Harper Service Center Trial Balance March 31,2018
Account title	Debit $	Credit $
Cash	23,900
Accounts Receivable	4,500
Office Supplies
Land
Accounts Payable		2,000
Notes Payable
Harper Capital		18,500
Harper Withdrawal
Service Revenue		10,000
Salaries Expense	800
Rent Expense	1000
Utilities Expense	300
Total	30,500	30500

During April, the business engaged in the following transactions:

April2Borrowed $45,000 cash and signed a note payable in the name of the business.

4Paid cash of $40,000 to acquire land.

9Performed services for a customer and received cash of $5,000.

13Purchased office supplies on account, $300.

15Performed services for a customer on account, $2,600.

18Paid $1,200 on account.

21Paid rent, 1.500,and salaries $3,000 .

25Received $3,100 from a customer on account.

30Harper withdrew cash of $1,800.

Requirements

1. Use T-accounts and open the accounts listed in the trial balance. Insert the balances as indicated at March 31st 2018.

2. Journalize the transactions for April. Include explanations.

3. Post the journal entries to the T-accounts.

4. Balance off the T-accounts and extract a Trial balance.

5. Use the Trial balance to prepare:

a. The Income Statement of Harper Service Center for the month ended April30th2018.

b. The Statement of Owners Equity.

c. A Balance Sheet as at April 30th 2018.