The following transactions occurred during the company's first month, April 1. The owner invested: cash, $26,200, accounts receivable, $6,000, goods $11,200, supplies, $2,800; and office equipment, $25,000. 1. Paid three months' rent in advance. $9.600. 2. Paid the insurance policies premiums for six months in advance, $3,600. 4. Cash received from customers as an advance payment for services to be rendered in the future, $10,000. 5. Purchased goods on account from XYZ Co., $4,000. 6. Received cash from customers on account. $3,600. 10. Paid cash for a magazine advertisement. $240. 12. Paid XYZ Co. for part of the debt incurred on April 5, $2,400 12. Services provided on account for $8,400. 14. Paid the worker for two weeks' wage, $1,500. 17. Collected cash from cash customers for fees eamed during first half of the month, $13,500. 18. Paid cash for supplies. $1,600. 19. Sold goods for $6,000 in cash. 20. Recorded services provided on account for $4,200. 27. Paid the worker for two weeks' wage. $1,500. 29. Sold goods on account for $9,000. 30. The owner withdrew $6,000 for personal use. Instructions 1. Journalize each transaction. (use Periodic Inventory Method and the period is a month) 2. Post the journal to a ledger 3. Journalize and post the adjusting entries. a. Insurance expired during April. b. Supplies on hand on April 30 are $2,700. c. Depreciation of office equipment for April is $1,400. d. Accrued wages on April 30 is $240. e. Rent expired during April is $3,200. f. Unearned fees on April 30 are $5,000 g. Cost of goods on hand as of April 30 is $5,200 5. Prepare a multiple-step format income statement, and a balance sheet. 6. Journalize and post the closing entries. 7. Prepare a post-closing trial balance