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Sunny Valley Stables inc was established on April 1 . The company provides stables, care for animals, and grounds for riding and showing horses, You

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Sunny Valley Stables inc was established 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 financial controller. The following transactions for April are provided for your review. a. Recelved contributions from five investors of $200,000 in cash (\$40,000 each). b. Built a barn for \$142.000; paid half the amount in cast on Aprill 1 and signed a three-year note payable for the balance. c. Provided $15,260 in animal cate services for customers, all on credit. d. Rented stables to customers who cared for their own animals; received cash of $13,200. e. Received from a customer $1,500 to board her horse in May, June, and July (record as Deferred Revenue). CPurchased hay and teed supplies on account for $3,210. g. Paid $840 in cash for water utaties incurred in the month. h. Paid $1,700 on accounts payable for previous purchases. 1. Received \$1,000 from customers on accounts recelvable. 1. Paid $4,000 in wages to employees who worked during the month. k. At the end of the month, prepald o two-yeat insurance policy for $3,600. 1. Received an electric utility bill for $1,200 for usage in Aprit; bill will be paid next month. Required: 1. \& 2. Record in the T-accounts the effects of each transaction for Sunny Volley Stables in Aprit, referencing each transaction in the accounts with the transaction letter. Alt accounts begin wath zero balances. Show the unadjusted ending balances in the T-accounts

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