Moe Drawing Expert, sole proprietorship, was established on April 1. During the month of Monet, had the following transactions: April,the owner, Pierre Apr. 1 The owner, Pierre Monet, invested $20,000 in the business. 1 Paid monthly rent of $1,000 4 Paid $13,000 to purchase a delivery van (equipment). Purchased a one-year insurance policy to be consumed evenly over the next 12 months, $4,800. 6 Received prepayment for a contracted job to be performed in May, $4,500. 7 Purchased office supplies on credit from Office Depot, $1,200. 8 Billed customer (John Doe) for services provided, $7,500. 12 Paid to have an ad placed on a billboard during April, $1,300. 18 Billed customer (Mary Wilson) for services provided, $8,600. 24 Paid the amount owed on the office supplies previously purchased on April 7. 30 30 Received utility bills for the month of April to be paid next month to PSE&G, $740. Owner withdrew $500 for personal use. he Chart of Accounts for the Drawing Expert contains the following accounts: Cash (101); Accounts Receivable 12); Prepaid Insurance (117); Supplies (119); Equipment (144); Accumulated Depreciation- Equipment (145) ccounts Payable (201); Salaries and Wages Payable (210); Unearned Revenue (215):Owner, Capital (301); Owner, ithdrawals (302); Income Summary (315); Service Revenue (401); Rent Expense (511);Advertising Expense (512); surance Expense (513); Supplies Expense (514); Depreciation Expense (515); Salaries and Wages Expense (517) ility Expense (520) ditional Information a) April depreciation for the delivery van is $217 b) An inventory count of office supplies at April 30 showed $500 of supplies on hand. c) Prepaid insurance has expired. d) Employees' salaries and wages carned during April but to be paid in May, $2,000. . Explain what is meant by "balanced" in the balanced scorecard approach. Moe Drawing Expert, sole proprietorship, was established on April 1. During the month of Monet, had the following transactions: April,the owner, Pierre Apr. 1 The owner, Pierre Monet, invested $20,000 in the business. 1 Paid monthly rent of $1,000 4 Paid $13,000 to purchase a delivery van (equipment). Purchased a one-year insurance policy to be consumed evenly over the next 12 months, $4,800. 6 Received prepayment for a contracted job to be performed in May, $4,500. 7 Purchased office supplies on credit from Office Depot, $1,200. 8 Billed customer (John Doe) for services provided, $7,500. 12 Paid to have an ad placed on a billboard during April, $1,300. 18 Billed customer (Mary Wilson) for services provided, $8,600. 24 Paid the amount owed on the office supplies previously purchased on April 7. 30 30 Received utility bills for the month of April to be paid next month to PSE&G, $740. Owner withdrew $500 for personal use. he Chart of Accounts for the Drawing Expert contains the following accounts: Cash (101); Accounts Receivable 12); Prepaid Insurance (117); Supplies (119); Equipment (144); Accumulated Depreciation- Equipment (145) ccounts Payable (201); Salaries and Wages Payable (210); Unearned Revenue (215):Owner, Capital (301); Owner, ithdrawals (302); Income Summary (315); Service Revenue (401); Rent Expense (511);Advertising Expense (512); surance Expense (513); Supplies Expense (514); Depreciation Expense (515); Salaries and Wages Expense (517) ility Expense (520) ditional Information a) April depreciation for the delivery van is $217 b) An inventory count of office supplies at April 30 showed $500 of supplies on hand. c) Prepaid insurance has expired. d) Employees' salaries and wages carned during April but to be paid in May, $2,000. . Explain what is meant by "balanced" in the balanced scorecard approach
