Jim Kennedy opened a web consulting business called Kind Matters and recorded the following transactions in its first month of operations. April 1 Kennedy invests $98,000 cash along with office equipment valued at $29,000 in the company. April 2 The company prepaid $9,600 cash for twelve months rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. April 3 The company made credit purchases for $8,600 in office equipment and $4,200 in office supplies. Payment is due within 10 days. April 6 The company completed services for a client and immediately received $5,800 cash. April 9 The company completed a $9,000 project for a client, who must pay within 30 days. April 13 The company paid $12,800 cash to settle the account payable created on April 3. April 19 The company paid $2,640 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. April 22 The company received $3,900 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $4,500 on credit. April 28 Kennedy withdrew $6,100 cash from the company for personal use. April 29 The company purchased $1,200 of additional office supplies on credit. April 30 The company paid $1,500 cash for this month's utility bill. Descriptions of items that require adjusting entries on April 30, 2021, follow. a) On April 2, the company prepaid $9,600 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April c) Office supplies on hand as of April 30 total $1,800. d) Straight-line depreciation of office equipment, based on a 5-year life and a $7,600 salvage value, is $500 per month. e) The company has completed work for a client, but has not yet billed the $2,200 fee. f) Wages due to employees, but not yet paid, as of April 30 total $3,200. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Income General Journal tab - For each transaction, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the general ledger and trial balance for accuracy. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view