4. Accounts receivable Q2: (14 pts) On March 31 the balance sheet of Gill Company showed Cash $5,500, Equipment $1,000, Supplies $500, Account payable $200, and Capital S6,800. The following transactions were completed during April: 1 - April 1: Paid $400 cash for April office rent 2- April 2: Hired a secretary at a salary of $600 per month 3- April 22: Purchased a used car for deliveries for $12,000. Gill paid $2,000 cash and sign a note payable for the remaining balance 4- April 23: Earned $7,500 for service: $1,000 cash is received, and the balance of $6,500 is billed to customer A on account 5- April 25: Paid secretary for the month $400 6- April 29: Customer A paid another $1,000 cash. 7- April 30: the current supplies are totally used. Therefore the company purchased another $300 supplies on account. WIE (a) Prepare the necessary journal entries (as table) for April transactions. (b) Post the transactions to T-accounts (c) Prepare a balance sheet at April, 24 (d) Compute the net income (or net loss) Expen Owner's capital. Omer's Draming Rev. C Labo C D Assets D D D D C 1