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Aurora Hunter is a business owner who has experienced success on a global scale. On January 1 , 2 0 2 0 , Aurora started
Aurora Hunter is a business owner who has experienced success on a global scale. On January Aurora started her business, The Modelling and Acting, where she teaches modeling and acting for stage and movies. The following activity occurred in the month of April. April Purchased supplies on credit for $ Collected $ in advance for modeling lessons to be completed in May. Collected $ for teaching acting lessons in February. Paid $ to rent a theatre for a large group to teach in April. Paid $ for supplies purchased on account last month. Aurora Hunter withdrew cash of $ for personal reasons. Paid a casual employee $ Purchased new keyboard on credit for $ Instruction: Prepare journal entries to record the transactions that have been listed above. Set up the following general ledger accounts using accounts, entering the balances brought forward from March : Cash $ Supplies $ Equipment $ Accounts Payable $ Unearned Revenue $ Aurora Hunter, Capital $ Aurora Hunter, Withdrawals $ Revenue $ Casual Wages $ Rent Expense $ Post the entries in requirement to Taccounts Prepare a trial balance as of April Use the trial balance to prepare an income statement and statement of changes in equity for the Four months ended April as well as a balance sheet on April
Aurora Hunter is a business owner who has experienced success on a global scale. On
January Aurora started her business, The Modelling and Acting, where she
teaches modeling and acting for stage and movies. The following activity occurred in
the month of April.
April Purchased supplies on credit for $
Collected $ in advance for modeling lessons to be completed in May.
Collected $ for teaching acting lessons in February.
Paid $ to rent a theatre for a large group to teach in April.
Paid $ for supplies purchased on account last month.
Aurora Hunter withdrew cash of $ for personal reasons.
Paid a casual employee $
Purchased new keyboard on credit for $
Instruction:
Prepare journal entries to record the transactions that have been listed above.
Set up the following general ledger accounts using accounts, entering the balances
brought forward from March :
Cash $
Supplies $
Equipment $
Accounts Payable $
Unearned Revenue $
Aurora Hunter, Capital $
Aurora Hunter, Withdrawals $
Revenue $
Casual Wages $
Rent Expense $
Post the entries in requirement to Taccounts
Prepare a trial balance as of April
Use the trial balance to prepare an income statement and statement of changes in equity
for the Four months ended April as well as a balance sheet on April
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