Business, 12.03.2021 15:20 22justinmcminn

On April 1, Windsor, Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $22,600 in the business in exchange for common stock.
2. Obtained a bank loan for $6,600 by issuing a note payable.
3. Paid $10,300 cash to buy equipment.
4. Paid $1,100 cash for April office rent.
5. Paid $1,350 for supplies.
6. Purchased $560 of advertising in the Daily Herald, on account.
7. Performed services for $16,900: cash of $1,880 was received from customers, and the balance of $15,020 was billed to customers on account.
8. Paid $380 cash dividend to stockholders.
9. Paid the utility bill for the month, $1,880.
10. Paid Daily Herald the amount due in transaction (6).
11. Paid $40 of interest on the bank loan obtained in transaction (2).
12. Paid employees’ salaries and wages, $6,020.
13. Received $11,280 cash from customers billed in transaction (7).
14. Paid income tax, $1,410.

Required:
Journalize the transactions.

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