AS SOON AS POSSIBLE IN 20MINUTES Help me with these Entries I HAVE THE REST OF THE ASSIGNMENT DONE EXCEPT FOR THESE IGNORE THE REFRENCE! THANKYOU PLEASE HELP A HOMIE OUT GOT OUT WORK LATE lol

Complete Accounting Cycle For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 20Y6, Jeff decided to move to rented quarters and to operate the business, which was to be kno Apr. 1. The following assets were received from Jeff Horton in exchange for common stock: cash, $20,000; accounts receivable, $14,700; supplies, $3,300; and office equipment, $12,000. There w 1 Paid three months' rent on a lease rental contract, $6,000. 2 Paid the premiums on property and casualty insurance policies, $4,200. 4 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $9,400. 5 Purchased additional office equipment on account from Smith Office Supply Co., $8,000. 6 Received cash from clients on account, $11,700. 10 Paid cash for a newspaper advertisement, $350. 12 Paid Smith Office Supply Co. for part of the debt incurred on April 5, $6,400. 12 Recorded services provided on account for the period April 112, $21,900. 14 Paid receptionist for two weeks' salary, $1,650. Record the following transactions on Page 2 of the journal: 17 Recorded cash from cash clients for fees earned during the period April 1-16, $6,600. 18 Paid cash for supplies, $725. 20 Recorded services provided on account for the period April 1320, $16,800. 24 Recorded cash from cash clients for fees earned for the period April 1724, $4,450. 26 Received cash from clients on account, $26,500. 27 Paid receptionist for two weeks' salary, $1,650. 29 Paid telephone bill for April, $540. 30 Paid electricity bill for April, $760. 30 Recorded cash from cash clients for fees earned for the period April 2530, $5,160. 30 Recorded services provided on account for the remainder of April. $2.590. Horton has operated a part-time consulting business from his home. As of April 1, 20Y6, Jeff decided to move to rented quarters and to operate the business, which was to be known as Rosebud Consulting, on ng assets were received from Jeff Horton in exchange for common stock: cash, $20,000; accounts receivable, $14,700; supplies, $3,300; and office equipment, $12,000. There were no liabilities received. months' rent on a lease rental contract, $6,000. emiums on property and casualty insurance policies, $4,200. ash from clients as an advance payment for services to be provided and recorded it as unearned fees, $9,400. additional office equipment on account from Smith Office Supply Co., $8,000. ash from clients on account, $11,700. or a newspaper advertisement, $350. Office Supply Co. for part of the debt incurred on April 5, $6,400. services provided on account for the period April 112, $21,900. tionist for two weeks' salary, $1,650. on Page 2 of the journal: ash from cash clients for fees earned during the period April 1-16, $6,600. or supplies, $725. services provided on account for the period April 1320, $16,800. ash from cash clients for fees earned for the period April 1724, $4,450. ash from clients on account, $26,500. tionist for two weeks' salary, $1,650. one bill for April, $540. city bill for April, $760. ash from cash clients for fees earned for the period April 2530, $5,160. services provided on account for the remainder of April, $2,590. nds, $18,000. 30 Recorded cash from cash clients for fees earned for the period April 2530, $5,160. 30 Recorded services provided on account for the remainder of April, $2,590. 30 Paid dividends, $18,000. Required: 1. Journalize each transaction in a two-column journal starting on Page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited. If there is more than one entry on the sa 11 Cash 31 Common Stock 12 Accounts Receivable 32 Retained Earnings 14 Supplies 33 Dividends 15 Prepaid Rent 41 Fees Earned 16 Prepaid Insurance 51 Salary Expense 18 Office Equipment 52 Supplies Expense 19 Accumulated Depreci 53 Rent Expense 21 Accounts Payable 54 Depreciation Expense 22 Salaries Payable 55 Insurance Expense 23 Unearned Fees 59 Miscellaneous Expense You will use the attached spreadsheet to complete several of the remaining parts of this problem. Click on the Spreadsheet icon above to open and save the Excel file to your computer. Your input into the spread 2. Post the transactions from part 1 to the general ledger in the attached spreadsheet. The posting must be in chronological order. Be sure to go back and enter the appropriate posting references in the journal. 