Set forth below is the adjusted trial balance of the Trough Corp. as of 31 March 20X2:

Account		Debit			Credit
Cash	$	24,300
Accounts receivable		70,800
Merchandise inventory		85,730
Prepaid rent		7,900
Equipment		48,300
Accumulated depreciation				$	8,910
Accounts payable					54,960
Note payable					38,700
Accrued interest payable					700
Capital stock					8,750
Retained earnings					125,010
	$	237,030		$	237,030

The following information describes the companys April transactions and provides the data required for month-end adjustments:

Cash sales were $85,800.

Sales on account were $78,500.

Repaid $9,900 of note payable principal on 1 April.

Operating expenses of $24,750 were paid in cash.

Collected $40,590 in cash from customers on account.

Wrote off $1,980 of accounts receivable as uncollectible. No other accounts receivable are in doubt of collection.

Shareholders invested $19,900 in the business in exchange for 1,000 common shares.

Bought $81,900 of merchandise on account.

Ending merchandise inventory was $53,300.

Paid suppliers $36,900 on account.

Spent $4,900 for advertising to take place in May 20X2.

Paid $14,200 in cash for wages, and still owed $2,400 for wages at month-end.

The rent had previously been paid in advance to 31 July 20X2.

The equipment has a total useful life of 10 years, and salvage of $3,900. These estimates have not changed since the asset was first acquired.

The note payable bears an interest rate of 6% per year, and interest is due on 1 May.

Required:

1. Journalize the April transactions and adjusting journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)

2. Prepare a Statement of Comprehensive Income and Statement of Financial Position for the month of April.