Emily Valley is a licensed dentist. During the first month of operation of ins and transactions occurred. Apr. 1 Invested $20,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $2,800 monthly. 2 Paid office rent for the month of $1,100. 3 Purchased \$4,000 of dental supplies on account from Dazzle Company. 10 Performed dental services and billed insurance companies $5,100. 11 Received $1,000 cash advance from Leah Mataruka for an implant. 20 Received $2,100 cash from Michael Santos for services performed. 30 Paid secretary-receptionist $2,800 for the month. 30 Paid $2,400 to Dazzle for accounts payable due. siness, the following events and transactions occurred. Apr. 1 Invested $20,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $2,800 monthly. 2 Paid office rent for the month of $1,100. 3 Purchased \$4,000 of dental supplies on account from Dazzle Company. 10 Performed dental services and billed insurance companies $5,100. 11 Received \$1,000 cash advance from Leah Mataruka for an implant. 20 Received $2,100 cash from Michael Santos for services performed. 30 Paid secretary-receptionist $2,800 for the month. 30 Paid \$2,400 to Dazzle for accounts payable due. Emily uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No 201 Accounts Payable, No. 209 Unearned Revenue, No. 301 E. Valley, Capital, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense. Instructions a. Journalize the transactions. b. Post the journal entries to the ledger accounts. (Use the ledger format provided in Illustration 2.18.) c. Prepare a trial balance at April 30, 2024. Taking It Further Emily Valley believes that now that she has posted the transactions for the month of April she no longer needs to do any further accounting for that month. Explain to Emily the next step of the accounting cycle and the benefits of performing it