Double Tree Cellular, Inc., completed the following transactions during April 20X6, its first month of operations:

Required
Record the transactions in the journal of Double Tree Cellular, Inc. Key transactions by date and include an explanation for each entry, as illustrated in the chapter.

Received $25,000 and issued common stock. 2 Purchased $800 of office supplies on account. 4 Paid $20,000 cash for land to use as a building site. 6 Performed service for customers and received cash of $2,000 9 Paid $100 on accounts payable. Apr. 1 Performed service for FedEx on account totaling $1,200. Collected $900 from FedEx on account. Paid the following expenses: salary, $1,000; rent, $500. 17 23 30