Thank you so much for any help! Greatly appreciated! Problem 7.1 1 and 7 o

Thank you so much for any help! Greatly appreciated!

Problem 7.1 1 and 7 only (pages 208-209): Biando Corporation began operations on May 1 2010 and completed the
following transactions during its first month of operations. A. Sold capital stock for $30000.
B. Purchased land and building valued at $35000 and $165000 respectively by paying $10000 cash and signing a 20-year mortgage for the
balance.
C. Purchased office equipment on account $7500.
D. Billed a customer for services performed $5000.
E. Received an $800 deposit from a customer for services to be performed next month.
F. Made a partial payment on account for the office equipment purchased in
transaction (C) $1500.
G. Performed a service and immediately collected $2000.
H. Received and immediately paid the telephone bill for the month $380.
I. Paid a dividend to owners $3000.
J. Received but did not pay the monthly utility bill $450.

1. Prepare the general journal entries to record each of these events.

7. Prepare the closing entries.