3. In the spreadsheet, prepare an unadjusted trial balance. 4. At the end of April, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during April is $350. b. Supplies on hand on April 30 are $1,225. c. Depreciation of office equipment for April is $400. d. Accrued receptionist salary on April 30 is $275. e. Rent expired during April is $2.000. 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreci 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees 51 Salary Expense 52 Supplies Expense 53 Rent Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense You will use the attached spreadsheet to complete several of the remaining parts of this problem. Click on the Spreadsheet icon above to open and save the Excel file to your computer. Your input into the sprea 2. Post the transactions from part 1 to the general ledger in the attached spreadsheet. The posting must be in chronological order. Be sure to go back and enter the appropriate posting references in the journal 3. In the spreadsheet, prepare an unadjusted trial balance. 4. At the end of April, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during April is $350. b. Supplies on hand on April 30 are $1,225. c. Depreciation of office equipment for April is $400. d. Accrued receptionist salary on April 30 is $275. e. Rent expired during April is $2,000. f. Unearned fees on April 30 are $2,350. 5. (Optional) In the spreadsheet, enter the unadjusted trial balance on the end-of-period work sheet and complete the work sheet. 6. Journalize the adjusting entries on Page 3 of the journal. (Do not insert the account numbers in the journal at this time.) Post the adjusting entries to the general ledger in the spreadsheet. The posting must be 7. In the spreadsheet, prepare the adjusted trial balance. 8. Prepare an income statement, a statement of stockholders' equity, and a balance sheet. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that a 9. Journalize the closing entries on Page 4 of the journal. (Do not insert the account numbers in the journal at this time.) Post the closing entries to the general ledger in the spreadsheet. Then go back and enter 10. Prepare a post-closing trial balance. List the accounts in order by type: Assets, Liabilities, Capital, Dividends, Revenue, and Expenses. If an amount box does not require an entry, leave it blank. Post. Ref. Balance Credit Debit Credit Debit Date Item 20Y6 April 1 30 Adjusting 4,200 4,200 Prepaid Insurance Post. Ref. 16 Balance Credit Debit Credit Debit Date Item 20Y6 April 2 30 Adjusting 350 4,200 3,850 Office Equipment Post. Ref. 18 Balance Credit Item Debit Credit Debit Date 20Y6 April 1 5 12,000 8,000 12,000 8,000 Accumulated Depreciation Post. Ref. 19 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting 19 400 400 TE Accounts Payable Post. Ref. 21 Balance Credit Item Debit Credit Debit Date 20Y6 April 5 12 Salaries Payable Post. Ref. 22 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting Unearned Fees Post. Ref. 23 Balance Credit Debit Credit Debit Date Item 20Y6 April 4 30 Adjusting TATE Common Stock Post. Ref. 31 Balance Credit Item Debit Credit Debit Date 20Y6 April 1 It Retained Earnings Post. Ref. 32 Balance Credit Item Debit Credit Debit Date 20Y6 April 1 30 30 0 LLLL TTTT Closing Closing U it Dividends Post. Ref. 33 Balance Credit Date Item Debit Credit Debit Post. Ref. Balance Credit Item Debit Credit Debit Date 20Y6 April 30 30 Closing Fees Earned Post. Ref. 41 Balance Credit Item Debit Credit Debit LLLL Date 20Y6 April 12 17 20 24 30 30 30 30 LUL TIT TTT Adjusting Closing LLL it Salary Expense Post. Ref. 51 Balance Credit Item Debit Credit Debit Date 20Y6 April 14 27 30 30 Adjusting Closing Supplies Expense Post. Ref. 52 Balance Credit Item Debit Credit Debit Date 20Y6 April 30 ULL Adjusting Post. Ref. Balance Credit Item Debit Credit Debit Date 20Y6 April 30 30 Closing Fees Earned Post. Ref. 41 Balance Credit Item Debit Credit Debit LLLL Date 20Y6 April 12 17 20 24 30 30 30 30 LUL TIT TTT Adjusting Closing LLL it Salary Expense Post. Ref. 51 Balance Credit Item Debit Credit Debit Date 20Y6 April 14 27 30 30 Adjusting Closing Supplies Expense Post. Ref. 52 Balance Credit Item Debit Credit Debit Date 20Y6 April 30 ULL Adjusting Ref. Debit Credit Debit Credit Date Item 20Y6 April 30 Adjusting 30 Closing Rent Expense Post. Ref. 53 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting 30 Closing Depreciation Expense Post. Ref. 54 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting 30 Closing Insurance Expense Post. Ref. 55 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting 30 Closing 350 350 Complete Accounting Cycle For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 20Y6, Jeff decided to move to rented quarters and to operate the business, which was to be kno Apr. 1. The following assets were received from Jeff Horton in exchange for common stock: cash, $20,000; accounts receivable, $14,700; supplies, $3,300; and office equipment, $12,000. There w 1 Paid three months' rent on a lease rental contract, $6,000. 