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At the beginning of April, Vanessa Wende launched a custom computer solutions company called Softworks. The company had the following transactions during April. April 1

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At the beginning of April, Vanessa Wende launched a custom computer solutions company called Softworks. The company had the following transactions during April. April 1 Vanessa Wende invested $155,000 cash, office supplies with a value of $5,100, and $78,000 of computer equipment in the company, 2 The company purchased land worth $55,000 for an office by paying $8,700 cash and signing a long-term note payable for $46,300. 3 The company paid $3,504 cash for the premium on a two-year insurance policy. 5 The company provided services to a client and immediately collected $7,000 cash. 9 The company completed $16,500 services for a client. This amount is to be received within 30 days. 12 The company purchased $1,800 of additional computer equipment on credit. 15 The company paid $1,300 cash for wages to an assistant 15 The company received a bill for rent of a computer testing device that was used on a recently completed job. The $1,685 rent cost must be paid within 30 days. 18 The company collected $10,000 cash in partial payment from the client described on April 9. 22 The company paid $1,800 cash to settle the payable created on April 12. 24 The company paid $985 cash for minor maintenance of the company's computer equipment. 28 V. Wende withdrew $10,230 cash from the company for personal use. Required - 1) Prepare general journal entries to record these transactions (use account titles listed in part 2). = 2) Open the following ledger accounts - (T-Accounts are prepared for you! Cash; Accounts receivable; Prepaid Insurance: Office Supplies: Computer Equipment; Land: Accounts Payable; Notes Payable; V. Wende, Capital: V. Wende. Withdrawals; Service Revenue; Wages Expense; Computer Rental Expense; and Repairs Expense. Post the journal entries from part 1 to the ledger accounts. Prepare a trial balance as of the end of April. 3) 3) Prepare a trial balance as of the end of April. Problem #2) 5 points In addition to those accounts listed on the trial balance, the chart of accounts for Softworks also contains the following accounts: Accumulated Depreciation - Computer equipment; Wages payable: Depreciation expense; Insurance expense; and Office supplies expense. Other data: 1) After taking inventory on April 30, $3,600 of Office supplies are on still on hand. 2) The computer equipment has a 3-year life with an $11,400 salvage value. Softworks uses a straight-line depreciation method. 3) On April 3, Softworks paid $3,504 for a 24-month insurance policy. Coverage began on April 1. This account shows a balance of $3,504 in the April 30 trial balance. 4) Softworks pays their employees on the ' and 15th of each month. There is $1,300 of wages owed as of April 30. Required Using the unadjusted trial balance. 1) Prepare the adjusting entries for the month of April

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