Michael Masters opened a web consulting business called Business Mastery and recorded the following transactions in its first month of operations.

April $1$ Masters invests $$86,000$ cash along with office equipment valued at $$39,500$ in the company in exchange for common stock.

April $2$ The company prepaid $$10,200$ cash for twelve months$$ rent for office space. The company's policy is record prepaid expenses in balance sheet accounts.

April $3$ The company made credit purchases for $$8,900$ in office equipment and $$3,900$ in office supplies. Payment is due within $10$ days.

April $6$ The company completed services for a client and immediately received $$7,300$ cash.

April $9$ The company completed a $$19,500$ 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 $$2,880$ cash for the premium on a $12-$month prepaid insurance policy. The company's policy is record prepaid expenses in balance sheet accounts.

April $22$ The company received $$4,200$ cash as partial payment for the work completed on April $9.$

April $25$ The company completed work for another client for $$6,600$ on credit.

April $28$ The company paid $$5,800$ cash in dividends.

April $29$ The company purchased $$3,300$ of additional office supplies on credit.

April $30$ The company paid $$2,500$ cash for this month$$s utility bill.

Descriptions of items that require adjusting entries on April $30,$ follow.

a$)$ On April $2,$ the company prepaid $$10,200$ 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 $1.$

c$)$ Office supplies on hand as of April $30$ total $$1,500.$

d$)$ Straight$-$line depreciation of office equipment, based on a $5-$year life and a $$7,900$ salvage value, is $$675$ per month.

e$)$ The company has completed work for a client, but has not yet billed the $$2,400$ fee.

f$)$ Wages due to employees, but not yet paid, as of April $30$ total $$2,900.$