Show each of the transactions described below as a journal entry including the date and then post each of the entries to the T-accounts

April 1: Paid three months rent on a lease rental contract, $4,800

2: Paid a six-month insurance premium for $1,800

4: Received cash from clients as an advance payment for services to be

provided and recorded as unearned fees, $5,000

5: Purchased additional office equipment on account from Office Station Co.,

$2,000.

6: Received cash from clients on account, $1,800.

10: Paid cash for a newspaper advertisement, $120

12: Paid Office Station Co. for part of the debt incurred on April 5, $1200.

12: Recorded services provided on account for the period April 1-12, $4,200.

14. Paid part-time receptionist for two weeks salary, $750.

17: Recorded cash from cash clients for fees earned during the period April

1-16, $6,250.

18: Paid cash for supplies, $800.

20: Recorded services provided on account for the period April 13-20, $2,100.

24: Recorded cash from cash clients for fees earned the period April

17-24, $3,850.

26: Received cash from clients on account, $5,600.

27: Paid part-time receptionist for two weeks salary, $750.

29: Paid telephone bill for April, $130.

30: Paid electricity bill for April, $200.

30: Recorded cash from cash clients for fees earned for the period April 25-30,

$3,050.

30: Recorded services provided on account for the remainder of April, $1,500.

30. A dividend of $6,000 was declared and paid.

The following are adjusting entries to be recorded on April 30th:

1. Insurance expired during April is $300.
2. Supplies on hand on April 30 are $1,350.
3. Depreciation of office equipment for April is $700.
4. Accrued receptionist salary on April 30 is $120.
5. Rent expired during April is $1,600.
6. Unearned fees on April 30 are $2,500.

T-accounts below:

Accounts

Cash Receivable Supplies Prepaid Rent

--------------------- ------------------- -------------- ---------------

$13,100 $3,000 $1,400

Office Accumulated

Prepaid Insurance Equipment Depreciation

-------------------------- ------------------- -------------------

$12,500

Unearned

Accounts Payable Salaries Payable Fees Common Stock

----------------------- --------------------- ---------------- --------------------

$30,000

Retained Earnings Fees Earned Salary Expense Rent Expense

------------------------ ----------------- ---------------------- ------------------

Depreciation Miscellaneous

Supplies Expense Expense Insurance Expense Expense

----------------------- --------------------- ------------------------- -----------------