Final answer:
The journal entry for the April 1 transaction depends on the specifics of the transaction.
Step-by-step explanation:
The journal entry for the April 1 transaction would depend on the specific details of the transaction. In general, a journal entry records the financial transactions of a business. It follows the double-entry bookkeeping system where each transaction affects at least two accounts: one account is debited, and another account is credited.
For example, if a business purchased equipment on April 1 for $5,000 in cash, the journal entry would be:
Date - April 1
Debit Equipment for $5,000
Credit Cash for $5,000
This entry increases the Equipment account by $5,000 and decreases the Cash account by $5,000.