Please help with Part 4:

Apex Consulting Corp.'s April journal entries have been posted to the general ledger for you as shown below. This is similar to how an accounting software package posts automatically. F Debit Cash Date Explanation 31/Mar Opening balance 1/Apr Issued shares 1/Apr Prepaid for rent 2/Apr Received payment for consulting in advance 11/Apr Paid for dinner with client 16/Apr Received customer payment 19/Apr Paid for dinner with client. 25/Apr Paid cash for salaries 25/Apr Paid for repairs to machinery 26/Apr Earned and received consulting revenue 30/Apr Paid bill for advertising expense. 30/Apr Dividends 30/Apr Paid for insurance expense. GJ1 90,000 GJ1 GJ1 11,400 GJ1 GJ2 10,080 GJ2 GJ3 GJ3 GJ3 672 GJ3 GJ4 GJ4 Account No. 101 Credit Balance 147.000 237,000 7,200 229,800 241.200 68 S. 241,132 251,212 75 251,137 13,300 237,837 600 237,237 237,909 900 237,009 1,470 235,539 500 235,039 F Debit Balance Accounts Receivable Date Explanation 31/Mar Opening balance 14/Apr Earned consulting revenue. 15/Apr/Earned consulting revenue 16/Apr Received customer payment. GJ2 12,288 GJ2 10,080 GJ2 Account No. 106 Credit 147,000 159,288 169,368 10,080 159,288 Prepaid Rent Explanation Date F Debit 7,200 Account No. 131 Credit Balance 7,200 1/Apr Prepaid for rent GJ1 Date 5/Apr Equipment Explanation Account No. 167 Credit Balance 22,800 Debit 22,800 GJ1 Received equipment, Machinery Explanation F Debit Date 31/Mar Account No. 169 Credit Balance 78,500 Opening balance Machinery Explanation F Debit Date 31/Mar Opening balance Account No. 169 Credit Balance 78,500 Accumulated Depreciation, Machinery Date Explanation 31/Mar Opening balance F Debit Account No. 170 Credit Balance 4,000 F Debit Accounts Payable Date Explanation 31/Mar Opening balance 5/Apr Received equipment 21/Apr Received bill for utilities expense 24/Apr Received bill for advertising expense . 30/Apr Paid bill for advertising expense GJ1 GJ2 GJ3 GJ3 Account No. 201 Credit Balance 56,500 22,800 79,300 800 80,100 900 81,000 80,100 900 Uneamed Consulting Revenue Explanation Received payment for consulting in advance Date 2/Apr Debit F GJ1 Account No. 230 Credit Balance 11.400 11,400 Share Capital Explanation F Debit Date 31/Mar Opening balance 1/Apr issued shares Account No. 301 Credit Balance 169,000 90,000 259.000 GJ1 Dividends Explanation Date 30/Apr Dividends F JGJ4 Debit 1,470 Account No. 302 Credit Balance 1,470 Retained Earnings Explanation F F Debit Date 31/Mar Opening balance Account No. 318 Credit Balance 143,000 Debit Consulting Revenue Eamed Date Explanation 14/Apr Earned consulting revenue 15/Apr Earned consulting revenue F GJ2 GJ2 Account No. 403 Credit Balance 12,288 12,288 10,080 22.368 Debit Consulting Revenue Earned Date Explanation 14/Apr Eamed consulting revenue 15/Apr Eamed consulting revenue 26/Apr Eamed and received consulting revenue. F GJ2 GJ2 GJ3 Account No. 403 Credit Balance 12.288 12,288 10.080 22,368 672 23,040 Salaries Expense Date Explanation 25/Apr Pald cash for salaries......... F Debit GJ3 13.300 Account No. 622 Credit Balance 13.300 Date 30/Apr Insurance Expense Explanation Paid for insurance expense F GJ4 Debit 500 Account No. 635 Credit Balance 500 Advertising Expense Date Explanation 24/Apr Received bill for advertising expense . F .GJ3 Debit 900 Account No. 655 Credit Balance 900 Food and Drinks Expense Date Explanation 11/Apr Paid for dinner with client.............. 19/Apr Paid for dinner with client F GJ1 GJ2 Debit 68 75 Account No. 668 Credit Balance 68 143 Repair Expense Date Explanation 25/Apr Paid for repairs to machinery F GJ3 Debit 600 Account No. 684 Credit Balance 600 Utilities Expense Date Explanation 21/Apr Received bill for utilities expense F GJ2 Debit 800 Account No. 690 Credit Balance 800 Part 3 (15 points] a) Prepare an unadjusted trial balance at April 30, 2014. HINT: Where do you get the information needed to prepare the unadjusted trial balance? The correct answer was: Apex Consulting Corp. Unadjusted Trial Balance April 30, 2014 Cash Accounts receivable Prepaid rent Equipment Machinery Accumulated depreciation, machinery Accounts payable Unearned consulting revenue Share capital Dividends Retained earnings... Consulting revenue earned. Salaries expense. Insurance expense Advertising expense Food and drinks expense Repair expense Utilities expense Totals Debit Credit 235,039 159,288 7,200 22,800 78.500 4,000 80,100 11,400 259,000 1,470 143,000 23.040 13,300 500 900 143 600 800 520,540 520,540 b) What is the next step in the accounting cycle? The correct answer is: Prepare adjusting entries Part 4 [25 points) a) Prepare the appropriate adjusting entries on April 30, 2014. HINT: Where might you look to find information to prepare the adjusting entries? NOTE: The adjusting entries will be automatically posted to the general ledger when you click 'submit' and the correct adjusted general ledger balances will be available in the solution to Part 4. General Journal Page GJS Date Account/Explanation F Debit Credit + + 1 b) What is the next step in the accounting cycle? Prepare an unadjusted trial balance O Analyze and journalize transactions Prepare a post-closing trial balance Prepare financial statements O Post transactions Prepare an adjusted trial balance O Prepare closing entries This is the last step