0.5 points 1 etoo Print Ances April 1 Duerr invests $08,000 cash along with office equipment valued at $39,000 in the company in exchange for common stock. April 2 The company prepaid $9,600 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. April 3 The company sade credit purchases for $8,000 in office equipment and $3,800 in office supplies. Payment is due within 18 days. April 6 The company completed services for a client and immediately received $7,000 cash, April The company completed a $19,000 project for a client, who must pay within 30 days. April 13 The company paid $12,600 cash to settle the account payable created on April 3. April 19 The company paid $2,648 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. April 22 The company received $3,900 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $6,500 on credit. April 28 The company paid $5,700 cash in dividends. April 29 The company purchased $3,200 of additional office supplies on credit. April 30 The company paid $2,300 cash for this month's utility bill. Descriptions of Items that require adjusting entries on April 30, follow. a) On April 2, the company prepaid $9,600 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April Office supplies on hand as of April 30 total $1,400. d Straight-line depreciation of office equipment, based on a 5-year life and a $8,800 salvage value, is $650 per month. el The company has completed work for a client, but has not yet billed the $2,200 fee 1) Wages due to employees, but not yet paid, as of April 30 total $2,800. Requirement General Journal General Ledger Trial Balance Income St of Retained Balance Sheet Statement Earnings Impact on Income For transactions a-l, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry. View transaction list Journal entry worksheet 6 On April 2, the company prepaid $9,600 cash for twelve months rent for office space. Prepare the required adjusting entry, if any. Note: bs before res Cate Apr 30 Account Tille Debit Credit Recordary Clear undry View general journal 1 ebook Print erences April 1 Duerr Invests $98,000 cash along with office equipment valued at $39,000 in the company in ge for common stock, April 1 The company prepaid $9,600 cash for twelve months rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. April 3 The company made credit purchases for $8,000 in office equipment and $3,800 in office supplies. Payment is due within 10 days.. April 6 The company completed services for a client and immediately received $7,000 cash. April 9 The company completed a $19,000 project for a client, who must pay within 30 days. April 13 The company paid $12,600 cash to settle the account payable created on April 3. April 19 The company paid $2,640 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. April 22 The company received $3,900 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $6,500 on credit. April 28 The company paid $5,700 cash in dividends. April 29 The company purchased $3,200 of additional office supplies on credit. April 38 The company paid $2,300 cash for this month's utility bill. Descriptions of Items that require adjusting entries on April 30, follow. a) On April 2, the company prepaid $9,600 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April c) Office supplies on hand as of April 30 total $1,400. d) Straight-line depreciation of office equipment, based on a 5-year life and a $8,800 salvage value, is $650 per month. e) The company has completed work for a client, but has not yet billed the $2,200 fee n) Wages due to employees, but not yet paid, as of April 30 total $2.800. Requirement General Journal General Ledger Trial Balance Income St of Retained Balance Sheet Statement Earnings Impact on Income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted Revenues: HOME HEALTH PLUS Income Statement For Month Ended April 30, 2022 Expenses c) Office supplies on hand as of April 30 total $1,400. d) Straight-line depreciation of office equipment, based on a 5-year life and a $8,800 salvage value, is $650 per mont el The company has completed work for a client, but has not yet billed the $2.200 fee. Wages due to employees, but not yet paid, as of April 30 total $2,800. Requirement General Joumal General Ledger Trial Balance Income Statement St of Retained Earnings Balance Sheet Impact on Income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Unadjusted HOME HEALTH PLUS Current assets Balance Sheet April 30, 2022 ASSETS Plant assets Equity LIABILITIES AND EQUITY St of Retained Earnings Impact on Income > Show less days. April 6 The company completed services for a client and immediately received $7,000 cash. April 9 The company completed a $19,000 project for a client, who must pay within 30 days. April 13 The company paid $12,600 cash to settle the account payable created on April 3. April 19 The company paid $2,640 cash for the premium on a 12-month insurance policy. The company's policy is record prepa expenses in balance sheet accounts. April 22 The company received $3,900 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $6,see on credit. April 28 The company paid $5,700 cash in dividends. April 29 The company purchased $3,200 of additional office supplies on credit. April 30 The company paid $2,300 cash for this month's utility bill. Descriptions of Items that require adjusting entries on April 30, follow. a) On April 2, the company prepaid $9,600 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began c) Office supplies on hand as of April 30 total $1,400. d) Straight-line depreciation of office equipment, based on a 5-year life and a $8,800 salvage value, is $650 per month. e) The company has completed work for a client, but has not yet billed the $2,200 fee. 1) Wages due to employees, but not yet paid, as of April 30 total $2,800. General Requirement General Ledger Trial Balance Income Statement, St of Retained Earnings Balance Sheet Impact on Income Journal For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. I adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on t statement tab. (Hint: Select unadjusted on the drop-down.) Unadjusted Account affecting the Impact on net Adjusting entry related to: a) Rent Income Statement Balance Sheet income b) Insurance c) Office supplies d) Depreciation e) Unbilled fees Unpaid wages