Problem

1. Journalize the following selected transactions for April 2013 in a two-column journal. Journal entry explanations may be omitted.

April 1	Received cash from stockholder, Kevin Marks, in return for stock, $14,000.
2	Received cash for providing accounting services, $9,500.
3	Billed customers on account for providing services, $4,200.
4	Paid advertising expense, $700.
5	Received cash from customers on account, $2,500.
6	Dividends paid, $1,010.
7	Received telephone bill, $900.
8	Paid telephone bill, $900.

Date	Description	Post Ref	Debit	Credit

2. Journalize in a two column journal the adjusting entries required at August 31, 2013. Omit explanations.

1. Fees accrued but unbilled are $4,500.

2. The supplies account balance on December 31 is $5,250. The supplies on hand are $1,015.

3. Wages accrued but not paid are $3,500.

4. Depreciation of office equipment is $2,200.

5. Rent expired during year, $7,800.

Date	Description	Post Ref	Debit	Credit