Question 2 Described below is information relating to six adjustments that need to be made at the end of April, 2019 for Gray Matter Technologies, Inc. 1) Gray Matter received a utility bill of $2,350 for the month of April from the City of Albuquerque. The bill will be paid next month. 2) A count of supplies inventory revealed $1,800 in supplies are still on hand at the of the month. The current balance in the supplies account at this time is $6,500. 3) During the month of April, Gray Matter entered into a contract with Los Pollos Hermanos, Inc. to provide consulting services over the next four months, receivin payment of $60,000 on April 18th. At the end of the month, Gray Matter determ that $13,000 of services related to the contract had been provided. =) At the end of the month, Gray Matter determined it still owed employees $7, me worked since the last payroll. This amount will be paid at the next regular te next month. D Question 1 Described below are ten of the monthly transactions in the month of April for Madrigal Industries, a hirm who provides marketing services to customers. Identify the appropriate account to debit and credit for each of the following transactions. April 1 - Madrigal Industries, Inc. paid $4,500 for rent for the month of April. $4,500 April 1st Cash Prepaid Rent $4,500 April 1 - Madrigal Industries, Inc. issued common stock in exchange for $80,000. April 1st Common Stock $80,000 Cash $80,000