1) Adjustments

2) adjustments to T accounts

3) Adjusted Trail balance

I haven to double check I did everything right on mine

Transactions for April 2021 Date Transaction Week 1 April 1 Zita contributes $7,000 to commence the business! Zita borrows $15,000 from Fremont Bank for three years with interest charged at 9% (annually) Zita hires two staff to be paid every 2 weeks on a Thursday) 3 Zita signs a rent contract on a shop and pays $2,300 for two months' rent (April and May) She purchases four ice-cream freezers for $600 each The estimated life is 8 years using straight line depreciation and Zita believes that she could sell the freezers at the end of this time for $120 each Zita rents a portable ice-cream trailer for catering. She pays $200 for the month of April Zita purchases an Ipad which will be used as a cash register for $576. The estimated life is 4 years using straight-line depreciation Zita also purchases supplies (ice-cream boxes, napkins etc.) for $140 cash? 6 Zita purchases buk ice-cream on credit fom Sandhu Stores for $1,024. Zita pays $960 for insurance for the year April 1, 2021-March 31, 2022 4 Week 2 10 On Saturday 10th April. Zita supplied ice-cream for Lucy Hemandez' wedding. That evening she sent Mr Hemandez an invoice for $810. Terms 3/10,n30 (The cost of materials was $340) 11 Mr Hemandez rang to complain that four buckets of ice-cream had melted. Zita agreed to give him a credit for $110. 12 Zita purchases candy for add-in ice-cream mixing for $116 cash 14 Ice-cream cash sales for the week are $1,700. (The cost of sales was $730) Week 3 April 15 Wages of $360 per employee, per week were paid to employees for the two-week period ended April 15th Zta withheld a total of $160 ($80 from each enployee) for taxes. 18 Mr Hemandez paid for his daughter's wedding (less amount for returned ice-creams) 19 Purchased supplies for $70 on credit. Paid for ice-cream ingredients bought on April 6. 20 Purchased ice-cream ingredients for $3,880 on credit. Zita supplied ice-cream for a graduation finction for La Vista Community College and prepared an invoice for $1500. Terms 3/10, n 30 (The cost of materials was $695) 21 Recorded ice-cream cash sales for the week, $3384. (The cost of ingredients was $1522) Week 4 22 Paid for supplies purchased April 19. 24 Paid $220 to Adriana's Ads' for advertising 26 Received gas bill of $116. 28 Recorded ice-cream cash sales for the week, $2,950. (The cost of ingredients was $1136) Week 5 29 Wages of $360 per employee, per week were paid to employees for the two-week period ended April 15th Zita withheld a total of $160 ($80 from each employee) for taxes. 30 La Vista paid the amount owing from the April 20 graduation ceremony. Zita paid herself an amount of $600 from the business profits Recorded ice-cream cash sales for the final two days $856. (The cost of ingredients was $380) Further information: a) Adjust prepaid rent and prepaid insurance b) A count of supplies indicates that $45 remain on hand at month end. c) Interest on the bank loan is charged at 9 per cent per annum and is paid quarterly with the next payment of $1,440.26 due on 1 July (round interest expense to the nearest dollar). d) An electricity bill for $162 for April was recented on 2 July. The amount has not yet been recorded. e) The estimated telephone for April is $42. f) Depreciation is charged in proportion for each month (depreciation is charged in full for the month the asset is purchased) g) Calculate accrued wages for April 29 and April 30