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, which was to be known as Rosebud Consulting, on a full-time basis. Rosebud Consulting entered into the following transactions during April:

Apr.	1	The following assets were received from Jeff Horton: cash, $20,000; accounts receivable, $14,700; supplies, $3,300; and office equipment, $12,000. There were no liabilities received.
	1	Paid three months rent on a lease rental contract, $6,000.
	2	Paid the premiums on property and casualty insurance policies, $4,200.
	4	Received cash from clients as an advance payment for services to be provided, and recorded it as unearned fees, $9,400.
	5	Purchased additional office equipment on account from Smith Office Supply Co., $8,000.
	6	Received cash from clients on account, $11,700.
	10	Paid cash for a newspaper advertisement, $350.
	12	Paid Smith Office Supply Co. for part of the debt incurred on April 5, $6,400.
	12	Recorded services provided on account for the period April 112, $21,900.
	14	Paid receptionist for two weeks salary, $1,650.

Record the following transactions on Page 2 of the journal:

Apr.	17	Recorded cash from cash clients for fees earned during the period April 117, $6,600.
	18	Paid cash for supplies, $725.
	20	Recorded services provided on account for the period April 1320, $16,800.
	24	Recorded cash from cash clients for fees earned for the period April 1724, $4,450.
	26	Received cash from clients on account, $26,500.
	27	Paid receptionist for two weeks salary, $1,650.
	29	Paid telephone bill for April, $540.
	30	Paid electricity bill for April, $760.
	30	Recorded cash from cash clients for fees earned for the period April 2530, $5,160.
	30	Recorded services provided on account for the remainder of April, $2,590.
	30	Jeff withdrew $18,000 for personal use.

At the end of April, the adjustment data were assembled. Analyze and use these data to complete requirements (5)

	Insurance expired during April is $350.
	Supplies on hand on April 30 are $1,225.
	Depreciation of office equipment for April is $400.
	Accrued receptionist salary on April 30 is $275.
	Rent expired during April is $2,000.
	Unearned fees on April 30 are $2,350.

INSTRUCTIONS: 1. Journalize each transaction

2. Post to T-accounts/ four column accounts

3. Journalize and post the adjusting entries

4. Prepare an adjusted trial balance

Accounts in the Chart of Accounts for Rosebud Consulting Company: Cash, Accounts Receivable, Supplies, Prepaid Rent, Prepaid Insurance, Office Equipment, Accumulated Depreciation-Office Equipment, Accounts Payable, Salaries Payable, Service Revenue, Jeff Horton Capital, Jeff Horton Drawing, Unearned Revenue, Salary Expense, Supplies Expense, Rent Expense, Depreciation Expense, Insurance Expense, Advertising Expense, Utilities Expense, Telephone Expense