AP-7A 3 4 5 6 Thomas Topology provides surveying services to construction companies and municipalities. The company is owned and operated by Thomas Edwards. The closing balances at the end of March 2018 and the chart of accounts are shown below. Thomas Topology Balance Sheet As at March 31, 2018 Assets Liabilities Cash $22,000 Accounts Payable $10,500 Accounts Receivable 9,000 Unearned Revenue 4,500 Equipment 8,000 Notes Payable 6,000 Total Liabilities 21,000 Owner's Equity Edwards, Capital 18,000 Total Assets $39,000 Total Liabilities and Owner's Equity $39,000 Account Description Account # Account Description Account # REVENUE Service Revenue 400 ASSETS Cash Accounts Receivable Prepaid Insurance Equipment 101 105 110 120 LIABILITIES Accounts Payable Unearned Revenue Notes Payable EXPENSES Insurance Expense Interest Expense Rent Expense Salaries Expense Telephone Expense Travel Expense 515 520 540 545 550 555 200 210 215 OWNER'S EQUITY Edwards, Capital Edwards, Withdrawals 300 310 During the month of April, Thomas Topology had the following transactions. Apr 1 Apr 2 Apr 3 Apr 4 Apr 10 Apr 14 Apr 22 Apr 24 Apr 30 Purchased office equipment on account worth $7,000 Received $25,000 cash for services provided Paid $1,000 cash for April's rent Prepaid $1,200 for insurance for one year Paid $200 cash to reduce the balance of accounts payable Paid $8,000 cash for employee's salaries Received a telephone bill for $250, which will be paid next month Recorded travel expenses for $8,000 to be paid next month Paid $4,550 to bank for the bank loan principal and interest; interest was $50 and the remainder was principal Required a) Prepare the journal entries for the month of April. Date Account Title and Explanation PR Debit Credit 130 Date Account Title and Explanation PR Debit Credit b) Post the journal entries to the ledger accounts. Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: GL No: Balance Date Description PR DR CR Account: GL No: Balance Date Description PR DR CR Account: GL No: Balance Date Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: GL No: Balance Date Description PR DR CR Account: GL No: Balance Date Description PR DR CR Account: Date Description GL No: Balance PR DR CR Account: Date GL No: Balance Description PR DR CR Account: GL No: Balance Date Description PR DR CR Account: GL No: Balance Date Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR c) Prepare a trial balance at the end of April