Albert Mitchell started Worldwide Travel Service on 1 April of the current year, and the business engaged in the following transactions during April:

Required:
a Prepare journal entries to record the preceding transactions.
b List the source documents normally used in recording each of these transactions.

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Date 1 Apr. 3 20 Transaction Albert Mitchell opened the business by depositing a $25 000 personal cheque in the new business' cheque account. Purchased land and a small office building for $2750 and $30 800, respectively, paying $10 850 down and signing a one-year note payable for $22 700. Purchased office equipment at a cost of $6600. Half of the cost was paid in cash, and the remainder is due at the end of May.