Diana Mark is the president of TempEmp, Inc., a company that provides temporary employees for not-for-profit companies. TempEmp has been operating for five years; its revenues have increased each year. You have been hired to help Diana in analyzing the following transactions for the first two weeks of April 2017: 

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 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 

Required: 

For each of the transactions, prepare journal entries. Be sure to categorize each account as an asset (A), liability (L), shareholders’ equity (SE), revenue (R), or expense (E).