Redmond Company started operations on April 1, 2018. Seventeen transactions occurred during April. Financial statements are prepared at the end of the month. Transactions for April 2018

On April 1, 2018, Redmond Company, an information technology (IT) consulting company, received $650,000 cash from the owner, Ron Larson.

On April 3, Redmond paid $225,000 cash for land.

Redmond purchased $1,250 of office supplies on account on April 5.

On April 6, Redmond provided IT consulting services for a client and collected $12,000 cash.

Redmond provided IT consulting services of $14,000 for clients on April 7. The clients will pay Redmond in the future.

Redmond paid cash expenses on April 10: salaries of $8,000 and office rent of $5,000.

On April 12, Redmond paid $750 on the accounts payable created in Transaction #3.

Redmond collected $3,000 cash on April 14 from a client in transaction #5.

On April 16, Ron Larson withdrew $2,500 cash.

On April 18, Redmond prepaid office rent of $15,000 for the months of May, June and July.

Redmond paid $8,000 salaries to employees on April 20.

Redmond purchased a building for $520,000 on April 25. A note payable was issued for the entire amount.

On April 26, Redmond received a contribution of furniture with a fair market value of $25,000 from Ron Larson.

Redmond received a cell phone bill for $1,100 on April 28 and will pay this amount in May. Use Utilities Payable.

On April 30, Redmond paid employee salaries of $8,000.

Redmond meets with a client on April 30, who pays $22,000 in advance for consulting services to be performed during May and June.

On April 30, Redmond performed consulting services for clients and received $16,000 in cash. Date Account and Explanation DR CR (enter explanation below the journal entry)

Date Account & Explanation DR CR