SOLVE THE RED SPOTS

- . 1 - - ---N clandes . TE 4 14 TA De 11 JOURNAL PAGE 1 Date Account Title Post. Ref. Debit Credit 2049 Apr. 1 Cash 11 20,000 Accounts Receivable 12 14,700 Supplies 14 x 3,300 Office Equipment 18 X 12,000 Jeff Horton, Capital 31 X 50,000 Apr. 1 Prepaid Rent 15 X 6,000 Cash 11 x 6,000 Apr. 2 Prepaid Insurance 16 4,200 Cash 11 x 4,200 Apr. 4 Cash 11 X 9,400 Unearned Fees 23 9,400 Apr. 5 Office Equipment 18 x 8,000 Accounts Payable 21 8,000 Apr. 6 Cash 11 X 11,700 Accounts Receivable 12 11,700 Apr. 10 Miscellaneous Expense 59 X 350 CUS UUUU Apr. 2 Prepaid Insurance 16 4,200 Cash 11 X 4,200 Apr. 4 Cash 11 X 9,400 Unearned Fees 23 X 9,400 Apr. 5 Office Equipment 18 X 8,000 Accounts Payable 21 X 8,000 Apr. 6 Cash 11 x 11,700 Accounts Receivable 12 11,700 Apr. 10 Miscellaneous Expense 59 > 350 Cash 11 350 21 Accounts Payable Apr. 12 6,400 Cash 11 X 6,400 Accounts Receivable 12 x 21,900 Apr. 12 21,900 Fees Earned 41 X 1,650 51 X Apr. 14 Salary Expense 11 X Cash 1,650 JOURNAL Date Account Title PAGE 2 Post. Ref. Debit 2049 Credit Apr. 17 Cash 11 6,600 Fees Earned 41 x 6,600 Apr. 18 Supplies 14 X 725 Cash 11 725 Apr. 20 Accounts Receivable 12 X 16,800 Fees Earned 41 x 16,800 Apr. 24 Cash 11 X 4,450 Fees Earned 41 X 4,450 Apr. 26 Cash 11 26,500 Accounts Receivable 12 x 26,500 Apr. 27 Salary Expense 51 X 1,650 Cash 11 1,650 Apr. 29 Miscellaneous Expense 59 540 Cash 11 x 540 Apr. 30 Miscellaneous Expense 59 760 Apr, 24 Cash 11 4,450 Fees Earned 41 X 4,450 Apr. 26 Cash 11 x 26,500 Accounts Receivable 12 X 26,500 Apr. 27 Salary Expense 51 X 1,650 Cash 11 X 1,650 Apr. 29 Miscellaneous Expense 59 X 540 Cash 11 X 540 Apr. 30 Miscellaneous Expense 760 59 X Cash 11 X 760 11 X Cash 5,160 Apr. 30 41 5,160 Fees Earned 12 X 2,590 Apr. 30 Accounts Receivable 41 2,590 Fees Earned 32 18,000 Apr. 30 Jeff Horton, Drawing 11 18,000 Cash . - CH GENERAL JOURNAL Date Account Title PAGE 3 Post.Ref. Debit Adjusting Entries Credit Insurance Expense 55 X 350 Prepaid Insurance 16 X 350 b. Supplies Expense 52 2,800 Supplies 141X 2,800 C. Depreciation Expense 54 X 400 Accumulated Depreciation 19 X 400 d. Salary Expense 51 X 275 Salaries Payable 22 275 Rent Expense 53 x 2,000 Prepaid Rent 15 X 2,000 Unearned Fees 23 X 7,050 Fees Earned 41 X 7,050 7. In the spreadsheet, prepare an adjusted trial balance. 8. Prepare an income statement, a statement of owner's equity, and a balance sheet. Rosebud Consulting 8. Prepare an income statement, a statement of owner's equity, and a balance sheet. Rosebud Consulting Income Statement For the Month Ended April 30, 2019 Fees earned 64,550 Expenses: Salary expense 3,575 Supplies expense 2,800 Rent expense 2,000 Depreciation expense 400 Insurance expense 350 Miscellaneous expense 1,650 Total Expenses 10,775 Net income 53,775 Rosebud Consulting Statement of Owner's Equity For the Month Ended April 30, 2019 Jeff Horton, capital, April 1. 