April 1. During April, the company Yuyalicious company has started her own business, completed these transactions: 1. On April 1, the owner invested $ 100.000 cash in the business 2. On April 3. purchased some equipment for S 8.000 and paid 3.000 cash and signed a nole payable for the rest 3. On April 5, the company paid $500 cash for advertisement expense 4. On April 5, The Company sells goods for a client and immediately collected the $700 cash earned 5. On April 7, the company paid $1,000 cash for rent of office space for the month 6. On April 7, the Company completed work for aci d bill for 2000 to be received within 30 days 7. On April 9, The Company paid assistant $4,000 cases wages for the month 8. On April 10, the Company collected $1.000 cash as a partial payment for the amount owed by the client in transaction (6) 9. On April 11, the company paid $5,000 for a note spede of April 10-On April 12, The Company purchased additional equipment for $15,000 cash 11-On April 14, the owner made a 2.000 chi ew from the company for personal 12. On April 15, The Company purchased office aplies for $3.000 cash 13-on April 15, the company old products for $45.000 and collected cash 14-On April 16, the company paid $1.000 cash f i l es 15. On April 18, the company prids 3.500 cash for 'wage for the first half of this month 16-On April 18, the company paid 10,000 cash fo r ce policy covering the next 24 months 17. On April 20, the company designed special false lashes for a client and billed that client 15.000 for the service 18. On April 20, the company completed a week for other client and immediately collected an $ 8.000 cash fee 19-On April 23, the company received $ 7.500 casas partial payment from the client described in transaction (17) 20-On April 24, the company bomowed 35,000 cash from the bank by signing a promissory note 21. On April 26, the company made additional m a d 5.000 cash 22. On April 26, the company made an additionalis t of $25.000 23. On April 27, the company paid $7,000 cash foetuses 24. On April 27, the company paid $2,000 cash for electricity 25. On April 28, the owner withdrew $ 10,000 for personal use 26-On April 28, the company paid $20,000 for the test expense 27-On April 29, the company paid $3.500 for transportation expense 28. On April 29, the company paid $6,000 for a new product design expense 29-On April 30, the company sold products for $70,000 and collected cash. 30-On April 30, the company and the prom o te bowed on April 24 of 535.000 to the bank. Credit 100,000 3.000 5.000 5,00 Date Description Debit Apr.1 Cash 100,000 Yuyalicious capital Apr.3 Equipment 8,000 Cash Notes payable Apr.5 Expense 5.00 (Advertisement) Cash Apr 5 Cash 7,00 Revenues Apr. 7 Expense (Rent) 1,000 Cash Apr. 7 Account 12.000 receivable Revenue Apr.9 Expense (Wages) Cash Apr. 10 Cash 1.000 Accounts receivable 7.00 1.000 2,000 4,000 4,000 1.000 5,000 5.000 15.000 15.000 2,000 2,000 3.000 3.000 45,000 45,000 1.000 Apr. 11 Notes payable Cash Apr. 12 Equipment Cash Apr.14 Withdrew Cash Apr. 15 Supplies Cash Apr. 15 Cash Revenue Apr. 16 Expense (Utilities) Cash Apr.18 Expense (Wages) Cash Apr. 18 Prepaid insurance Cash Apr.20 Account receivable Revenue Apr,20 Cash 1.000 3.500 3.500 110.000 10,000 5.000 15,000 8,000 Credit 100,000 3.000 5.000 5,00 Date Description Debit Apr.1 Cash 100,000 Yuyalicious capital Apr.3 Equipment 8,000 Cash Notes payable Apr.5 Expense 5.00 (Advertisement) Cash Apr 5 Cash 7,00 Revenues Apr. 7 Expense (Rent) 1,000 Cash Apr. 7 Account 12.000 receivable Revenue Apr.9 Expense (Wages) Cash Apr. 10 Cash 1.000 Accounts receivable 7.00 1.000 2,000 4,000 4,000 1.000 5,000 5.000 15,000 15.000 2,000 2,000 3.000 3.000 45,000 45,000 1.000 Apr. 11 Notes payable Cash Apr.12 Equipment Cash Apr.14 Withdrew Cash Apr. 15 Supplies Cash Apr. 15 Cash Revenue Apr. 16 Expense |(Utilities) Cash Apr.18 Expense (Wages) Cash Apr. 18 Prepaid insurance Cash Apr.20 Account receivable Revenue Apr 20 Cash 1.000 3.500 3.500 110.000 10,000 5.000 15,000 8,000 7) Post all the accounts to the T-accounts. 8) Prepare the unadjusted trial balance for the year. 9) Complete the adjusting entries (Make sure that you can't decrease an account that doesn't exist) & adjusted trial balance. 10) Prepare the three financial statements. 11) Prepare the necessary closing entries & post- closing trial balance. Now...... may the odds of opening a successful innovative company be in your favor