company begins business April 1 2013. here are the transactions: 1. corpora

company begins business April 1 2013. here are the transactions:

1. corporation issues $50000 of stock

2. equipment for $30000 was purchased $20000 in cash balance on account

3. 6 month insurance policy was purchased on 4/1/2013 for $6000 cash

4. wages of $12000 were paid

5. borrowed $10000 from bank due in 6 months at 10% interest

6. sales were $30000 all on account

7. made cash collections of $9000 on accounts receivable

8. paid $6000 due on equipment purchase

9. sold gift cards for $4000

10. supplies were purchased for $1500 cash

11. dividends of $3000 were paid

miscellaneous info

1. depreciation is $500 for the month

2. interest on the note is $100 for the month

3. gift cards worth $1500 were made in April

4. an inventory of supplies showed $900 remaining

required:

1. prepare all necessary journal entries for the month of April 2013

2. prepare the income statement retained earnings statement and balance sheet for April