Current Attempt in Progress On Aprit 1, Skysong, inc. began operations. The following transactions were...
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Current Attempt in Progress On Aprit 1, Skysong, inc. began operations. The following transactions were completed during the month. 1. 5tockholders imvested $26,A00 in the buiness in oxcharge fer commonstock 2. Obtained a bank loan for 57,700 ty issuins a note paryable 3. Paid \$12.100 cash to buy equipment: 4. Paid $1,300 cash for April office rent. 5. Paid 51,400 for supplies: 6. Purchased $660 of advertising in the Daily Heruld, on account. 7. Performed services for $19,800 : cash of $2.200 was received from customers, and the balance of $17,600 was billed to customers on account. 8. Paid $440 cash dividend to stockholders 9. Pald the utility bill for the month, $2.200. 10. Pald Daily Herold the amount due in transaction (b). 11. Paid $46 of interest on the bank loan obtainod in transaction (2). 12. Paid employees'salaries and wages \$7,040. 13. Fecelved $13,200 cash from customers billed in transaction (7). Jaurnalize the trantactions, (Credit occount titles are eutomaticaly indented when amount is entered Do not indent manciofla if no entry is required, seied "No Entry" for the eccount titles and enter 0 for the amounts)
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