Spicewood Stables Inc was established in Dripping Springs Te

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 Controller. The following transactions for April are provided for your review 1. Received contributions from investors and issued $210,000 of common stock on April 1 2. Built a barn and other buildings for $140,000. 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 $24,500 in animal care services for customers on April 3, all on credit. 4. Rented stables to customers who cared for their own animals; received cash of $22,500 on April 4. 5. On April 5, received $3,950 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 $3,100. 7. Paid $3,500 on accounts payable on April 7 for previous purchases. 8. Received $1,060 from customers on April 8 on accounts receivable 9. On April 9, prepaid a two-year insurance policy for $3,700. for coverage starting in May 10.On April 28, paid $1,490 in cash for water utilities incurred in the month 11.Paid $14,600 in wages on April 29 for work done this month 12.Received an electric utility bill on April 30 for $1,360 for usage in April; the bill will be paid next month Required: 1. Prepare the journal entry for each of the above transactions. (lf no entry is required for a transaction/event, select \"No Journal Entry Required\" in the first account field.)

Solution

for part 4-a provide unadjusted trail balance

Date

Date	Description	Debit	Credit
1-Apr	Cash	$210,000.00
	Common Stock		$210,000.00
	Common stock issued to investors
1-Apr	Building	$ 70,000.00
	Cash		$ 70,000.00
	Half amount for construction of Building paid in advance
1-Apr	Building	$ 70,000.00
	Notes Payable		$ 70,000.00
	Half amount issued as Notes payable for construction of building
3-Apr	Accounts Receivable	$ 24,500.00
	Service Revenue		$ 24,500.00
	Provided services on credit
4-Apr	Cash	$ 22,500.00
	Rent Revenue		$ 22,500.00
	Rent Revenue Received in cash
5-Apr	Cash	$    3,950.00
	Unearned reveue		$    3,950.00
	Amount received in advance for services to be performed
6-Apr	Supplies	$    3,100.00
	Accounts Payable		$    3,100.00
	Supplies purchased on account
7-Apr	Accounts Payable	$    3,500.00
	Cash		$    3,500.00
	Amount paid for previous purchases
8-Apr	Cash	$    1,060.00
	Accounts Receivable		$    1,060.00
	Amount received from customers
9-Apr	Prepaid Insurance	$    3,700.00
	Cash		$    3,700.00
	Amount paid for insurance in advance
28-Apr	Utilities expense	$    1,490.00
	Cash		$    1,490.00
	Water utilities paid
29-Apr	Wage Expense	$ 14,600.00
	Cash		$ 14,600.00
	Wages for month paid in cash
30-Apr	Utilities expense	$    1,360.00
	Accounts Payable		$    1,360.00
	Electricity bill to be paid in April made due