1:291 AAA Tax Service opens their business on April 1 and have the following transactions in the month.: 4/1 The company founder invests $50,000 and becomes the company's only shareholder. 4/2 The company buys 4 computers for total cost $10,000, paying 2,000 cash and 8,000 on account. 4/6 The Company pays cash for a 12 month insurance policy 6,000. Effective 4/1 - 3/31ext year 4/7 The company pays payroll expense of $2,000 4/8 The company's first customer pays cash of $4000 for tax service 4/12 More tax service is performed for customers on account for $7,500 4/14 The company buys supplies that will be used for several months. This costs $6,000 on account 4/25 The company collects 3,000 from customers for service just completed in f above on 4/12 4/26 The company receives $7,000 cash for tax work for a customer. Work will be done next Month 4/27 The company pays $2,000 for the first months rent expense 4/28 The company pays the amount owed for the 4 computers bought on 4/2 above ($8,000) 4/30 The company pays a dividend of $1,000 for the month Adjustments 4/30 Create the depreciation entry for the month for the computers. $250 per month 4/30 Make the adjustment entry for one month of insurance for the insurance purchased on 4/6 4/30 They rush and complete half the job for the customer in i above. Create the entry to recognize half of the revenue. 4/30 A count of the supplies shows a total of $2,000 remaining in supplies. Describe each of the above with a Journal entry Include the date Date Account Debit Credit Prepare T-accounts for the accounts above and post all transactions for April Create the Trial Balance in the space below Create an income statement for the month in the space below