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PART B-Question 1 (20 marks) D. Stone Surveying Co completed these transactions during April of the current year: office Apr 1 Began a surveying
PART B-Question 1 (20 marks) D. Stone Surveying Co completed these transactions during April of the current year: office Apr 1 Began a surveying company by investing $10,000 in cash and equipment having a $4575 fair value. Apr 2 Purchased on credit office supplies, $450, and office equipment, $300. Apr 3 Completed surveying work for client and was paid immediately $500 Apr 8 Completed surveying work for Acme Loan Co $1500 on credit Apr. 10 Apr. 14 Apr. 15 Apr. 18 Paid for the items purchased on credit on April 2. Paid $2400 premium for the annual insurance policy. Paid semi monthly wages of $1500 Received payment in full from Acme Loan Co. for the work completed on April 8. Apr. 27 D. Stone withdrew $1100 cash from the business to pay personal expenses. Apr. 30 Paid the April telephone bill, $160. Prepare general journal entries to record the transactions.
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