Previous transactions:

Bracken transferred $4,000 cash to the corporation in exchange for 4,000 shares of stock. Bracken exchanged a racquet stringer and a ball machine (which he owned), valued at $1,000, for 1,000 shares of common stock. Taum Sauk received a bank loan of $3,000. The loan agreement required Taum Sauk to repay the note on April 1, 2018 along with 10% interest.Taum Sauk signed a lease with a local recreation camp to rent its tennis courts and facilities for one year. Taum Sauk agreed to pay $750 a month for these items and paid $2,250 in cash for the first 3 months rent. The lease agreement included an option for Bracken to renew the lease at the end of the first year, but at a higher price if Bracken earned more than $25,000 during the year.Taum Sauk acquired 200 cans of tennis balls for a total of $200 cash. Bracken planned to use them during tennis lessons, and not for resale to clients. Taum Sauk acquired 23 tennis racquets for $2,300, paid half in cash and half on account. Bracken planned to sell these racquets for about $175 each to his clients. Ken Wilson, an old friend of Brackens and the local representative of a major tennis shoe manufacturer visited Bracken and asked about a sponsorship deal. They agreed to meet again in a month or so. Ken left a pair of tennis shoes with Bracken as a token of good faith for the future sponsorship deal. Bracken took his family out to dinner to celebrate his new business, which cost $85, including tip and taxes. On April 15, 2017, Taum Sauk sold 8 racquets to clients for $160 cash each. The racquets are those acquired in transaction 6 above.

During the month of April 2017, Bracken provided a variety of tennis lessons and classes. For these services, he received $2,300 in cash, and clients owed him an additional $450. Bracken expected to collect this $450 amount within the following month.

Dates	Accounts	LF	Debit	Credit
4/30/17

Tyler Kornacova contacted Bracken on April 29, 2017 to determine if he could become a tennis pro at Taum Sauk. Tyler proposed that he be paid $1,000 a month, plus 30% of his billings. Bracken, still slightly sore over the tennis injury, said he would consider the offer.

Dates	Accounts	LF	Debit	Credit
4/29/17

Taum Sauk paid Bracken $2,300 as salary for April 2017.

Dates	Accounts	LF	Debit	Credit
4/30/17