1. Prepare journal entries to record each of the events listed. (Omit explanations. Use the templates for journal entries)
2. Post the journal entries to T-accounts (Use the provided T-account template).
3. Prepare an unadjusted trial balance as of April 30, 2020 (Use the provided Trial Balance template).
4. Journalise the adjusting entries (Use the templates for adjusting entries)
5. Prepare the adjusted trial balance as of April 30, 2020 (Use the provided Adjusted Trial Balance template).

Stockholders invested $50,000 cash in exchange for common stock.

Purchased office equipment costing $15,000. A cash payment of $5,000 was made immediately; the remainder will be paid in 3 months.

Signed a 1-year rental agreement on an office; paid $12,000 cash in advance for the first six months.

Purchased basic office supplies for $1,200 on account.

Earned $20,000 on an advertising service that has been completed$10,000 cash and the balance on account.

Hired a secretary who will be paid a monthly salary of $2,500.

Collected $10,000 for an advertising service that will be rendered over the next two months.

Received $5,000 from customers in payment of accounts receivable

Made a cash payment of $300 for utility bills received

Paid $2,000 dividends to shareholders

T-ACCOUNTS

UNADJUSTED TRIAL BALANCE