For the past several years, Dustin Larkin has operated a part$-$time consulting business from his home.

As of April $1,2024,$ Dustin decided to move to rented quarters and to operate the business, which is to

be known as Quixote Consulting, on a full$-$time basis. He has hired you to do his accounting since he

needs to know about how well his business is doing, his ownership amount, and what the future of his

business looks like. Quixote Consulting entered into the following transactions during April its first

month $($next page$).$

QUIXOTE CONSULTING

CHART OF ACCOUNT S

Directions: DO THESE IN ORDERII!

The ledger should include each of the accounts from the Chart of Accounts, inspect the leger.

Journalize each transaction in April posting daily $($next page$).$

At the end of the month, prepare an Unadjusted Trial Balance in the worksheet.

The following data was accumulated for month end adjustments:

$($a$)$ Supplies on hand, $$1,000.$

$($b$)$ Insurance expired, $$200.$

$($c$)$ Salaries accrued, $2$ weeks of the salaries.

$($d$)$ Depreciation of Office Equipment, $$200,$ Furniture and Fixtures, $$250.$

$($e$)$ Bills for April received in May, Telephone, $$160$; Electricity, $$250.$

$($f$)$ Rent expired this month, $$1,500.$

$($g$)$ Unearned fees remaining at month end, $$1,500.$

$($h$)$ Accrued consulting fees eamed in this month, $$2,000.$

Finish the manual worksheet.

Prepare the $3$ Financial Statements for the month of April $2024$ including a

Classified Balance Sheet.

Journalize $($in the General Journal$)$ and post the Adjusting Entries.

Journalize $($in GJ$)$ and post the Closing Entries.

Prepare the Post$-$Closing Trial Balance.