Diana Mark is the president of ServicePro, Inc., a company thatprovides temporary employees for not-for-profit companies.ServicePro has been operating for five years; its revenues areincreasing with each passing year. You have been hired to helpDiana in analyzing the following transactions for the first twoweeks of April:
| April | | 2 | | Purchased and received office supplies for $1,400 onaccount. |
| April | | 5 | | Billed the local United Way office $6,600 for temporaryservices provided. |
| April | | 8 | | Paid $430 for supplies purchased and recorded on account lastperiod. |
| April | | 8 | | Placed an advertisement in the local paper for $1,300cash. |
| April | | 9 | | Purchased new equipment for the office costing $4,100cash. |
| April | | 10 | | Paid employee wages of $3,000 incurred in April. |
| April | | 11 | | Received $2,800 on account from the local United Way officebilled on April 5. |
| April | | 12 | | Purchased land as the site of a future office for $19,000. Theland value was appraised as $29,000. Paid $2,700 down and signed along-term note payable for the balance. |
| April | | 13 | | Issued 2,700 additional shares of common stock for $50 per sharein anticipation of building a new office. |
| April | | 14 | | Billed Family & Children's Services $3,800 for servicesrendered this month. |
| April | | 15 | | Received the April utilities bill for $1,200 to be paid nextmonth. |
Required:
For each of the transactions, prepare journal entries.(If no entry is required for a transaction/event, select"No Journal Entry Required" in the first accountfield.)
1
Record the purchase and receipt of office supplies for $1,400 onaccount.
2
Record the entry for billing the local United Way office $6,600for temporary services provided.
3
Record the payment of $430 for supplies purchased and recordedon account last period.
4
Record the entry for placing an advertisement in the local paperfor $1,300 cash.
5
Record the purchase of new equipment for the office costing$4,100 cash.
6
Record the payment of employee wages of $3,000 incurred inApril.
7
Record the receipt of $2,800 on account from the local UnitedWay office billed on April 5.
8
Record the entry for purchase of land as the site of a futureoffice for $19,000. The land value was appraised as $29,000. Paid$2,700 down and signed a long-term note payable for thebalance.
9
Record the issuance of 2,700 additional shares of common stockfor $50 per share in anticipation of building a new office.
10
Record the entry for billing Family & Children’s Services$3,800 for services rendered this month.
11
Record the receipt of the April utilities bill for $1,200 to bepaid next month.
Note: Enter debits before credits.
