pr.4 Purchased an automobile for cash of $ 25,000, and a note payable of $ 15,000. Do as compound entry Apr.8 Performed legal services for a client and received $ 4,500 cash. REQUIREMENTS Record the proper journal entry for each situation (in good form). Explanations not required. QUESTION 4 (20 POINTS) The adjusted trial balance of Mitchell Dance Studio has the following balances at December 31, 2018: Mitchell Dance Studic Trial Balance December 31, 2018 ACCOUNT TITLE BALANCE DEBIT $ 14,300 6,700 10,400 44,000 CREDIT Cash Office Supplies Prepaid Rent Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable Mitchell, Capital Mitchell, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense, Equipment Supplies Expense Utilities Expense Total $6,400 4,100 1,800 5,300 4,900 43,400 900 17,500 2,400 2,300 1,400 800 200 83,400 83,400 REQUIREMENTS 1. 2. Prepare an income statement for the year ended December 31, 2018. Prepare a balance sheet for December 31, 2018. (Capital account is $ 52,900