Question
Please show how to enter. REQUIREMENT : Post the April journal entries to the following T-Accounts and compute ending balances. April 1 - Started a
Please show how to enter. REQUIREMENT : Post the April journal entries to the following T-Accounts and compute ending balances.
April 1 - Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock.
April 1 - Purchased insurance for the year and paid $3,600 cash.
April 1 - Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment.
April 3 - Purchased landscaping equipment from Toro for $15,000, paying a downpayment of $10,000 cash, and $5,000 on account.
April 5 - Purchased landscaping supplies of $750 on account.
April 5 - Paid $500 cash for advertising in local newspapers.
April 10 - Received $12,500 in cash for landscaping services provided.
April 12 - Paid $2,000 on account for landscaping equipment previously purchased on April 3rd.
April 15 - Provided landscaping services on account for $1,200.
April 20 - Received $10,500 in cash for landscaping services provided.
April 28 - Received $600 cash on account for landscaping services performed on April 15th.
April 30 - Received $4,000 cash for landscaping services provided.
April 30 - Paid a utility bill of $700 cash.
April 30 - Paid dividends of $3,000 cash
April 30 - The inventory of landscaping supplies showed a balance of $300 on hand at the end of the month.
REQUIREMENT : Post the April journal entries to the following T-Accounts and compute ending balances.
Date Cash (111) Date Landscape Service Revenue (411)
Prepaid Insurance (117) Warehouse Rent Expense (511)
Landscaping Supplies (119) Common Stock (311)
Landscaping Equipment (144) Dividends (313)
Accounts Receivable (115) Advertising Expense (512)
Accounts Payable (212) Landscaping Supplies Expense (514)
Utility Expense (517)
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