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Ambitious Emir started an event coordinating business in April 2014. The following transactions relate to the first month of business: April 1 To begin the

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Ambitious Emir started an event coordinating business in April 2014. The following transactions relate to the first month of business: April 1 To begin the business Emir invested $9,000 cash and $10,000 of equipment. April 2 Emir paid $3,000 rent for 6 month in advance. April 5 Purchased $5,000 office equipment on account. April 6 Bought supplies of $250 paying cash. April 9 Collected $2,000 for a wedding reception party. April 12 Emir paid his $80 home utility bill using a company cheque. April 20 Billed Amy Jones $4,000 for office part event completed. April 23 Received a bill for advertising in the local paper, $200. Will pay in June. April 26 Paid Salaries, $600 to employees. April 30 Paid $2,000 of the amount owed for the office equipment. April 31 Paid telephone bill of company, $70. A) Prepare the journal entries to record these transactions. 22 marks Debit Credit Date Account Title Apr 1 Apr 2 Apr 5 Apr 6 Apr 9 Apr 12 Apr 20 Apr 23 Apr 26 Apr 30 Apr 31 B) Post the Journal Entries to T accounts 14 marks Cash Accounts Receivable Supplies Prepaid Rent Office Equipment Equipment Accounts Payable Withdrawals Capital Fees Earned Advertising Expense Salaries Expense Telephone Expense C) Trial Balance 8 marks Emir Event Services Trial Balance April 30 2014 Debit Credit Account Title Cash Accounts Receivable Prepaid Rent Supplies Office Equipment Accumulated Amortization - Office Equipment Equipment Accounts Payable Salaries Payable Emir, Capital Emir, Withdrawal Fees Earned Salaries Expense Advertising Expense Telephone Expense Total

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