Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $270,000 of common stock on April 1. b. Acquired a barn for $211,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance. C. Provided $19,900 in animal care services for customers on April 3, all on credit. d. Rented stables to customers who cared for their own animals; received cash of $20,000 on April 4 for rent earned this month. e. On April 5, received $3,200 cash from a customer to board her horse in May, June, and July (record as Deferred Revenue). f. Purchased and received hay and feed supplies on account on April 6 for $3,300. g. Paid $2,500 on accounts payable on April 7 for previous purchases. h. Received $1,260 from customers on April 8 on accounts receivable. 1. On April 9. prepaid a two-year insurance policy for $3,800 for coverage starting in May. j. On April 28, paid $1,200 in cash for water and utilities used this month. k. Paid $15,200 in wages on April 29 for work done this month. 1. Received an electric utility bill on April 30 for $2,240 for usage in April; the bill will be paid next month. Required: 1. Prepare the journal entry for each of the above transactions 2. Post the transaction activity from requirement to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial balance as of April 30. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin. 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4A Reg 4B Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the fir month of operations. Cash Accounts Receivable Req 1 Req 2 Reg 3 Reg 4A Reg 4B Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the month of operations. Accounts Receivable Cash Beg Bal Beg Bal End. Bal End. Bal Supplies Prepaid Insurance Bog. Bal Beg. Bal End. Bal End, Bal Buildings Accounts Payable Beg Bal Beg. Bal End, Bal 0 End, Bal Deferred Revenue Notes Payablo (long-term) Beg. Bal Beg Bal Che End. Bal 0 End. Bal Deferred Revenue Notes Payable (long-term) Beg. Bal Beg. Bal End. Bal End. Bal Common Stock Service Revenue Beg. Bal Beg. Bal End. Bal End. Bal Rent Revenue Utilities Expense Beg. Bal Beg. Bal End. Bal End. Bal Salaries and Wages Expense Beg. Bal End. Bal Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 Req 4A Req 4B . Prepare an unadjusted trial balance as of April 30. ok SPICEWOOD STABLES, INC. Unadjusted Trial Balance int Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Service Revenue Rent Revenue Utilities Expense Salaries and Wages Expense Total $ 0 $ 0 e. On April 5, received $3,200 cash from a customer to be f. Purchased and received hay and feed supplies on account on April 6 for $3,300. g. Paid $2,500 on accounts payable on April 7 for previous purchases. h. Received $1,260 from customers on April 8 on accounts receivable. i. On April 9, prepaid a two-year insurance policy for $3,800 for coverage starting in May. j. On April 28, paid $1,200 in cash for water and utilities used this month. k. Paid $15,200 in wages on April 29 for work done this month. 1. Received an electric utility bill on April 30 for $2,240 for usage in April; the bill will be paid nex Book Required: it Print 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin this is the first month of operations. 3. Prepare an unadjusted trial balance as of April 30. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this in preliminary net income and net profit margin. 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4A Req 48 Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close Better Worse Check Debit Credit No Transaction General Journal 270,000 1 (a) Cash Common Stock 270,000 2 (b) 211,000 Buildings Cash Notes Payable (long-term) 105,500 105,500 3 (c) 19,900 Accounts Receivable Service Revenue 19,900 (d) 20,000 Cash Rent Revenue 20,000 5 (e) 3.200 Cash Deferred Revenue 3,200 6 3 3,300 Supplies Accounts Payable 3,300 7 (9) 2,500 Accounts Payable Cash 2,500 8 (h) 1,260 Cash Accounts Receivable hey 1,260 9 ( Prepaid Insurance Cash 3,800 3,800 10 0) Utilities Expense 1,200 Cash 1,200 11 Salaries and Wages Expense 15,200 15 2