Reference no: EM132465266

On April 1, 2013 Kristy Clown established "You're a Fool" interior designs. During the month, Kristy completed the following transactions:

Apr.

Point 1: 1. Kristy transferred cash from a personal bank account to an account to be used for the business, $15,000.

Point 2: 2. Paid rent for period of April 2 to end of month, $2,350.

Point 3: 6. Purchased office equipment on account, $10,000.

Point 4: 8. Purchased a used truck for $21,000, paying $2,000 cash and giving a note payable for the remainder.

Point 5: 10. Purchased supplies for cash, $1,200.

Point 6: 12. Received cash for job completed, $8,500.

Point 7: 15. Sent her boyfriend, Bobo, flowers on her personal credit card, $90.

Point 8: 23. Recorded jobs completed on account and sent invoices to customers, $6,000.

Point9: 29. Paid utilities expense, $1,100.

Point 10: 30. Received cash from customers on account, $3,500.

Point 11: 30. Paid creditor a portion of the amount owed for equipment purchased on April 6, $2,500.

Point 12: 30. Withdrew cash for personal use, $1,750.

Required:

Question 1: Prepare Journal Entries in good form to record the above transactions.