Mark Gold opened Gold Roofing Service on April $1.$ Transactions for April are as follows:

$1$ Gold contributed his personal funds in exchange for

common stock to begin the business. $$15,000$

$2$ Purchased a used truck for cash. $6,100$

$3$ Purchased ladders and other equipment for a total of $3,100$

Paid cash of $$1,000,$ with the balance due in $30$ days.

$4$ Paid two$-$year premium on liability insurance. $6,000$

$5$ Purchased supplies on account $1,200$

$6$ Received an advance payment from a customer for

roof repair work to be done in April and May. $1,800$

$7$ Billed customers for roofing services. $9,000$

$8$ Collected on account from customers. $6,500$

$9$ Paid bill for truck fuel used in April. $75$

$10$ Paid April newspaper advertising. $100$

$11$ Paid assistants' wages. $4,500$

$12$ Billed customers for roofing services. $5,000$

Required

a$.$ Set up a general ledger with the following accounts: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Trucks; Accumulated Depreciation$-$Trucks; Equipment; Accumulated Depreciation$-$Equipment; Accounts Payable; Unearned Roofing Fees; Common Stock; Roofing Fees Earned; Fuel Expense; Advertising Expense; Wages Expense; Insurance Expense; Supplies Expense; Depreciation Expense$-$Trucks; and Depreciation Expense$-$Equipment.

b$.$ Record these transactions in the general journal and post to the ledger accounts.

c$.$ Prepare an unadjusted trial balance as of April $30.$

d$.$ Prepare the journal entries to adjust the books for insurance expense, supplies expense, depreciation expense on the truck, depreciation expense on the equipment, and roofing fees earned. Supplies on hand on April $30$ amounted to $$950.$ Depreciation for April was $$155$ on the truck and $$35$ on the equipment. One$-$fourth of the roofing fee received in advance was earned by April $30.$ Post the adjusting entries.

Journal Entries

T$-$Accounts

Unadjusted Trial Balance

Adjusted Journal Entries