Question 4 Listed are the April 2020 transactions for Whitters Bike Ltd. Using the joumal entry template provided below, prepare the journal entries: Apr 1 Issued common shares in exchange for cash of $75,000 and equipment of $25,000. Apr 1 Paid monthly rent of $1,500. Apr 4 Purchased inventory, on account for $31,350. Apr 5 Purchased office supplies for $3,000 cash. Performed bike servicing for customers in the amount of $500; received $300 in cash and Apr 11 billed customers for the remainder. Apr 17 Sold 5 bikes for cash of $15,000 Apr 22 Sold 2 bikes on account for $2,500. Apr 26 Paid $2,250 in salaries and $500 in utilities Apr 30 collected customer payment for bikes sold on April 22. Apr 30 Remitted payment to vendor for inventory purchased on April 4. Apr 30 Collected customer payment for bikes sold on April 22. Apr 30 Remitted payment to vendor for inventory purchased on April 4. DATE ACCOUNT DEBIT CREDIT