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Prepare general journal entries to record the transactions

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Reference no: EM132860433

Question - D. Stone Surveying Co completed these transactions during April of the current year:

Apr 1 Began a surveying company by investing $10,000 in cash and office equipment having a $4575 fair value.

Apr 2 Purchased on credit office supplies, $450, and office equipment, $300.

Apr 3 Completed surveying work for client and was paid immediately $500.

Apr 8 Completed surveying work for Acme Loan Co $1500 on credit.

Apr. 10 Paid for the items purchased on credit on April 2.

Apr. 14 Paid $2400 premium for the annual insurance policy.

Apr. 15 Paid semi monthly wages of $1500.

Apr. 18 Received payment in full from Acme Loan Co. for the work completed on April 8.

Apr. 27 D. Stone withdrew $1100 cash from the business to pay personal expenses.

Apr. 30 Paid the April telephone bill, $160.

Required - Prepare general journal entries to record the transactions?

Reference no: EM132860433

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