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Wolverine Incorporated had the following trial balance at the beginning of April. Credits Accounts Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock
Wolverine Incorporated had the following trial balance at the beginning of April. Credits Accounts Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Debits $2,800 900 3,600 9, 100 00:54:06 $2,200 3,600 9,000 1,600 The following transactions occur in April: April 1 Issue common stock in exchange for $15,000 cash. April 2 Purchase equipment with a long-term note for $4,500 from Hoosier Corporation, April 4 Purchase supplies for $1,500 on account. April 10 Provide services to customers on account for $9,000. April 15 Pay creditors on accounts payable, $1,200. April 20 Pay employees $2,300 for the first half of the month. April 22 Provide services to customers for $11,500 cash. April 24 Pay $1,300 on the note from Hoosier Corporation. April 26 collect $7,100 on account from customers. April 28 Pay $1,700 to the local utility company for April gas and electricity. April 30 Pay $3,200 rent for the month of April. Required: 1. Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Requ field.) View transaction list Journal entry worksheet Issue common stock in exchange for $15,000 cash. Note: Enter debits before credits Date April 01 General Journal Debit Credit Record entry Clear entry View general journal
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