The unadjusted trial balance of Reed Financial Advisors is dated March 31, 2025: 

During April, the business completed the following transactions: 

Requirements 

1. Record the April transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry. 

2. Open the four-column ledger accounts listed in the unadjusted trial balance, together with their balances as of March 31. Use the following account numbers: Cash, 11; Accounts Receivable, 12; Supplies, 13; Land, 14; Furniture, 15; Automobile, 16; Accounts Payable, 21; Unearned Revenue, 22; Common Stock, 31; Dividends, 33; Service Revenue, 41; Salaries Expense, 51; and Rent Expense, 52. 

3. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 5 of the journal. 

4. Prepare the unadjusted trial balance of Reed Financial Advisors at April 30, 2025.

Transcribed Image Text:

REED FINANCIAL ADVISORS Unadjusted Trial Balance March 31, 2025 Account Title Cash Accounts Receivable Supplies Land Furniture Automobile Accounts Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Total Balance Debit $ 7,000 4,500 600 17,000 0 0 0 5,000 1,000 $ 35,100 Credit $ 4,700 0 23,000 7,400 $ 35,100