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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

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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 1. Received contributions from investors and issued $200,000 of common stock on April 1 2. Built a bam and other buildings for $142,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance. 3. Provided $16,000 in animal care services for customers on April 3, all on credit. 4. Rented stables to customers who cared for their own animals; received cash of $13,000 on April 4 for rent eamed this month. 5. On April 5, received $1,500 cash from a customer to board her horse in May, June, and July (record as Unearned Revenue). Purchased hay and feed supplies on account on April 6 for $3.000. 7. Paid $1.700 on accounts payable on April 7 for previous purchases. 8. Received $1,000 from customers on April 8 on accounts receivable. 0. On April 9. prepaid a two-year insurance policy for $3,800 for coverage starting in 10. On April 28, paid $800 in cash for water and utilities used this month 11. Paid $14.000 in wages on April 29 for work done this month. 12. Received an electric utility bill on April 30 for $1.200 for usage in April; the bill will be paid next month. Requirement General Trial Balance Analysis Journal If no entry is required for a transaction/event, select "No journal entry required" in the first account View transaction list Journal entry worksheet 3 Received contributions from investors and issued $200,000 of common stock on April 1. Record the transaction. Note: Enter debits before credits. Date April 01 General Journal Debit Credit

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