Inferring Transactions from T-Accounts The following T-accounts summarize the operations of Brilliant Minds Ltd., a tutoring service, for April 2018.

\section*{Required:}
1. Assuming that only one transaction occurred on each day (beginning on April 3) and that no dividends were declared or paid, describe the transaction that most likely took place.
2. Prepare a trial balance at April 30, 2018.

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4/1 Assets Liabilities Cash 500 4/8 Accounts Payable 700 4/9 325 4/1 4/3 2,000 4/9 325 4/18 1,500 4/15 150 4/24 375 Accounts Receivable 4/1 700 4/24 375 Supplies 4/1 900 4/11 140 4/15 150 4/1 4/8 Equipment 1,200 700 625 Shareholders' Equity Common Shares 4/1 2,000 Notes Payable Retained Earnings 4/3 2,000 4/11 140 4/1 675 4/18 1,500