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Required Information (The following information applies to the questions displayed below.) Gary Bauer opens a computer consulting business called Technology Consultants and completes the following
Required Information (The following information applies to the questions displayed below.) Gary Bauer opens a computer consulting business called Technology Consultants and completes the following transactions in April April 1 Bauer invested $175,000 cash along with $26,000 in office equipment in the company 2 The company prepaid $7,500 cash for twelve months' rent for an office, (Hint: Debit Prepaid Rent for $7,500.) 3 The company made credit purchases of office equipment for $4,300 and office supplies for $2,500. Payment is due within 10 days. 6 The company completed services for a client and immediately received $4,500 cash. 9 The company completed an $12,200 project for a client, who must pay within 30 days. 13 The company paid $6,800 cash to settle the account payable created on April 3. 19 The company paid $6,900 cash for the premium on a 12-month Insurance policy. (Hint: Debit Prepaid Insurance for $6,900.) 22 The company received $3,300 cash as partial payment for the work completed on April 9. 25 The company completed work for another client for $4,580 on credit. 28 Bauer withdrew 56,600 cash from the company for personal use. 29 The company purchased $1,200 of additional office supplies on credit. 30 The company paid $600 cash for this month's utility bill. 3. Prepare a trial balance as at the end of April. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses. Omit the "$" sign in your response.) TECHNOLOGY CONSULTANTS Trial Balance April 30 Debit Credit Cash (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Click to select (Click to select) Click to select Click to select 3 II 2 Totals $
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