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Adam Consultancy start up his business on April 1. 2019, Adam Consulting entered into the following transactions during April: Apr. 1. The following assets were

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Adam Consultancy start up his business on April 1. 2019, Adam Consulting entered into the following transactions during April: Apr. 1. The following assets were received from Adam: cash, $30,000; accounts receivable, $24,000; supplies, $13,00, and office equipment, S22,000. 1. Paid three months' rent on a lease rental contract, $3,000. 2. Paid the premiums on property and casualty insurance policies, $2,400. 4. Received cash from clients as an advance payment for services to be provided and recorded it as uneared fees, $11,400 5. Purchased additional office equipment on account from Smith Office Supply Co., S14,000 6. Received cash from clients on account, $17,100 10. Paid cash for a newspaper advertisement, S350. 12. Paid Smith Office Supply Co. for part of the debt incurred on April 5, S6,400. 12. Provided services on account for the period April 1-12, $21.900. 17. Received cash from cash clients for fees earned during the period April 1-16, S6,600. 18. Paid cash for supplies, 725. 20. Provided services on account for the period April 1320. $16,800. 24. Received cash from cash clients for fces earned for the period April 17-24, S4,450. 26. Received cash from clients on account, S26,500.27. Paid receptionist for two weeks' salary, S1,650 30. Received cash from cash clients for fees earned for the period April 25-30, 55,160. 30. Provided services on account for the remainder of April, $2,590. 30. Jeff withdrew $18,000 for personal use Requirements: 1. Journalize each transaction 2. Post the journal to a ledger of four-column accounts 3. Prepare an unadjusted trial balance 4. At the end of the month Adam consultancy need to make the following adjustment to his account. Journalize the following adjustment i. Insurance expired during April is $350. ii. Supplies on hand on April 30 are $1,225. iii. Depreciation of office equipment for Aprilis 5400 iv. Accrued receptionist salary on April 30 is $275. v. Rent expired during April is $2,000. vi. Uncarned fees on April 30 are $2,350. 5. Post the adjustment to the four-column ledger 6. Prepare Adjusted Trail balance 7. Journalize the closing entre for Adam consultancy and post it to ledger 8. Prepare post-closing Trail balance

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