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Please help me finish all the answers. And please tell me how the options i in account payable and utilities expense in the second and

Please help me finish all the answers. And please tell me how the options i in account payable and utilities expense in the second and third pictures should come up with the answer. image text in transcribed
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PA3-3 Analyzing the Effects of Transactions Using T-Accounts, Preparing an Unadjusted Trial Balance, and Determining Net Income and Net Profit Margin (LO 3-1, LO 3-2, LO 3-3, LO 3-4, LO 3-5) Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $220,000 of common stock on April 1. b. Acquired a barn for $153,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance. c. Provided $16,600 in animal care services for customers on April 3, all on credit d. Rented stables to customers who cared for their own animals, received cash of $21,500 on April 4 for rent earned this month. e. On April 5, received $2.350 cash from a customer to board her horse in May, June, and July (record as Deferred Revenue). Purchased and received hay and feed supplies on account on April 6 for $3,600. g. Paid $2.900 on accounts payable on April 7 for previous purchases. h. Received $1,140 from customers on April 8 on accounts receivable. 1 On April 9, prepaid a two-year Insurance policy for $3,500 for coverage starting in May. X. On April 28. paid $1.270 in cash for water and utilities used this month, k. Paid $14.700 in wages on April 29 for work done this month. Received an electric utility bill on April 30 for $1,960 for usage in April the bill will be paid next month. Required: 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. Required: 1. Prepare the journal entry for each of the above transactions 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial balance as of April 30. 4-o. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin. 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4A Reg 4B Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. Cash Accounts Receivable Beg. Balo Beg. Balo 16,600 1,140 (n) (d) 220,000 21,500 2,350 1,1401 76,500 (6) 2,900 (9) 3,5000 1,270 (0) 14,700 (k) End. Bal 15,460 End. Bal 146, 120 Supplies Prepaid Insurance Beg. Bal 103 Beg. Bal 10) ,600 3,500 End Bal 3,600 End. Bal 3,500 Buildings Accounts Payable Beg Bal ? Beg. Bal (b) 153,000 2,900 3,600 (0) End. Bal 153,000 End. Bal 700 Deferred Revenue Notes Payable (long-term) Beg Bal Beg Bal 2,350 fle) 76,500 (6) End. Bal 2,350 End. Bal 76,500 Common Stock Service Revenue Beg Bal Beg. Bal 220,000 (a) 16,600 (c) End. Bal 220,000 End. Bal 16 600 Utilities Expense Beg. Bal Rent Revenue 0 [ 21,500 (d) Beg Bal 1,270 End Ral 21.500 End. Bal 1,270 Salaries and Wages Expense Beg Bal 14,700 Reg 1 Reg 2 Reg 3 Req 4A Req 4B Prepare an unadjusted trial balance as of April 30. Credit SPICEWOOD STABLES, INC. Unadjusted Trial Balance At April 30 Debit Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Service Revenue Rent Revenue Utilities Expense Salaries and Wages Expense Total $ 0 $ 0 - Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Req 4A Req 4B Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin. (Round your Net Profit Margin answer to 1 decimal place.) Preliminary Net Income Net Profit Margin Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4A Req 4B Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. Better Worse

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