2 Paid the premiums on property and casualty insurance policies, $4,200. 4 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $9,400. 5 Purchased additional office equipment on account from Smith Office Supply Co., $8,000. 6 Received cash from clients on account, $11,700. 10 Paid cash for a newspaper advertisement, $350. 12 Paid Smith Office Supply Co. for part of the debt incurred on April 5, $6,400. 12 Recorded services provided on account for the period April 112, $21,900. 14 Paid receptionist for two weeks' salary, $1,650. Record the following transactions on Page 2 of the journal: 17 Recorded cash from cash clients for fees earned during the period April 1-16, $6,600. 18 Paid cash for supplies, $725. 20 Recorded services provided on account for the period April 1320, $16,800. 24 Recorded cash from cash clients for fees earned for the period April 1724, $4,450. 26 Received cash from clients on account, $26,500. 27 Paid receptionist for two weeks' salary, $1,650. 29 Paid telephone bill for April, $540. 30 Paid electricity bill for April, $760. 30 Recorded cash from cash clients for fees earned for the period April 2530, $5,160. 30 Recorded services provided on account for the remainder of April. $2.590. Horton has operated a part-time consulting business from his home. As of April 1, 20Y6, Jeff decided to move to rented quarters and to operate the business, which was to be known as Rosebud Consulting, on ng assets were received from Jeff Horton in exchange for common stock: cash, $20,000; accounts receivable, $14,700; supplies, $3,300; and office equipment, $12,000. There were no liabilities received. months' rent on a lease rental contract, $6,000. emiums on property and casualty insurance policies, $4,200. ash from clients as an advance payment for services to be provided and recorded it as unearned fees, $9,400. additional office equipment on account from Smith Office Supply Co., $8,000. ash from clients on account, $11,700. or a newspaper advertisement, $350. Office Supply Co. for part of the debt incurred on April 5, $6,400. services provided on account for the period April 112, $21,900. tionist for two weeks' salary, $1,650. on Page 2 of the journal: ash from cash clients for fees earned during the period April 1-16, $6,600. or supplies, $725. services provided on account for the period April 1320, $16,800. ash from cash clients for fees earned for the period April 1724, $4,450. ash from clients on account, $26,500. tionist for two weeks' salary, $1,650. one bill for April, $540. city bill for April, $760. ash from cash clients for fees earned for the period April 2530, $5,160. services provided on account for the remainder of April, $2,590. nds, $18,000. 30 Recorded cash from cash clients for fees earned for the period April 2530, $5,160. 30 Recorded services provided on account for the remainder of April, $2,590. 30 Paid dividends, $18,000. Required: 1. Journalize each transaction in a two-column journal starting on Page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited. If there is more than one entry on the sa 11 Cash 31 Common Stock 12 Accounts Receivable 32 Retained Earnings 14 Supplies 33 Dividends 15 Prepaid Rent 41 Fees Earned 16 Prepaid Insurance 51 Salary Expense 18 Office Equipment 52 Supplies Expense 19 Accumulated Depreci 53 Rent Expense 21 Accounts Payable 54 Depreciation Expense 22 Salaries Payable 55 Insurance Expense 23 Unearned Fees 59 Miscellaneous Expense You will use the attached spreadsheet to complete several of the remaining parts of this problem. Click on the Spreadsheet icon above to open and save the Excel file to your computer. Your input into the spread 2. Post the transactions from part 1 to the general ledger in the attached spreadsheet. The posting must be in chronological order. Be sure to go back and enter the appropriate posting references in the journal. 3. In the spreadsheet, prepare an unadjusted trial balance. 