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. Received contributions from investors and issued $230,000 of common stock on April 1 . b. Acquired a barn for $180,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance. c. Provided $18,0005 n animal care services for customers on April 3, all on credit. d. Rented stables to customers who cared for their own animals; recelved cash of $14,000 on April 4 for rent eamed this month e. On April 5, received $3,350 cash from a customer to board her horse in May, June, and July (record as Deferred Revenue). f Purchased and recelved hay and feed supplies on occount on April 6 for $3,800. 9. Pold $1,860 on accounts paysble on April 7 for previous purchases. h. Recelved $2,040 from customers on April 8 on accounts recelvable. IOn April 9, prepoid o two-year insurance policy for $4,800 for coverage starting in May. 1. On April 28, paid $1,140 in cash for woter and utilities used this month. k. Peid $14,800 in wages on April 29 for work done this month. 1. Receved an electric utily bill on Aprit 30 for $1,560 for usage in Aprilt the bill will be paid next month. Aequired: 1. Pripare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement 1 to the T.Accounts below. All accounts bogin with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial balance as of April 30 4-a. Refor to the revenues and expenses shown on the unadjusted thal baiance. Based on this information, calculate preliminary net income and net profit morgin 4-b. Determine whether the net profit margin is better or worse than the 300 percent earned by a close competitor. Req 1 Req 2 Reais Reg 4A Post the trangection activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Salaries and Wages Expense } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Batance & & & \\ \hline \end{tabular} Prepare an unadjusted trial balance as of April 30. 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 with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial baiance as of April 30. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preilminary 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. Refer to the revenues and expenses shown on the unadjusted trial balance, Based on this information, caiculate preliminary net income and net profit margin. (Round your Net Profit Margin answer to 1 decimal place.). Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor