Ed Egert opened a web consulting business called Gourmet Menus and recorded the following transactions in its first month of operations. April 1 Eqert inveata $39,000 cash along with office equipment valued at $27,500 in the company in exehange for common ateck. April 2 The company prepoid $10,800 cash for twolve monthn' Fent for office mpace. The company'= policy ia record April 3 The Toe cempanensea in balance sheet accoantin. April a The company made eredft purehanes for $6,300 in office equipment and $3,900 in office applies. Payment ia due Aprit 6 the company conpleted services for a cl ient and immediately received 54,900 cash. April 9 The company completed a 37,500 project for a olient, who muat pay within 30 days. April 13 the company paid $12,200 eanh to aettle the account payable ereated on Apri1 3 . April 19 The eampany paid $3,120 cash for the premius on a 12 -month insurance policy. The conpany' policy is record prepaid expenaen in balance abeet accounts. Aprit 22 The conpany received $4,500 canh as partial paynent for the work cospleted on Aprit 9 . April 28 The company coepleted work for another olient for $4,200 on eredit. Apri1 29 The company parehaged $900 of in dividends. Apri1 30 The company paid $900 ea of additional office supplies on eredit. Descriptions of items that require adjusting entries on April 30 , follow. a) On April 2, the company prepaid $10,800 cash for twelve months' ront for office space. b) The c) Otfice supplies on hand as of April 30 totat $1,500. e) The company has compieted work for a client. but on a 5 -year life and a $14,800 salvage value, is $350 per month. f) Wages due to employees, but not yet paid. as of April not yet billed the $2,400 fee. For transactions a-f, review the unadjusted balance and prepare the adjusting entry necessary to correctiy report the revenue earned or the For transactions a-t, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted autornatically to the general ledger and trial balance as soon as you click "record entry". Journal entry worksheet 456 On April 2, the company prepaid $10,800 cash for twelve months' rent for office space. Prepare the required adjusting entry, If any. Note: Finter debits before vedits. earned or the expense incurred. Each adjustment is posted autornatically to the general ledger and trial "record entry". Journal entry worksheet The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy; the policy's coverage began on April 1. Prepare the required adjusting entry, if any. Note: Enter debits before credits. For transactions a-t, review the unadjusted balance and prepare the adjusting entry necessary to correctry report the revenue earned or the expense Incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry". Journal entry worksheet 1 6 Office supplies on hand as of April 30 total $1,500, Prepare the required adjusting entry, if any. Note: Enier debits before credits. For transactions a-f, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry". Journal entry worksheet 1 6 Straight-line depreciation of office equipment, based on a 5 -year life and a $14,800 salvage value, is $350 per month. Prepare the required adjusting entry, If any. Wotni Enter debits before credits. For transactions a-f, revlew the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry". Journal entry worksheet 1 (2) 3 6 The company has completed work for a client, but has not yet billed the $2,400 fee. Prepare the required adjusting entry, if any. Note: Enter debits before credits. For transactions a-f, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted autornatically to the general ledger and trial balance as soon as you clic "record entry". Journal entry worksheet 1 Wages due to employees, but not yet paid, as of April 30 total $2,900. Prepare the required adjusting entry, if any. Note: Enter debits before credits