QUESTION 1: Doherty Tree Cellular, Inc., completed the following transactions during April 2012, its first month of operations: Apr 1 2 4 6 9 a. Received $19,800 and issued common stock. Purchased $200 of office supplies on account. Paid $14,300 cash for land to use as a building site. Performed service for customers and received cash of $2,600. Paid $100 on accounts payable. Performed service for UFax on account totaling $1,900. Collected $100 from UFax on account. Paid the following expenses: salary, $1,900; rent, $1,300. 17 23 30 Record the transactions in the journal of Doherty Tree Cellular, Inc. Key transactions by date and include an explanation for each entry. b. After journalizing the transactions post the entries to the ledger, using T-accounts. Key transactions by date. Date the ending balance of each account April 30. c. Prepare the trial balance of Doherty Tree Cellular, Inc., at April 30, 2012 d. Prepare the Income Statement, Retained Earning Statement and, Balance Sheet at April 30, 2012