Prepare journal entries to record the the April transactions in the General Journal below. Remember that Debits must equal CreditsâAll of your Journal Entries should balance.
April Transactions
April 1 - Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock.
April 1 - Purchased insurance for the year and paid $3,600 cash.
April 1 - Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment.
April 3 - Purchased landscaping equipment from Toro for $15,000, paying a downpayment of $10,000 cash, and $5,000 on account.
April 5 - Purchased landscaping supplies of $750 on account.
April 5 - Paid $500 cash for advertising in local newspapers.
April 10 - Received $12,500 in cash for landscaping services provided.
April 12 - Paid $2,000 on account for landscaping equipment previously purchased on April 3rd.
April 15 -
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Prepare journal entries to record the the April transactions in the General Journal below. Remember...
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