i need help completing my journal entry for April all of it

MANUAL INSTRUCTIONS FOR APRIL

1)Journalize the transactions listed below and on the next page and post to the ledger accounts. Omit explanations.

2)Prep.. unadjusted trial balance.

3)Journalize the adjusting entries and post to the general ledger. Adjustment data are provided on the next page.

4)Prep... adjusted trial balance.

5)Prep a schedule of accounts receivable and a schedule of accounts payable.

6)Prep an income statement for the four months ended April 30, 20Y8. If not completing the optional requirements below, use only the year-to-date amount column to comp your statement.

Optional: Prepare the statement for both the month of April and the year to date. Balances in the income and expense accounts currently reflect year-to-date activity. Complete the year-to-date income statement first. To calculate April figures, subtract year-to-date figures of March's income statement from April's year-to-date figures.

Optional: Include vertical analysis figures in the statement by calculating the percent of each line item to total revenue.

Note: If working the set with the general ledger software, the generated statement will automatically include monthly and year-to-date figures and include percentages for vertical analysis.

7)Prepar retained earnings statement for the four months ended April 30, 20Y8.

8)Prepare balance sheet as of April 30, 20Y8.

9)Complete the analysis test for April on page 57.

GENERAL LEDGER SOFTWARE INSTRUCTIONS

Follow the instructions on page 2 of this booklet. Detailed instructions for this month are available in the general ledger software by clicking the Instructions button near the bottom of your screen. (Note that you may have to scroll down and over to see this button.)

TRANSACTIONS FOR APRIL

General Entries

Apr. 2 Issued Check No. 122 to Sophia LeBron for accrued salary of S5,600.

4Issued Check No. 123 for $350 to establish a petty cash fund.

5Issued Check No. 124 for $6,800 for the current month's advertising.

0

Apr. 6 Issued Check No. 125 for $2,000 for April office rent.

6Received $12,500 from John Chui for services to decorate the family room of his home.

7Purchased supplies on account from A & D Inc. for $1,800 (net 30).

8Purchased merchandise on account from Golden Antiques for $16,000 (net 60),

10Wrote off as uncollectible the balance on the account of Roberto Andriani.

11Decorated Adelle's Gift Shop, charging $10,800 on account (net 30).

12Received payment on account from Nancy's Accounting Firm for services performed on March 13.

15 Received $5,000 cash from the sale of a Louis XV antique table. The cost of the goods sold was $4,250.

19Performed decorating services on account for Athena & Co. for $19,000 (net 60).

20Received $10,000 cash from the sale of an art deco sofa and chairs. The cost of the goods sold was $6,500.

25Received $4,300 on account from Andrea's Gourmet Food for services performed on March 26.

26Performed services on account for Blue Ocean Resort for $32,000 (net 60) in connection with decorating its new store.

26 Received $11,500 on account from Riviera's Caf for services performed on February 25.

29 Issued Check No. 126 for S230 to pay the utilities bill for the month.

29 Issued Check No. 127 for S350 in payment of the telephone bill for the month.

29 Issued Check No. 128 for $235 for postage.

29 Issued Check No. 129 for $550 for business automobile expenses.

29 Issued Check No. 130 for $7,500 to Sophia LeBron for salary. (Payroll taxes are not considered in this entry. Transactions in later months will show you how to journalize payroll tax deductions and expenses.)

29 Issued Check No. 131 to replenish petty cash. The expenditures were for supplies used, $150, and postage, $75.

Adjusting Entries

a)Expired insurance for the period, $500.

b)Supplies on hand at the end of the month, $1,100.

c)Provision for uncollectible accounts estimated at 3.0% of April credit sales, S I ,854.

Record the estimate of customer returns on this month's furniture sales:

d)Customer refunds, 32,250.

(debit SalesFumiture, credit Customer Refunds Payable)

e)Returns inventory, S 1,700.

(debit Estimated Returns Inventory, credit Cost of Goods Sold)

APRIL ANALYSIS

NameDate

Grade

A.From the statements you prepared for April, provide the following amounts:

Adjusted Trial Balance

1)Trial balance totals .....................................................................................

Schedules of Accounts Receivable and Payable

2)Schedule of accounts receivable total ...................................... ..... 3) Schedule of accounts payable total..................................................

Income Statement4)Total revenue for the four months ended April 30, 2()Y8 .

5)Total expenses for the four months ended April 30, 20Y8 . 6) Net income for the four months ended April 30, 20Y8.

Retained Earnings Statement

7) Ending retained earnings balance transferred to balance sheet..

Balance Sheet

8)Total assets as of April 30, 20Y8 ..........

9)Total liabilities as of April 30, 20Y8..............................................s

10)Total stockholder's equity as of April 30, 20Y8 ............................

B.Show the computation of uncollectible accounts expense.

DATE

DESCRIPTION

POST.

REF.

DEBIT

CREDIT

DATE

DESCRIPTION

POST.

REF.

DEBIT

CREDIT

11

21

31

M Place, House of Dcor

Unadusted Trial Balance

A HI 30, 20Y8

ACCOUNT

ACCT. NO.

DEBIT BALANCES

CREDIT BALANCES

C

M Place, House of Dcor

Affusted Trial Balance

A ri130, 20Y8

ACCOUNT

ACCT. NO.

DEBIT BALANCES

CREDIT BALANCES

M Place, House of Dcor

Schedule of Accounts Receivable

A ri130, 20Y8

M Place, House of Dcor

Schedule of Accounts Pa able

A HI 30, 20Y8

M Place, House of Dcor

Income Statement

For the Four Months Ended A ril 30, 20Y8

APRIL

YEAR TO DATE

AMOUNT

PERCENT

AMOUNT

PERCENT

M Place, House of Dcor

Retained Earnin s Statement

For the Four Months Ended A ril 30, 20Y8

M Place, House of Dcor

Balance Sheet

A HI 30, 20Y8