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Roberto Ricci opens a computer consulting business called Financial Consultants and completes the following transactions in April: April 1 1 2 6 9 10 Ricci

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Roberto Ricci opens a computer consulting business called Financial Consultants and completes the following transactions in April: April 1 1 2 6 9 10 Ricci invests $80,000 cash along with office equipment valued at $26,000. Prepaid $9,000 cash for three months' rent for office space. Made credit purchases of office equipment for $8,000 and office supplies for $3,600. Completed services for a client and immediately received $4,000 cash. Completed a $6,000 project for a client, who will pay within 30 days. Paid the account payable created on April 2 in cash. Completed services for a client and received $2,500 cash. Paid $2.400 cash for the premium on a 12-month Insurance policy. Received $4.400 cash as partial payment for the work completed on April 9. Completed work for another client for $2,890 on credit. Ricci withdrew $5,500 cash from the business for personal use. Purchased $600 of additional office space on credit Paid $435 cash for this month's utility bill. 12 19 22 25 30 30 30 Instructions Complete the accounting cycle for the above. Adjusting entries are below. Adjusting Entries. 1. Insurance expired during month, 2. Supplies on hand on April 30 are $330. 3. Depreciation of equipment for April is $400. 4. Accrued receptionist salary on April 30 is $275, 5. Roberto earned $3,500 from a client who has not yet paid. 6. Adjust for the rent used during the month

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