Transactions for April 2018 On April 1, 2018, Redmond Corporation, an information technology (IT) consulting company, received $650,000 cash from Ron Larson, and the business issued common stock to him On April 3 Redmond paid $225,000 cash for land. 3 Redmand purchased $1250 of office supplies on account on April 5 4 On April 6 Redmond provided IT consulting services for a client and collected $12,000 cash 5 Redmand provided if consulting services of $14,000 for dients on April 7. The diens will pay Redmond in the future 13 Redmond paid cash expenses on April 10 salaries of 58,000 and office rere of $5,000 137 On April 17, Redmond paid 5750 on the accounts payable created in Transaction 17 Redmond collected $1,000 cash on Apr 14 from a chent in transaction 5 On April 14, Redmond paid $2,500 for dens 30 On April 18, Redmond prepaid office nee of $15,000 for the months of May, June and July 3313 Redmond paid $8,000 satanes to employees on April 20 12 Redmund purchased a building for $520,000 on April 25. A note payable was issued for the entire amount 27 13 On April 26, Redmond received a contribution of furniture with a fair market value of $25,000 from Ron Larson, who received common stock in exchange.. 14 Redmond of phone bill for $1,100 on April 28, and will pay this amount in May Use Units Payable 15 On April 30 Redmond paid employee salaries of 58,000 16 Redmond meets with a client on April 30, who pays $22,000 in advance for consulting services to be performed during May and June 35 17 On April 30, Redmond performed consulting services for clients and receives $16,000 in cash