On April 1, 2018, Redmond Company, an information technology (IT) consulting company, received $650,000 cash from the owner, Ron Larson.

On April 3, Redmond paid $225,000 cash for land.

Redmond purchased $1,250 of office supplies on account on April 5.

On April 6, Redmond provided IT consulting services for a client and collected $12,000 cash.

Redmond provided IT consulting services of $14,000 for clients on April 7. The clients will pay Redmond in the future.

Redmond paid cash expenses on April 10: salaries of $8,000 and office rent of $5,000.

On April 12, Redmond paid $750 on the accounts payable created in Transaction #3.

Redmond collected $3,000 cash on April 14 from a client in transaction #5.

On April 16, Ron Larson withdrew $2,500 cash.

On April 18, Redmond prepaid office rent of $15,000 for the months of May, June and July.

Redmond paid $8,000 salaries to employees on April 20.

Redmond purchased a building for $520,000 on April 25. A note payable was issued for the entire amount.

On April 26, Redmond received a contribution of furniture with a fair market value of $25,000 from Ron Larson.

Redmond received a cell phone bill for $1,100 on April 28 and will pay this amount in May. Use Utilities Payable.

On April 30, Redmond paid employee salaries of $8,000.

Redmond meets with a client on April 30, who pays $22,000 in advance for consulting services to be performed during May and June.

On April 30, Redmond performed consulting services for clients and received $16,000 in cash.

I added the transactions to the bottom of the message

2. Post the journal entries to the T-accounts. Use the blue shaded areas fs a. For each journal entry, post the amount on the correct side of the T-acc b. Total debits should equal total credits. The debit-credit balance check a 3. Prepare the income statement, statement of owner's equity, and balanc a. Fill in the blue shaded areas using a formula that references the account b. Format the cells requiring dollar signs. Number formatting is located on counts Receivable \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 0 Notes Payable Office Supplies \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 0 Land Building Furniture Income Statement Revenues: Expenses: \begin{tabular}{|l|} \hline \\ \hline \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \\ \hline \\ \hline \\ \hline \end{tabular} Total Expenses 0 0 Statement of Owner's Equity \begin{tabular}{|l|} \hline \\ \hline \\ \hline \end{tabular} Balance Sheet Assets Liabilities \begin{tabular}{|l|} \hline Assets \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular} Total Assets Total Liabilities Owner's Equity Total Liabilities and Owner's Equity 0 $0 B Account and Explanaton