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$15$ Spicewood Stables, Incorporated, was established in Dripping Springs, Texas, on April $1.$ The company provides stables, care for

points animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions

for April are provided for your review.

a$.$ Received contributions from investors and issued $$300,000$ of common stock on April $1.$

b$.$ Acquired a barn for $$222,000.$ On April $2,$ the company paid half the amount in cash and signed a three$-$year note payable for the

balance.

c$.$ Provided $$16,900$ in animal care services for customers on April $3,$ all on credit.

d$.$ Rented stables to customers who cared for their own animals; received cash of $$19,000$ on April $4$ for rent earned this month.

e$.$ On April $5,$ received $$1,850$ cash from a customer to board her horse in May, June, and July $($record as Deferred Revenue$).$

f$.$ Purchased and received hay and feed supplies on account on April $6$ for $$4,100.$

g$.$ Paid $$2,000$ on accounts payable on April $7$ for previous purchases.

$h.$ Received $$1,300$ from customers on April $8$ on accounts receivable.

i$.$ On April $9,$ prepaid a two$-$year insurance policy for $$6,000$ for coverage starting in May.

j$.$ On April $28,$ paid $$1,120$ in cash for water and utilities used this month.

k$.$ Paid $$15,500$ in wages on April $29$ for work done this month.

Received an electric utility bill on April $30$ for $$2800$ for

Post the transaction activity from requirement $1$ to the T$-$Accounts below. All accounts begin with zero balances because this is the first month of operations.

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