Reference no: EM133238787

Journalize the following 10 (ten) transactions below. Do not include the dates or explanations for the journal entries. Only the accounts and amounts to be debited or credited should be included in your entries.

On April 1, 2022, 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.

Redmond purchased $1,250 of office supplies on account on April 5.

On April 6, Redmond provided IT consulting services for a client and collected $12,000 cash.

Redmond provided IT consulting services of $14,000 for clients on April 7. The clients will pay Redmond in the future.

Redmond paid cash expenses on April 10: salaries of $8,000 and office rent of $5,000.

On April 12, Redmond paid $750 on the accounts payable created in Transaction #3.

Redmond collected $3,000 cash on April 14 from a client in transaction #5.

On April 16, Redmond paid $2,500 for dividends.

On April 18, Redmond prepaid office rent of $15,000 for the months of May, June, and July.