dividend to stockholders.
9. Paid the utility bill for the month, $1,680.
10. Paid Daily Herald the amount due in transaction (6).
11. Paid $30 of interest on the bank loan obtained in transaction (2).
12. Paid employees salaries, $5,380.
13. Received $10,080 cash from customers billed in transaction (7).
14. Paid income tax, $1,260.

Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit

1.

enter an account title to record the first transaction

enter a debit amount

enter a credit amount

enter an account title to record the first transaction

enter a debit amount

enter a credit amount

2.

enter an account title to record the second transaction

enter a debit amount

enter a credit amount

enter an account title to record the second transaction

enter a debit amount

enter a credit amount

3.

enter an account title to record the third transaction

enter a debit amount

enter a credit amount

enter an account title to record the third transaction

enter a debit amount

enter a credit amount

4.

enter an account title to record the fourth transaction

enter a debit amount

enter a credit amount

enter an account title to record the fourth transaction

enter a debit amount

enter a credit amount

5.

enter an account title to record the fifth transaction

enter a debit amount

enter a credit amount

enter an account titleto record the fifth transaction

enter a debit amount

enter a credit amount

6.

enter an account title to record the sixth transaction

enter a debit amount

enter a credit amount

enter an account title to record the sixth transaction

enter a debit amount

enter a credit amount

7.

enter an account title to record the seventh transaction

enter a debit amount

enter a credit amount

enter an account title to record the seventh transaction

enter a debit amount

enter a credit amount

enter an account title to record the seventh transaction

enter a debit amount

enter a credit amount

8.

enter an account title to record the eighth transaction

enter a debit amount

enter a credit amount

enter an account title to record the eighth transaction

enter a debit amount

enter a credit amount

9.

enter an account title to record the ninth transaction

enter a debit amount

enter a credit amount

enter an account title to record the ninth transaction

enter a debit amount

enter a credit amount

10.

enter an account title to record the tenth transaction

enter a debit amount

enter a credit amount

enter an account title to record the tenth transaction

enter a debit amount

enter a credit amount

11.

enter an account title to record the eleventh transaction

enter a debit amount

enter a credit amount

enter an account title to record the eleventh transaction

enter a debit amount

enter a credit amount

12.

enter an account title to record the twelfth transaction

enter a debit amount

enter a credit amount

enter an account title to record the twelfth transaction

enter a debit amount

enter a credit amount

13.

enter an account title to record the thirteenth transaction

enter a debit amount

enter a credit amount

enter an account title to record the thirteenth transaction

enter a debit amount

enter a credit amount

14.

enter an account title to record the fourteenth transaction

enter a debit amount

enter a credit amount

enter an account title to record the fourteenth transaction

enter a debit amount

enter a credit amount

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