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 rent eamed this month. April 4 for 5. On April 5, received $1,500 cash from a customer to board her horse in May. June, and July (record as Unearned Revenue). 6. 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 9 On April 9. prepaid a two-year insurance policy for $3,600 for coverage starting in May 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. General Journal General Requirement Trial Balance Analysis Ledger If no entry is required for a transaction/event, select "No journal entry required in the first account field. View transaction list Journal entry worksheet 1 2 3 4 6 12 > Received contributions from investors and issued $200.000 of common stock on April 1. Record the transaction. Note: Enter debits before credits Date General Journal Debit April 01 Credit Journal entry worksheet 12 8 7 6 5 4 3 2 1 Built a barn 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. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit April 02 Record entry Clear entry View geneal journal
Journal entry worksheet 12 7 6 5 3 2 1 On April 5, received $1,500 cash from a customer to board her horse in May, June, and July (record as Unearned Revenue). Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit April 05 Record entry Clear entry View general joumal Requirement General Ledger> Journal entry worksheet 12 6 7 5 3 2 Purchased hay and feed supplies on account on April 6 for $3,000. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit April 08 Record entry Clear entry View general journal Requirement General Ledger Journal entry worksheet > 12 8 7 5 3 2 1 Paid $1,700 on accounts payable on April 7 for previous purchases. Record the transaction. Note: Enter debits before credits. Date General Journa Credit Debit April 07 Record entry Clear entry View general journal Journal entry worksheet 12 8 7 6 3 2 1 Received $1,000 from customers on April 8 on accounts receivable. Record the transaction. Note: Enter debits before credits. Date General Journal Credit Debit April 08 Record entry Clear entry View general journal Requirement General Ledger CO LO Journal entry worksheet 12 9 1 On April 9, prepaid a two-year insurance policy for $3,600 for coverage starting in May. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit April 09 Record entry Clear entry View general journal Requirement General Ledger > Journal entry worksheet > 12 10 7 8 6
