2. Received contributions from Investors and issued $210,000 of common stock on April 1. b. Acquired a barn for $140,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance C Provided $24,500 in animal care services for customers on April 3, all on credit. d. Rented stables to customers who cared for their own animals, received cash of $22,500 on April 4 for rent earned this month. e On April 5, received $3,950 cash from a customer to board her horse in May, June, and July (record as Deferred Revenue). Purchased and received hay and feed supplies on account on April 6 for $3,100. 9. Paid $3,500 on accounts payable on April 7 for previous purchases. Received $1060 from customers on April 8 on accounts receivable On April 9, prepaid a two-year Insurance policy for $3,700 for coverage starting in May. On April 28, paid $1,490 in cash for water and utilities used this month. k. Pald $14,600 in wages on April 29 for work done this month. Received an electric utility bill on April 30 for $1,360 for usage in April; the bill will be paid next month. Required: 1. Prepare the journal entry for each of the above transactions 2. Post the transaction activity from requirement to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations 3. Prepare an unadjusted trial balance as of April 30. 4-6. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary 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 2. Received contributions from Investors and issued $210,000 of common stock on April 1. b. Acquired a barn for $140,000. On April 2, the company paid half the amount in cash and signed a three-year note payable for the balance C Provided $24,500 in animal care services for customers on April 3, all on credit. d. Rented stables to customers who cared for their own animals, received cash of $22,500 on April 4 for rent earned this month. e On April 5, received $3,950 cash from a customer to board her horse in May, June, and July (record as Deferred Revenue). Purchased and received hay and feed supplies on account on April 6 for $3,100. 9. Paid $3,500 on accounts payable on April 7 for previous purchases. Received $1060 from customers on April 8 on accounts receivable On April 9, prepaid a two-year Insurance policy for $3,700 for coverage starting in May. On April 28, paid $1,490 in cash for water and utilities used this month. k. Pald $14,600 in wages on April 29 for work done this month. Received an electric utility bill on April 30 for $1,360 for usage in April; the bill will be paid next month. Required: 1. Prepare the journal entry for each of the above transactions 2. Post the transaction activity from requirement to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations 3. Prepare an unadjusted trial balance as of April 30. 4-6. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary 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