Apr. 1 Sanchez deposited $20,000 in a bank account in the name of the business. 5 Sold realty services on account to R. Miller, \$7,500, Inv. No. 100. 7 Paid a bill for advertising, \$250, Ck. No. 1001. 8 Bought supplies on account from Taylor Supply, \$420, Inv. No. 2340. 9 Performed realty services for clients for cash, $2,530. 15 Received and paid the bill for utilities, \$280, Ck. No, 1002. 17 Bought a desk and chair from Lewis Furniture, $1,800, paying $300 in cash and placing the balance on account, Ck. No. 1003. 20 Bought liability insurance for one year, $1,800,Ck. No, 1004. 21 Paid the rent for the current month, $1,000,Ck. No. 1005. 25 Paid on account to Taylor Supply, $420, for supplies purchased on April 8, Ck. No. 1006. 27 Received \$7,500 from R. Miller for services performed on Aprit 5. 28 Recelved and paid the telephone bill for the month, \$150, Ck. No. 1007. 1. Journalize the transactions for April in the general journal. 2. Post the entries to the general ledger accounts. (Skip this step if you are using CLGL.) 3. Prepare a trial balance as of April 30, 20-. 4. Prepare an income statement for the month ended April 30, 20-. 5. Prepare a statement of owner's equity for the month ended April 30,20= 6. Prepare a balance sheet as of April 30, 20-. Check Figure Trial balance total, $31,530 -If you are using CLGL, use the year 2020 when preparing all reports. Problem 3-5A or 2.50 89 Problem 3-5A or 3.5A (oontinued) 90 Problem 3-5A or 3-5B (continued) AcCoint Cash GENERAL LEDGER ACCOUNT Accounts Receivable ACCONNT NO nis ACCOUNT Supplies ACCOUNT No: 115 Problem 3-5A or 3-5B (continued) ACCOUNT Office Furminure NCockert NO 124 ACCOUNT Accownar Payable necolite no 221 ACCOUNT , Capiral ACCONNT NO. 311 Account , Drawing ACCOUNT NO 312 Professional Fees ACCOUNT NO. 411 92 Problem 3.5A or 3-5B (continued) Account Salary Expense ACCOUNT Rent Expense ACOOUNT NO 512 ACCOUNT Advertising Expense ACCOUNT No. 513 ACCOUNT Utilities Expense ACCOUNT NO. 514 93 CHUPTER 3 The General Joumal and ahe General Lediger Problem 3-5A or 3-58 (continued) 94 Problem 3.5A or 3.5B (concluded) 95