Miguel Gould started a Web consulting firm called Gould Solutions. He began operations and completed seven transactions in April that resulted in the following accounts, which all have normal balances:

Required I. Prepare a trial balance for this business at the end of April Analysis Component 2. Analyze the accounts and their balances and prepare a list that describes each of the seven most likely transactions and their amounts.
3. Present a report that shows how the seven transactions in part 2 yield the $12,485 Cash balance.

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Cash Office supplies. $12,485 560 Prepaid rent 1,500 Office equipment 11,450 Accounts payable... 11,450 M. Gould, Capital .... 10,000 M. Gould, Withdrawals ... 6,200 Consulting fees earned.. 16,400 Operating expenses 5,655