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Spicewood Stables, Incorporated, 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, Incorporated, 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. Recelved contributions from investors and issued $260,000 of common stock on April 1 . b. Acquired a barn for $147,000. On April 2, the company pald half the amount in cash and signed a three-year note payable for the balance. c. Provided $20,600 in animal care services for customers on Apral 3, all on credit. d. Rented stables to customers who cared for their own animats; received cash of $23,000 on April 4 for rent eamed this month. e. On Apri 5, recelved $2.550 cash from a customer to board her horse in May, June, and July (record as Deforred Revenue). CPurchased and recelved hay and feed supplies on account on Aprill 6 for $3,350. 9. Paid $1,920 on accounts poyable on April 7 for previous purchases. n. Recelved $1,420 from customers on April 8 on accounts recelvable. 1. On April 9. prepaid a two-year insurance policy for $4,300 for coverage starting in Moy. 1. On April 28, paid $1,210 in cash for water and utilites used this month. k. Paid $15,100 in wages on April 29 for work done this month. L. Recelved an electric utility bill on April 30 for $2,350 for usage in Aprit, the bill will be paid next month. Prepare the journal entries to record the transactions (o) through (i). (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Received contributions trom investors and issued 1260,000 of commen stock on April 1. Record the transoction. Wotei Pnter debits batare cresita

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