Johnvo Photography was founded on 1 April and entered into the following transactions: 1st Issued shares...

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Johnvo Photography was founded on 1 April and entered into the following transactions: 1st Issued shares to shareholders in exchange for $100000 cash 1st Purchased a camera (equipment) for $65000. 1st Purchased supplies for $2000. 1st 1st 6th 6th 8th 12th 18th 24th 30th Purchased a one-year insurance policy to be consumed evenly over the next period, to be paid next month - $3700 Took out a loan from First Bank for $100000. iii iv e Hired two new employees on salary of $4000 a month each. f Received prepayment for a contracted job to be performed in May - $22500. Additional information: ii i April depreciation for the delivery van is $1085 Interest on the loan from the bank is paid annually at a rate of 6 per cent Prepaid insurance has expired Billed customers for services provided - $42000. Paid to have an ad placed on website during April - $7000. Billed customers for services provided - $34000. Paid dividends to shareholders - $5000. Prepaid the next six months of rent starting with May - $18000. REQUIRED a Journalise the transactions for the month of April. b Post the journal entries to the general ledger using T-accounts. Employees' salaries earned during April but to be paid in May. c Prepare a trial balance as of 30 April. d Prepare all necessary adjusting journal entries and post the entries to the appropriate T-accounts. Prepare an adjusted trial balance as of 30 April. Prepare an income statement and a statement of retained earnings for the month of April. Also prepare a classified balance sheet as of 30 April. g Prepare all closing entries for the temporary accounts and post the entries to the appropriate T-accounts. Prepare a post-closing trial balance as of 30 April. h Johnvo Photography was founded on 1 April and entered into the following transactions: 1st Issued shares to shareholders in exchange for $100000 cash 1st Purchased a camera (equipment) for $65000. 1st Purchased supplies for $2000. 1st 1st 6th 6th 8th 12th 18th 24th 30th Purchased a one-year insurance policy to be consumed evenly over the next period, to be paid next month - $3700 Took out a loan from First Bank for $100000. iii iv e Hired two new employees on salary of $4000 a month each. f Received prepayment for a contracted job to be performed in May - $22500. Additional information: ii i April depreciation for the delivery van is $1085 Interest on the loan from the bank is paid annually at a rate of 6 per cent Prepaid insurance has expired Billed customers for services provided - $42000. Paid to have an ad placed on website during April - $7000. Billed customers for services provided - $34000. Paid dividends to shareholders - $5000. Prepaid the next six months of rent starting with May - $18000. REQUIRED a Journalise the transactions for the month of April. b Post the journal entries to the general ledger using T-accounts. Employees' salaries earned during April but to be paid in May. c Prepare a trial balance as of 30 April. d Prepare all necessary adjusting journal entries and post the entries to the appropriate T-accounts. Prepare an adjusted trial balance as of 30 April. Prepare an income statement and a statement of retained earnings for the month of April. Also prepare a classified balance sheet as of 30 April. g Prepare all closing entries for the temporary accounts and post the entries to the appropriate T-accounts. Prepare a post-closing trial balance as of 30 April. h Johnvo Photography was founded on 1 April and entered into the following transactions: 1st Issued shares to shareholders in exchange for $100000 cash 1st Purchased a camera (equipment) for $65000. 1st Purchased supplies for $2000. 1st 1st 6th 6th 8th 12th 18th 24th 30th Purchased a one-year insurance policy to be consumed evenly over the next period, to be paid next month - $3700 Took out a loan from First Bank for $100000. iii iv e Hired two new employees on salary of $4000 a month each. f Received prepayment for a contracted job to be performed in May - $22500. Additional information: ii i April depreciation for the delivery van is $1085 Interest on the loan from the bank is paid annually at a rate of 6 per cent Prepaid insurance has expired Billed customers for services provided - $42000. Paid to have an ad placed on website during April - $7000. Billed customers for services provided - $34000. Paid dividends to shareholders - $5000. Prepaid the next six months of rent starting with May - $18000. REQUIRED a Journalise the transactions for the month of April. b Post the journal entries to the general ledger using T-accounts. Employees' salaries earned during April but to be paid in May. c Prepare a trial balance as of 30 April. d Prepare all necessary adjusting journal entries and post the entries to the appropriate T-accounts. Prepare an adjusted trial balance as of 30 April. Prepare an income statement and a statement of retained earnings for the month of April. Also prepare a classified balance sheet as of 30 April. g Prepare all closing entries for the temporary accounts and post the entries to the appropriate T-accounts. Prepare a post-closing trial balance as of 30 April. h Johnvo Photography was founded on 1 April and entered into the following transactions: 1st Issued shares to shareholders in exchange for $100000 cash 1st Purchased a camera (equipment) for $65000. 1st Purchased supplies for $2000. 1st 1st 6th 6th 8th 12th 18th 24th 30th Purchased a one-year insurance policy to be consumed evenly over the next period, to be paid next month - $3700 Took out a loan from First Bank for $100000. iii iv e Hired two new employees on salary of $4000 a month each. f Received prepayment for a contracted job to be performed in May - $22500. Additional information: ii i April depreciation for the delivery van is $1085 Interest on the loan from the bank is paid annually at a rate of 6 per cent Prepaid insurance has expired Billed customers for services provided - $42000. Paid to have an ad placed on website during April - $7000. Billed customers for services provided - $34000. Paid dividends to shareholders - $5000. Prepaid the next six months of rent starting with May - $18000. REQUIRED a Journalise the transactions for the month of April. b Post the journal entries to the general ledger using T-accounts. Employees' salaries earned during April but to be paid in May. c Prepare a trial balance as of 30 April. d Prepare all necessary adjusting journal entries and post the entries to the appropriate T-accounts. Prepare an adjusted trial balance as of 30 April. Prepare an income statement and a statement of retained earnings for the month of April. Also prepare a classified balance sheet as of 30 April. g Prepare all closing entries for the temporary accounts and post the entries to the appropriate T-accounts. Prepare a post-closing trial balance as of 30 April. h