this is general entries correct

Date Description April 1, 2018 Jaymie Demears and Rick Mester each invested $20,000 to establish Dora's Diner. Each were issued 4,000 shares of $5 par value common stock. April 1, 2018 The partners negotiated a 3-year lease of a diner at $2,500 per month. The landlord required a payment of $12,500 for 4 months of rent plus a $2,500 security deposit. April 1, 2018 Purchased equipment, and furniture for $15,000 and $3,500, respectively. The company paid $5,000 and signed a 5% note for the remaining balance. The monthly payment including principal and interest is $675.00 The equipment has a 7-year useful life and furniture has a 5-year useful life. Neither has any residual value. April 1, 2018 Preston Hill, a local B & B, arranges with Dora's Diner to provide breakfast for their guests at $12 per person per day. Dora's Diner will bill the B & B at the end of each month for the meals provided. Payment is required by the 10th of the next month. April 1, 2018 The company took a $35,000 small business loan from a local bank. The loan is an "interest only" loan for 3 years at a fixed rate of 10% per year. A balloon payment of the principal will be due in 3 years. The monthly interest is due by the 10th of the following month. April 3, 2018 Food purchases in the amount of $5,300 paid in cash (directly to expense, ignore inventory and cost of goods sold). April 6, 2018 Purchased $1,300 of supplies on account from Restaurants Suppliers. April 8, 2018 Paid invoice from Insurance company for 1-year comprehensive coverage beginning April 1, 2018 for a total of $3,600. April 8, 2018 Received $5,800 in cash and credit card receipts from customers April 1 - 8, 2018. April 15, 2018 Paid $1,500 in wages expense for the period April 1 - April 15, 2018. April 15, 2018 Food purchases in the amount of $2,200 paid in cash (directly to expense, ignore inventory and cost of goods sold). April 17, 2018 Received $4,700 in cash and credit card receipts from customers for April 9 - 15, 2018. April 20, 2018 Paid 1/2 amount due to Restaurant Suppliers. April 21, 2018 Received $4,500 in cash and credit card receipts from customers April 16 - 21, 2018. April 23, 2018 Paid for cleaning and maintenance expense in cash in the amount of $1,600. April 29, 2018 Paid remaining balance to Restaurant Suppliers April 30, 2018 Received $4,200 in cash and credit card receipts from customers April 22 -29, 2018. April 30, 2018 Equipment and Furniture Note Payment # 1 - Total $675.00 (Principal = $578.75; Interest = $96.25) April 30, 2018 Paid $1,500 in wage expense for the period April 16 - April 30, 2018. April 30, 2018 Paid credit card in full with the following charges incurred in April 2018: Licenses and Fees - $350; Printing - $800; Uniforms - $300; Advertising $1,000; Postage $125 April 30, 2018 Sent invoice to Preston Hill B & B for month of April in the amount of $750. April 30, 2018 Sold $300 in gift certificates to customers in cash. April 30, 2018 Paid dividends to shareholders in the amount of $500.

General Journal - Month of April 2018 Date Description PR Debit Credit April 1, Cash 101 40,000.00 Common Stock(4,000 shares of $5 par value common stock) 310 40,000.00 1 Security Deposit 165 2,500.00 Prepaid Rent(4 months) 120 10,000.00 Cash 101 12,500.00 1 Equipments 140 15,000.00 Furniture 150 3,500.00 Cash 101 5,000.00 Note payable 210 13,500.00 1 Cash 101 35000 Note payable 210 35000 3 Food expense 620 5300 Cash 101 5,300.00 6 Supplies 115 1300 Account payable 203 1,300 8 Prepaid Insuance 125 3600 cash 101 3,600 8 Cash 101 5800 Sales Revenue 105 5,800.00 15 Wages expense 690 1500 Cash 101 1,500.00 15 Food expense 620 2,200.00 Cash 101 2,200.00 17 Cash 101 4,700.00 Sales Revenue 105 4,700.00 20 Account payable 203 650.00 Cash 101 650.00 21 Cash 101 4,500.00 Sales Revenue 501 4,500.00 23 Cleaning & maintenance expense 698 1,600.00 Cash 101 1,600.00 29 Account payable 203 650.00 Cash 101 650.00 30 Cash 101 4,200.00 Sales Revenue 105 4,200.00 30 Note payable 210 578.75 Interest payable 240 96.25 Cash 101 675.00 30 Wage expense 690 1,500.00 cash 101 1,500.00 30 Licenses and Fee 665 350.00 Printing Expense 655 800.00 Uniforms 695 300.00 Advertising 605 1,000.00 Postage 660 125.00 Cash 101 2,575.00 30 Account Receivable 105 750.00 Sales Revenue 501 750.00 30 Cash 101 300.00 Gift Certificates 208 300.00 30 Dividends Expense 700 500.00 Cash 101 500.00