2049 139,550 Investment during month 50,000 Net income 53,775 103,775 Withdrawals -18,000 Increase in owner's equity 85,775 Jeff Horton, capital, April 30, 2019 53,775 Head Com Balance Sheet And. C Currenties 433 LO 11,90 275 LET OSCE 3.650 Thes 4.200 Turent 70,00 Pret w 30,000 175 400 T Total 0.000 a es mer hemes in the time the garden with DENIAL ORNAL Hesret Paste PAGE: Cr Yesu 41 16 . 2,00 ES 2.000 3. So the other they were the standardew Die GENERAL JOURNAL Pastat PALE Cente Debt AT 56.550 TE 2:57 Alts 2600 AS 2.000 A A 350 1,61 C 16 000 13,000 10 grade Hare all Ar 102 Credit Balance ASESO 17. Insurance Expense 55 350 Miscellaneous Expense 59 1,650 Jeff Horton, Capital 31 X 53,775 x Apr. 30 Jeff Horton, Capital 31 18,000 Jeff Horton, Drawing 32 18,000 10. Prepare a post-closing trial balance. If a box does not require an entry, leave it blank. Rosebud Consulting Post-Closing Trial Balance April 30, 2019 Debit Credit Balances Balances Cash 43,535 Accounts Receivable 17,790 Supplies 1,225 Prepaid Rent 3,650 Prepaid Insurance X 4,200 Office Equipment 20,000 400 Accumulated Depreciation Office Equipment 1,600 Accounts Payable 275 Salaries Payable 2,350 Unearned Fees 85,775 Jeff Horton, Capital 90,400 90,400 - . 1 - - ---N clandes . TE 4 14 TA De 11 JOURNAL PAGE 1 Date Account Title Post. Ref. Debit Credit 2049 Apr. 1 Cash 11 20,000 Accounts Receivable 12 14,700 Supplies 14 x 3,300 Office Equipment 18 X 12,000 Jeff Horton, Capital 31 X 50,000 Apr. 1 Prepaid Rent 15 X 6,000 Cash 11 x 6,000 Apr. 2 Prepaid Insurance 16 4,200 Cash 11 x 4,200 Apr. 4 Cash 11 X 9,400 Unearned Fees 23 9,400 Apr. 5 Office Equipment 18 x 8,000 Accounts Payable 21 8,000 Apr. 6 Cash 11 X 11,700 Accounts Receivable 12 11,700 Apr. 10 Miscellaneous Expense 59 X 350 CUS UUUU Apr. 2 Prepaid Insurance 16 4,200 Cash 11 X 4,200 Apr. 4 Cash 11 X 9,400 Unearned Fees 23 X 9,400 Apr. 5 Office Equipment 18 X 8,000 Accounts Payable 21 X 8,000 Apr. 6 Cash 11 x 11,700 Accounts Receivable 12 11,700 Apr. 10 Miscellaneous Expense 59 > 350 Cash 11 350 21 Accounts Payable Apr. 12 6,400 Cash 11 X 6,400 Accounts Receivable 12 x 21,900 Apr. 12 21,900 Fees Earned 41 X 1,650 51 X Apr. 14 Salary Expense 11 X Cash 1,650 JOURNAL Date Account Title PAGE 2 Post. Ref. Debit 2049 Credit Apr. 17 Cash 11 6,600 Fees Earned 41 x 6,600 Apr. 18 Supplies 14 X 725 Cash 11 725 Apr. 20 Accounts Receivable 12 X 16,800 Fees Earned 41 x 16,800 Apr. 24 Cash 11 X 4,450 Fees Earned 41 X 4,450 Apr. 26 Cash 11 26,500 Accounts Receivable 12 x 26,500 Apr. 27 Salary Expense 51 X 1,650 Cash 11 1,650 Apr. 29 Miscellaneous Expense 