Problem 3-3A a-b

Wood Maker Ltd. incurred the following selected transactions during the month of April:

Apr.2Paid monthly rent, $800.

3Sold signs to a customer for $1,000 on account. (Hint: Use the Sales account for sales of all products.)

5Sold lawn furniture products for $1,250 cash.

6Purchased additional woodworking equipment for $3,000. The company paid cash of $500 and the balance was due on account in 20 days.

12Collected amount owed by customer for April 3 transaction.

15Declared and paid $150 of dividends to shareholders.

16Purchased lumber for $500 on account. (Hint: Use the Inventory account for lumber.)

19Paid $200 to repair equipment.

20Sold picnic tables to an RV park for $2,000 on account.

25Paid balance owing for purchase of woodworking equipment on April 6.

27

Received $500 from a customer in advance to provide custom signs to be delivered next month.

30Paid salaries to employees of $1,800.