Question - Harris Tree Cellular, Inc., completed the following transactions during April 2010, its first month of operations:
Apr 1 Received $19,100 and issued common stock.
Apr 2 Purchased $300 of office supplies on account.
Apr 4 Paid $14,700 cash for land to use as a building site.
Apr 6 Performed service for customers and received cash of $2,700.
Apr 9 Paid $200 on accounts payable.
Apr 17 Performed service for ShipEx on account totaling $1,000.
Apr 23 Collected $200 from ShipEx on account.
Apr 30 Paid the following expenses: salary, $1,300; rent, $500.
Requirement - Record the transactions in the journal of Harris Tree Cellular, Inc. Key transactions by date and include an explanation for each entry.