![Chrome File Edit View History Bookmarks People Window Help Chapter 3 HW Previous Attempt View ezto.mheducation.com/hm.tpx pps Bookmarks 21. 0.42 points PA3-3 Analyzing the Effects of Transactions Using T-Accounts, Preparing an Unadjusted Tria Margin [LO 3-1, LO 3-2, LO 3-3, LO 3-4, LO 3-5] Spicewood Stables, Inc. was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new Assistant Controllier. The following transactions for April are provided for your review 1. Received contributions from investors and issued $220,000 of common stock on April 1 2. Built a barn and other buildings for $153,000. On April 2, the company paid half the amount in cash on April 1 and signed a three-year note payable for the balance. 3. Provided $16,600 in animal care services for customers on April 3, all on credit. 4. Rented stables to customers who cared for their own anlimals; received cash of $21,500 on April 4 5. On Apri 5, received $2,350 cash from a customer to board her horse in May, June, and July (record as Unearned Revenue) 6. Purchased hay and feed supplies on account on April 6 for $3,600. 7. Paid $2,900 on accounts payable on April 7 for previous purchases 8. Received $1,140 from customers on April 8 on accounts receivable. 9. On April 9, prepaid a two-year insurance policy for $3,500. for coverage starting in May. 10.On April 28, paid $1,270 in cash for water utilities incurred in the month. 11.Paid $14,700 in wages on April 29 for work done this month 12.Received an electric utility bill on April 30 for $1,960 for usage in Apnil; the bill will be paid next month. Required 1. Prepare the journal entry for each of the above transactions. (If no entry is required for a transactionlevent, select No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal DebitCredit](https://media.cheggcdn.com/media%2F001%2F0013d941-7c88-4218-baba-2518f4eb367d%2Fimage)
Chrome File Edit View History Bookmarks People Window Help Chapter 3 HW Previous Attempt View ezto.mheducation.com/hm.tpx pps Bookmarks 21. 0.42 points PA3-3 Analyzing the Effects of Transactions Using T-Accounts, Preparing an Unadjusted Tria Margin [LO 3-1, LO 3-2, LO 3-3, LO 3-4, LO 3-5] Spicewood Stables, Inc. was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new Assistant Controllier. The following transactions for April are provided for your review 1. Received contributions from investors and issued $220,000 of common stock on April 1 2. Built a barn and other buildings for $153,000. On April 2, the company paid half the amount in cash on April 1 and signed a three-year note payable for the balance. 3. Provided $16,600 in animal care services for customers on April 3, all on credit. 4. Rented stables to customers who cared for their own anlimals; received cash of $21,500 on April 4 5. On Apri 5, received $2,350 cash from a customer to board her horse in May, June, and July (record as Unearned Revenue) 6. Purchased hay and feed supplies on account on April 6 for $3,600. 7. Paid $2,900 on accounts payable on April 7 for previous purchases 8. Received $1,140 from customers on April 8 on accounts receivable. 9. On April 9, prepaid a two-year insurance policy for $3,500. for coverage starting in May. 10.On April 28, paid $1,270 in cash for water utilities incurred in the month. 11.Paid $14,700 in wages on April 29 for work done this month 12.Received an electric utility bill on April 30 for $1,960 for usage in Apnil; the bill will be paid next month. Required 1. Prepare the journal entry for each of the above transactions. (If no entry is required for a transactionlevent, select “No Journal Entry Required” in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal DebitCredit
