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AC 121 #4 At the beginning of April, Bernadette Grechus launched a custom computer solutions company called Softworks. Prepare general journal entries to record these

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AC 121 #4 At the beginning of April, Bernadette Grechus launched a custom computer solutions company called Softworks. Prepare general journal entries to record these transactions & post to ledger accounts Chart of Accounts Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163): Computer Equipment (164); Building (170): Land (172): Accounts Payable (201): Notes Payable (250): B. Grechus, Capital (301); B. Grechus, Withdrawals (302); Fees Farned (402): Wages Expense (601) Computer Rental Expense (602); Advertising Expense (603); and Repairs Expense (604). a. Bernadette Grechus invested $65.000 cash, office equipment with a value of $5.750, and S30,000 of computer equipment in the company. b. The company purchased land worth $22,000 for an office by paying $5,000 cash and signing a long- term note payable for $12000 c. The company purchased a portable building with $34.500 cash and moved it onto the land acquired in b. d. The company paid $5.000 cash for the premium on a two-year insurance policy. e. The company provided services to a client and immediately collected $4,600 cash. f. The company purchased $4.500 of additional computer equipment by paying $800 cash and signing a long-term note payable for $3.700. 8. The company completed $4,250 of services for a client. This amount is to be received within 30 days h. The company purchased $950 of additional office equipment on credit i. The company completed client services for $10.200 on credit. j. The company received a bill for rent of a computer testing device that was used on a recently completed job. The $8o rent cost must be paid within 30 days. k. The company collected $5 100 cash in partial payment from the client described in transaction 1. The company paid $1,800 cash for wages to an assistant m. The company paid Sogo cash to settle the pavable created in transaction n. The company paid $608 cash for minor maintenance of the company's computer equipment 0. B. Grechus withdrew $6.230 cash from the company for personal use. p. The company paid $1,800 cash for wages to an assistant. 4. The company paid $750 cash for advertisements on the web during April Check Ending balances: Cash $17.262: Accounts Receivable. $9.350: Accounts Payable. $580 Prepare a trial balance as of the end of April Trial balance totals, S141.080

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