Diana Mark is the president of ServicePro, Inc., a company that provides temporary employees for not-for-profit companies. ServicePro has been operating for five years; its revenues are increasing with each passing year. You have been hired to help Diana in analyzing the following transactions for the first two weeks of April 2010:
April 2 Purchased office supplies for $500 on account.
April 5 Billed the local United Way office $1,950 for temporary services provided.
April 8 Paid $250 for supplies purchased and recorded on account last period.
April 8 Placed an advertisement in the local paper for $400 cash.
April 9 Purchased new equipment for the office costing $2,300 cash.
April 10 Paid employee wages of $1,200, which were incurred in April.
April 11 Received $1,000 on account from the local United Way office billed on April 5.
April 12 Purchased land as the site of a future office for $10,000. Paid $2,000 down and signed a note payable for the balance.
April 13 Issued 2,000 additional shares of stock for $40 per share in anticipation of building a new office.
April 14 Billed Family & Children\’s Services $2,000 for services rendered this month.
April 15 Received the April telephone bill for $245 to be paid next month.
1 Prepare the journal entries For above the transactions.
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