Mike Sweet opened a web consulting business called Sweet Homes and recorded the following transactions in its first month of operations.

April 1	Sweet invests $92,000 cash along with office equipment valued at $35,500 in the company in exchange for common stock.
April 2	The company prepaid $11,400 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 $8,100 in office equipment and $4,300 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 $15,500 project for a client, who must pay within 30 days.
April 13	The company paid $12,400 cash to settle the account payable created on April 3.
April 19	The company paid $3,360 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 $4,800 cash as partial payment for the work completed on April 9.
April 25	The company completed work for another client for $5,800 on credit.
April 28	The company paid $5,800 cash in dividends.
April 29	The company purchased $2,500 of additional office supplies on credit.
April 30	The company paid $2,500 cash for this months utility bill.

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

a) On April 2, the company prepaid $11,400 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 $1,900.

d) Straight-line depreciation of office equipment, based on a 5-year life and a $9,100 salvage value, is $575 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.

For transactions a-f, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry".

No	Date	Account Title	Debit	Credit
1	Apr 30	Rent expense	950
		Prepaid rent		950
2	Apr 30	Insurance expense	280
		Prepaid insurance		280
3	Apr 30	Office supplies expense	4,900
		Office supplies		4,900
4	Apr 30	Depreciation expense - Office equipment	575
		Accumulated depreciation - Office equipment		575
5	Apr 30	Accounts receivable	2,400
		Services revenue		2,400
6	Apr 30	Wages expense	2,900
		Wages payable		2,900

Unadjusted

SWEET HOMES
Income Statement
For Month Ended April 30, 2022
Revenues:
	$0
	0
Expenses:
	0
	0
	0
	0
	0
	0
	0
Net income		$0

Unadjusted

	Account affecting the:		Impact on net income
Adjusting entry related to:	Income Statement	Balance Sheet
a) Rent
b) Insurance
c) Office supplies
d) Depreciation
e) Unbilled fees
f) Unpaid wages
			0