On April 1, Windsor, Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $22,600 in the business in exchange for common stock.
2. Obtained a bank loan for $6,600 by issuing a note payable.
3. Paid $10,300 cash to buy equipment.
4. Paid $1,100 cash for April office rent.
5. Paid $1,350 for supplies.
6. Purchased $560 of advertising in the Daily Herald, on account.
7. Performed services for $16,900: cash of $1,880 was received from customers, and the balance of $15,020 was billed to customers on account.
8. Paid $380 cash dividend to stockholders.
9. Paid the utility bill for the month, $1,880.
10. Paid Daily Herald the amount due in transaction (6).
11. Paid $40 of interest on the bank loan obtained in transaction (2).
12. Paid employees’ salaries and wages, $6,020.
13. Received $11,280 cash from customers billed in transaction (7).
14. Paid income tax, $1,410.

Required:
Journalize the transactions.

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.