Sydney Stables Inc. was established on April 1, 2020. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new accountant. The below transactions for April 2020 are provided: Received contributions from five investors of $60,000 in cash (ST2,000 each), a barn valued at $100,000, and land valued at $90.000, Each investor received 3,000 shares. b. Built a small barn for $62,000. The company paid half the amount in cash on April 1, 2020, and signed a three-year note payable for the balance. e Provided animal care services to customers, all on credit, for $35.260. d Rented stables to customers who cared for their own animals, and received eash payment of $13,200. e Received from a customer $2.400 to board her horse in April, May, and June (record as deferred revenue). Purchased hay and feed supplies on account for $3.180 to be used in the summer. s Paid $1.240 in cash for water utilities expense incurred in the month. hPaid $2,700 on accounts payable for previous purchases. Received $10.000 from customers on accounts receivable. Paid $6,000 in wages to employees who worked during the month. k Purchased a one-year insurance policy for $3.600 at the end of the month. 1. Received an electric utility bill for $1.800 for usage in April, the bill will be paid in May. Paid $500 cash dividend to each of the investors at the end of the month. D Page Id You must complete the following tasks below for the month of April in the Excel workbook provided. Required: Part 1. Prepare a journal entry to record each transaction. You must provide a short explanation for each transaction. Part 2. Setup appropriate T-accounts. All accounts begin with 0 balances. Part 3. Record in the T-accounts the effects of each transaction for Sydney Stables in April, referencing each transaction in the accounts with the transaction letter. Show the ending balances in the T-accounts. Part 4. Prepare a trial balance. Part 5. Prepare a statement of earnings, a statement of shareholders' equity and a statement of financial position for the month ended April 30, 2020.

Sydney Stables lec was established on April 1, 2020. The company provides stables, care for animals, and erounds for ridine and showine horses. You have been hired as the new atcountant. The below transactions for April 2020 are providect. You must complete the following tasks below for the month of Aprif in the Excel workbook provided. Requines: Fart 4. Propaisostrial siance. mesth ended Aeil 30,2020 Sydney Stables lec was established on April 1, 2020. The company provides stables, care for animals, and erounds for ridine and showine horses. You have been hired as the new atcountant. The below transactions for April 2020 are providect. You must complete the following tasks below for the month of Aprif in the Excel workbook provided. Requines: Fart 4. Propaisostrial siance. mesth ended Aeil 30,2020