For the past several years, Jeff Horton has operated a part$-$time consulting business from his home. As of April $1,2019,$ Jeff decided to move to rented quarters and to operate the business on a full$-$time basis. The business was named Rosebud Consulting. Rosebud Consulting incurred the following transactions during April. PART $1$

Go to the General Ledger and input the April $1,2019$ Beginning Balance $($BB$)$ for each account. PART $2$ Use the TRANSACTION DESCRIPTIONS below to prepare the April General Journal Entries $($GJE$$s$).$

APRIL TRANSACTION DESCRIPTIONS

April $1$: The following assets were received from Jeff Horton: Cash, $$20,000$; Accounts Receivable, $$14,700$; Supplies, $$3,300$; Office Equipment, $$12,000.$ There were no liabilities received. April $1$: Prepaid $$6,000$ for three months$$ rent. April $2$: Prepaid $$4,200$ for insurance policies. April $4$: Receive $$9,400$ of Cash advances from clients for services to be provided in the future. April $5$: Purchased additional office equipment on account, $$8,000.$ April $6$: Received Cash of $$11,700$ from clients in settlement of Accounts Receivable. April $10$: Paid Cash for newspaper advertisement that was printed on April $7,$ $$350.$ April $12$: Paid $$6,400$ to partly settle the debt incurred on April $5.$ April $12$: Provided services on account for work performed April $1-12,$ $$21,900.$ April $14$: Paid receptionist for two weeks$$ salary, $$1,650.$ April $17$: Received $$6,600$ Cash from clients upon delivery of services performed April $1-16.$ April $18$: Paid Cash for Supplies, $$725.$ April $20$: Provided services on account for work performed April $13-20,$ $$16,800.$ April $24$: Received $$4,450$ Cash from clients upon delivery of services performed April $17-24.$ April $26$: Received $$26,500$ Cash from clients in settlement of Accounts Receivable. April $27$: Paid receptionist for two weeks$$ salary, $$1,650.$ April $29$: Paid bill for April telephone service, $$540.$ April $30$: Paid bill for electricity consumed during April, $$760.$ April $30$: Received $$5,160$ Cash from clients upon delivery of services performed April $25-30.$ April $30$: Provided services on account for the remainder of April, $$2,590.$ April $30$: Jeff Horton withdrew $$18,000$ Cash for personal use. PART $3$ Post the General Journal Entries to the General Ledger accounts. PART $4$ Calculate the April $30$ Unadjusted Balance $($UAB$)$ for each ledger account. PART $5$: Prepare an Unadjusted Trial Balance $($UATB$)$ for April $30.$ PART $6$: Use the information below to prepare the Adjusted Journal Entries $($AJE$$s$)$ for April $30.$ DATA FOR ADJUSTING ENTRIES a$.$ Prepaid Insurance that expired during April is $$350.$ b$.$ Supplies on hand April $30$ are $$1,225.$ c$.$ Depreciation of Office Equipment for April is $$400.$ d$.$ Accrued receptionist salary on April $30$ is $$275.$ e$.$ Prepaid Rent that expired during April is $$2,000.$ f$.$ Unearned Fees on April $30$ are $$2,350.$ PART $7$ Post the Adjusting Journal Entries to the General Ledger accounts. PART $8$ Calculate the April $30$ Adjusted Balance $($AB$)$ for each ledger account. PART $9$ Prepare an Adjusted Trial Balance $($ATB$)$ for April $30.$ PART $10$ Use the Adjusted Trial Balance to prepare an Income Statement for the month ending April $30,2019.$ PART $11$

Prepare the CLOSING JOURNAL ENTRIES $($CJE$$s$)$ for April $30.$ PART $12$

Post the Closing Journal Entries to the General Ledger accounts. PART $13$ Calculate the Post Closing Balance $($PCB$)$ for each General Ledger account. PART $14$ Prepare a Post$-$Closing Trial Balance $($PCTB$)$ for April $30.$ PART $15$ Prepare a Statement of Shareholders$$ Equity for the month ending April $30,2019.$ PART $16$ Prepare a Statement of Cash Flows for the month ending April $30,2019.$ Use the direct method. Part $17$ Prepare a balance sheet for April $30,2019.$ PROBLEM $4-5$B ROSEBUD CONSULTING

GENERAL JOURNAL

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$\backslash$hline DATE & TRANSACTION DESCRIPTION & ACCOUNTS AFFECTED & DEBIT & CREDIT & CASH FLOW EFFECT $\backslash \backslash$

$\backslash$hline GJE's & & & & & $\backslash \backslash$

$\backslash$hline April $1,2019$ & Jeff Horton invested capital into the business. & & & & $\backslash \backslash$

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$\backslash$hline April $1,2019$ & Paid three monts' rent in advance. & & & & $\backslash \backslash$

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$\backslash$hline April $2,2019$ & Purchased insurance policies. & & & & $\backslash \backslash$

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$\backslash$hline April $4,2019$ & Received cash advance from clients. & & & & $\backslash \backslash$

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$\backslash$hline April $5,2019$ & Purchase office equipment on account. & & & & $\backslash \backslash$

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$\backslash$hline April $6,2019$ & Received payment from clients on account. & & & & $\backslash \backslash$

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$\backslash$hline April $10,2019$ & Paid advertising for ad's that were printed. & & & & $\backslash \backslash$

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$\backslash$hline April $12,2019$ & Made payment on off. Equip. $($Acc$\text{'}$ts Payable$).$ & & & & $\backslash \backslash$

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$\backslash$hline April $12,2019$ & Provided services on account April $1-12.$ & & & & $\backslash \backslash$

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$\backslash$hline DATE & TRANSACTION DESCRIPTION & ACCOUN PROBLEM $4-5$B

ROSEBUD CONSULTING

GENERAL JOURNAL PROBLEM $4-5$B

ROSEBUD CONSULTING

GENERAL JOURNAL

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$\backslash$hline April $30,2019$ & Jeff Horton withdrew $18,000$ for personal use. & & & & & & $\backslash \backslash$

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$\backslash$hline April $30,2019$ & ADJUSTING JOURNAL ENTRY $($a$)$ & & & & & & $\backslash \backslash$

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$\backslash$hline & ADJUSTING JOURNAL ENTRY $($b$)$ & & & & & & $\backslash \backslash$

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$\backslash$hline & ADJUSTING JOURNAL ENTRY $($c$)$ & & & & & & $\backslash \backslash$

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$\backslash$hline & ADJUSTING JOURNAL ENTRY $($d$)$ & & & & & & $\backslash \backslash$

$\backslash$hline & & & & PROBLEM $4-5$B

ROSEBUD CONSULTING

GENERAL LEDGER ACCOUNTS

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$\backslash$hline & CASH & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$ACCOUNTS RECEIVABLE$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$SUPPLES$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$PREPAID RENT$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$PREPAID INSURANCE$\}$ & $\backslash$multicolumn$\{2\}\{$