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Business, 14.02.2020 00:28 jailenevazquez755

On April 1, Marin Inc. began operations. The following transactions were completed during the month. 1. Issued common stock for $24,500 cash. 2. Obtained a bank loan for $7,100 by issuing a note payable. 3. Paid $11,200 cash to buy equipment.4. Paid $1,200 cash for April office rent.5 Paid $1,500 for supplies.6. Purchased $610 of advertising in the Daily Herald, on account. 7. Performed services for $18,400: cash of $2,040 was received from customers, and the balance of $16,360 was billed to customers on account.8. Paid $410 dividend to stockholders.9. Paid the utility bill for the month, $2,040.10. Paid Daily Herald the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2).12. Paid employees' salaries, $6,53013. Received $12,240 cash from customers billed in transaction (7)14. Paid income tax, 1,530 Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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