59 540 Cash 11 x 540 Apr. 30 Miscellaneous Expense 59 760 Apr, 24 Cash 11 4,450 Fees Earned 41 X 4,450 Apr. 26 Cash 11 x 26,500 Accounts Receivable 12 X 26,500 Apr. 27 Salary Expense 51 X 1,650 Cash 11 X 1,650 Apr. 29 Miscellaneous Expense 59 X 540 Cash 11 X 540 Apr. 30 Miscellaneous Expense 760 59 X Cash 11 X 760 11 X Cash 5,160 Apr. 30 41 5,160 Fees Earned 12 X 2,590 Apr. 30 Accounts Receivable 41 2,590 Fees Earned 32 18,000 Apr. 30 Jeff Horton, Drawing 11 18,000 Cash . - CH GENERAL JOURNAL Date Account Title PAGE 3 Post.Ref. Debit Adjusting Entries Credit Insurance Expense 55 X 350 Prepaid Insurance 16 X 350 b. Supplies Expense 52 2,800 Supplies 141X 2,800 C. Depreciation Expense 54 X 400 Accumulated Depreciation 19 X 400 d. Salary Expense 51 X 275 Salaries Payable 22 275 Rent Expense 53 x 2,000 Prepaid Rent 15 X 2,000 Unearned Fees 23 X 7,050 Fees Earned 41 X 7,050 7. In the spreadsheet, prepare an adjusted trial balance. 8. Prepare an income statement, a statement of owner's equity, and a balance sheet. Rosebud Consulting 8. Prepare an income statement, a statement of owner's equity, and a balance sheet. Rosebud Consulting Income Statement For the Month Ended April 30, 2019 Fees earned 64,550 Expenses: Salary expense 3,575 Supplies expense 2,800 Rent expense 2,000 Depreciation expense 400 Insurance expense 350 Miscellaneous expense 1,650 Total Expenses 10,775 Net income 53,775 Rosebud Consulting Statement of Owner's Equity For the Month Ended April 30, 2019 Jeff Horton, capital, April 1. 2049 139,550 Investment during month 50,000 Net income 53,775 103,775 Withdrawals -18,000 Increase in owner's equity 85,775 Jeff Horton, capital, April 30, 2019 53,775 Head Com Balance Sheet And. C Currenties 433 LO 11,90 275 LET OSCE 3.650 Thes 4.200 Turent 70,00 Pret w 30,000 175 400 T Total 0.000 a es mer hemes in the time the garden with DENIAL ORNAL Hesret Paste PAGE: Cr Yesu 41 16 . 2,00 ES 2.000 3. So the other they were the standardew Die GENERAL JOURNAL Pastat PALE Cente Debt AT 56.550 TE 2:57 Alts 2600 AS 2.000 A A 350 1,61 C 16 000 13,000 10 grade Hare all Ar 102 Credit Balance ASESO 17. Insurance Expense 55 350 Miscellaneous Expense 59 1,650 Jeff Horton, Capital 31 X 53,775 x Apr. 30 Jeff Horton, Capital 31 18,000 Jeff Horton, Drawing 32 18,000 10. Prepare a post-closing trial balance. If a box does not require an entry, leave it blank. Rosebud Consulting Post-Closing Trial Balance April 30, 2019 Debit Credit Balances Balances Cash 43,535 Accounts Receivable 17,790 Supplies 1,225 Prepaid Rent 3,650 Prepaid Insurance X 4,200 Office Equipment 20,000 400 Accumulated Depreciation Office Equipment 1,600 Accounts Payable 275 Salaries Payable 2,350 Unearned Fees 85,775 Jeff Horton, Capital 90,400 90,400