4. At the end of April, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during April is $350. b. Supplies on hand on April 30 are $1,225. c. Depreciation of office equipment for April is $400. d. Accrued receptionist salary on April 30 is $275. e. Rent expired during April is $2.000. 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreci 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees 51 Salary Expense 52 Supplies Expense 53 Rent Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense You will use the attached spreadsheet to complete several of the remaining parts of this problem. Click on the Spreadsheet icon above to open and save the Excel file to your computer. Your input into the sprea 2. Post the transactions from part 1 to the general ledger in the attached spreadsheet. The posting must be in chronological order. Be sure to go back and enter the appropriate posting references in the journal 3. In the spreadsheet, prepare an unadjusted trial balance. 4. At the end of April, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during April is $350. b. Supplies on hand on April 30 are $1,225. c. Depreciation of office equipment for April is $400. d. Accrued receptionist salary on April 30 is $275. e. Rent expired during April is $2,000. f. Unearned fees on April 30 are $2,350. 5. (Optional) In the spreadsheet, enter the unadjusted trial balance on the end-of-period work sheet and complete the work sheet. 6. Journalize the adjusting entries on Page 3 of the journal. (Do not insert the account numbers in the journal at this time.) Post the adjusting entries to the general ledger in the spreadsheet. The posting must be 7. In the spreadsheet, prepare the adjusted trial balance. 8. Prepare an income statement, a statement of stockholders' equity, and a balance sheet. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that a 9. Journalize the closing entries on Page 4 of the journal. (Do not insert the account numbers in the journal at this time.) Post the closing entries to the general ledger in the spreadsheet. Then go back and enter 10. Prepare a post-closing trial balance. List the accounts in order by type: Assets, Liabilities, Capital, Dividends, Revenue, and Expenses. If an amount box does not require an entry, leave it blank. Post. Ref. Balance Credit Debit Credit Debit Date Item 20Y6 April 1 30 Adjusting 4,200 4,200 Prepaid Insurance Post. Ref. 16 Balance Credit Debit Credit Debit Date Item 20Y6 April 2 30 Adjusting 350 4,200 3,850 Office Equipment Post. Ref. 18 Balance Credit Item Debit Credit Debit Date 20Y6 April 1 5 12,000 8,000 12,000 8,000 Accumulated Depreciation Post. Ref. 19 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting 19 400 400 TE Accounts Payable Post. Ref. 21 Balance Credit Item Debit Credit Debit Date 20Y6 April 5 12 Salaries Payable Post. Ref. 22 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting Unearned Fees Post. Ref. 23 Balance Credit Debit Credit Debit Date Item 20Y6 April 4 30 Adjusting TATE Common Stock Post. Ref. 31 Balance Credit Item Debit Credit Debit Date 20Y6 April 1 It Retained Earnings Post. Ref. 32 Balance Credit Item Debit Credit Debit Date 20Y6 April 1 30 30 0 LLLL TTTT Closing Closing U it Dividends Post. Ref. 33 Balance Credit Date Item Debit Credit Debit Post. Ref. Balance Credit Item Debit Credit Debit Date 20Y6 April 30 30 Closing Fees Earned Post. Ref. 41 Balance Credit Item Debit Credit Debit LLLL Date 20Y6 April 12 17 20 24 30 30 30 30 LUL TIT TTT Adjusting Closing LLL it Salary Expense Post. Ref. 51 Balance Credit Item Debit Credit Debit Date 20Y6 April 14 27 30 30 Adjusting Closing Supplies Expense Post. Ref. 52 Balance Credit Item Debit Credit Debit Date 20Y6 April 30 ULL Adjusting Post. Ref. Balance Credit Item Debit Credit Debit Date 20Y6 April 30 30 Closing Fees Earned Post. Ref. 41 Balance Credit Item Debit Credit Debit LLLL Date 20Y6 April 12 17 20 24 30 30 30 30 LUL TIT TTT Adjusting Closing LLL it Salary Expense Post. Ref. 51 Balance Credit Item Debit Credit Debit Date 20Y6 April 14 27 30 30 Adjusting Closing Supplies Expense Post. Ref. 52 Balance Credit Item Debit Credit Debit Date 20Y6 April 30 ULL Adjusting Ref. Debit Credit Debit Credit Date Item 20Y6 April 30 Adjusting 30 Closing Rent Expense Post. Ref. 53 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting 30 Closing Depreciation Expense Post. Ref. 54 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting 30 Closing Insurance Expense Post. Ref. 55 Balance Credit Debit Credit Debit Date Item 20Y6 April 30 Adjusting 30 Closing 350 350