B. Lougee opened Lougee Roofing Service on April I. 2019. Transactions for April are as follow:

Apr. 1 Lougee contributed $11,500 cash to the business in exchange for common stock.

1 Paid $2,880 cash for two-year premium toward liability insurance effective immediately.

2 Paid $6,100 cash for the purchase of a used truck.

2 Purchased $3,100 of ladders and other equipment: paid $1,000 cash, with the balance due in 30 days.

5 Purchased $1,200 of supplies on account.

5 Received an advance of $1,800 cash from a customer for roof repairs to be done during

April and May.

12 Billed customer $5,500 for rooting services performed.

Apr 18 Collected $4,900 cash from customers on their accounts.

29 Paid $675 cash for truck fuel used in April.

30 Paid $100 cash for April newspaper advertising.

30 Paid $2,500 cash for assistants' wages.

30 Billed customers $4,000 for roofing services performed.

REQUIRED

a. Set up a general ledger in T-account form for the following accounts: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Trucks; Accumulated Depreciation-Trucks; Equipment; Accumulated Depreciation- Equipment; Accounts Payable; Contract Liability; Common Stock; Roofing Fees Revenue; Fuel Expense; Advertising Expense; Wages Expense; Insurance Expense; Supplies Expense; Depreciation Expense-Trucks; and Depreciation Expense-Equipment.

b. Record these transactions for April 

(1) using the financial statement effects template. 

(2) in journal entry form. 

(3) Post these entries to their T-accounts (key numbers in T-accounts by date). 

c. Prepare an unadjusted trial balance as of April 30, 2019.

d. Supplies still available on April 30 amount to $400; and depreciation for April was $125 on the truck and $35 on equipment; and one-fourth of the roofing fees received in advance was earned by April 30. Prepare entries to adjust the books for Insurance Expense, Supplies Expense, Depreciation Expense- Trucks, Depreciation Expense Equipment, and Roofing Fees Revenue 

(1) Using the financial statement effects template.

(2) In journal entry form. 

(3) Post adjusting entries to their T-accounts.