On 1 April 2015, Kenny’s Equipment Hire opened for operations. Kenny Kowslowski contributed the capital of the business of $720000 cash. He has asked you to be record-keeper for the business on a part-time basis, and you initially establish the need for the following accounts (and numbers). Additional accounts may need to be added in the near future. GST is ignored.

Cash at Bank Accounts Receivable Land Building Motor Vehicles Hire Equipment Accounts Payable Mortgage Payable Kenny Kowslowski, Capital Kenny Kowslowski, Drawings Equipment Hire Income	100 110 120 130 150 170 220 250 300 310 320

During April the following transactions were undertaken by the business, including the initial investment by the owner:

	April	1 2 4 7		Kenny Kowslowski contributed $720000 to the business. The business acquired land for $300000 and a building on the land for $160000. A cash payment of $100000 was made and  a mortgage loan with the Bank of Australia was arranged for the balance owing. Purchased gardening, maintenance and repair equipment to hire out to customers for $450 000 from General Equipment  Manufacturers. The business paid $200000 cash, and the remainder was due to be paid in 30 days. A garden mulcher was transferred from the business to the owner, Kenny Kowslowski, for cost price of $2500.
		10 13 28 29 30		A trailer was found to be defective, and the business returned it to General Equipment Manufacturers.  The amount due to the creditor was reduced by $12000. The business acquired some computer equipment for the main office at a total cost of $8200, paid in cash. Equipment hire income of $21600 was received in cash. Paid the remaining cash owing to General Equipment Manufacturers. The business paid wages of $2200 to you for keeping the accounts. Equipment hire income of $14 400 was received in cash and an additional $6000 remained owing by clients.

Required

1. Prepare general journal entries for the business for the month of April.

2. Post these entries to appropriate T accounts and determine their balances.

3. Provide an analysis for each transaction to explain each entry you have made in A..