Minute Maid, a firm providing housecleaning services, began business on April 1, 2019. The following transactions occurred during the month of April.

April 1. Falcon invested $9,000 cash to begin the business in exchange for common stock.

2 Paid $2,850 cash for six months' lease on van for the business.

3 Borrowed $ 10,000 cash from bank and signed note payable agreeing to repay it in 1 year plus 10% interest.

3 Purchased $5,500 of cleaning equipment; paid $2,500 cash with the remainder due within 30 days.

4 Paid $4,300 cash for cleaning supplies.

7 Paid $350 cash for advertisements to run in newspaper during April.

21 Billed customers $3,500 for services performed.

23 Paid $3,000 cash on account to cleaning equipment suppliers (see April 3).

28 Collected $2,300 cash from customers on their accounts.

29 Paid $1,000 cash for dividends.

30 Paid $1,750 cash for April wages.

30 Paid $995 cash to service station for gasoline used during April.

REQUIRED:

a. Record the above transactions for April using the financial statement effects template.

b. The following accounts in its general ledger are needed to record the transactions for April: Cash; Accounts Receivable; Supplies; Prepaid Van Lease; Equipment; Accounts Payable; Notes Payable; Common Stock; Retained Earnings; Cleaning Fees Earned; Van Fuel Expense; Advertising Expense; and Wages Expense. Record the above transactions for April in journal entry form.

c. Set up T-accounts for each of the ledger accounts and post the entries to them (key the numbers in T-accounts by date).