Amy Tuck completed these transactions during April of the current year:

Apr. 1 Began a new law practice by investing \(\$ 3,000\) in cash and law books having a \(\$ 1,500\) fair value.

1 Rented the furnished office of a lawyer who was retiring because of illness, and paid the rent (expense) for April, \(\$ 600\).

1 Took out a liability insurance policy giving one year's protection and paid the premium (expense) for the month of April, \(\$ 45\).

3 Purchased office supplies on credit, \(\$ 50\).

9 Completed legal work for a client and immediately collected \(\$ 300\) cash for the work.

13 Paid for the office supplies purchased on April 3.

16 Completed legal work for Knox Realty on credit, \(\$ 1,000\).

23 Completed legal work for National Bank on credit, \(\$ 900\).

26 Received \(\$ 1,000\) from Knox Realty for the work completed on April 16.

28 Amy Tuck wrote a \(\$ 20\) check on the bank account of the legal practice to pay her home telephone bill.

29 Purchased additional office supplies on credit, \(\$ 54\).

30 Paid the April telephone bill of the office, \(\$ 30\).

30 Paid the salary of the office secretary, \(\$ 1,150\).

30 Prepaid the rent on the office for May and June, \(\$ 1,200\).

30 Prepaid the liability insurance premium for the next 11 months, \(\$ 495\).

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1. Open the following accounts: Cash; Accounts Receivable; Prepaid Rent; Prepaid Insurance; Office Supplies; Law Library; Accounts Payable; Amy Tuck, Capital; Amy Tuck, Withdrawals; Legal Fees Earned; Rent Expense; Salaries Expense; Telephone Expense; and Insurance Expense.

2. Prepare general journal entries to record the transactions; post to the accounts; and prepare a trial balance titled Amy Tuck, Attorney.

3. Prepare an income statement for the month ended April 30.

4. Prepare a statement of changes in owner's equity for the month ended April 30.

5. Prepare a balance sheet dated April 30.