E3-1 (LO2) (Transaction Analysis-Service Company) Beverly Crusher is a licensed CPA. During the first month of opera- tions of her business (a sole proprietorship), the following events and transactions occurred April 2 Invested $32,000 cash and equipment valued at 514,000 in the business 2 Hired an administrative assistant at a salary of $290 per week payable monthly Purchased supplies on account $700. (Debit an asset account.) Paid office rent of $600 for the month 11 Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Revenue account) 12 Received $3,200 advance on a management consulting engagement 17 Received cash of $2,300 for services completed for Ferengi Co. 21 Paid insurance expense s110. 30 Paid administrative assistant $1,160 for the month. 30 A count of supplies indicated that $1.20 of supplies had been used. 30 Purchased a new computer for $6,100 with personal funds. (The computer will be used exclusively for business purposes) Instructions Journalize the transactions in the general journal. (Omit explanations.) E3-2 (L02) (Corrected Trial Balance) The following trial balance of Wanda Landowska Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $100. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2,750 and $6,690, respectively (d) A debit posting to Advertising Expense of $300 was omitted. (e) A $1,500 cash drawing by the owner was deb- ited to Owner's Capital and credited to Cash. WANDA LANDOWSKA COMPANY TRIAL BALANCE APRIL 30, 2017 Debit 5 4,800 Credit Cash Accounts Receivable Prepaid Insurance $ 8,000 Accounts Payable Property Taxes Payable Owner's Capital Service Revenue Salaries and Wages Expense Advertising Expense Property Tax Expense 11200 $20.590$24,500 Instructions Prepare a correct trial balance