The trial balance of John Menning, CPA, is dated March 31, 2017: (Click the icon to view the March 31 trial balance.) During April, the business completed the following transactions: (Click the icon to view the transactions.) Requirement 1. Record the April transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Furniture; Automobile; Land; Accounts Payable; Unearned Revenue; Menning, Capital; Menning, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Apr. 4: Collected $6,000 cash from a client on account. Data table Data table Accounts Payable $4,200 Unearned Revenue Menning, Capital \begin{tabular}{rrr} $ & 4,200 \\ & 0 \\ 0 & \\ & & \\ & 138,700 \\ & 1,400 \\ \hline56,200 & & \\ \hline \end{tabular} Menning, Withdrawals Service Revenue Salaries Expense Rent Expense Total 4 Collected $6,000 cash from a client on account. 8 Performed tax services for a client on account, $5,600. 13 Paid $3,300 on account. 14 Purchased furniture on account, $2,800. 15 Menning contributed his personal automobile to the business in exchange for capital. The automobile had a market value of $13,000. 18 Purchased office supplies on account, $1,300. 19 Received $2,800 for tax services performed on April 8. 20 Menning withdrew cash of $5,000. 21 Received $3,000 cash for consulting work completed. 4 Collected $6,000 cash from a client on account. 8 Performed tax services for a client on account, $5,600. 13 Paid $3,300 on account. 14 Purchased furniture on account, $2,800. 15 Menning contributed his personal automobile to the business in exchange for capital. The automobile had a market value of $13,000. 18 Purchased office supplies on account, $1,300. 19 Received $2,800 for tax services performed on April 8. 20 Menning withdrew cash of $5,000. 21 Received $3,000 cash for consulting work completed. 14 Purchased furniture on account, $2,800. 15 Menning contributed his personal automobile to the business in exchange for capital. The automobile had a market value of $13,000. 18 Purchased office supplies on account, $1,300. 19 Received $2,800 for tax services performed on April 8. 20 Menning withdrew cash of $5,000. 21 Received $3,000 cash for consulting work completed. 24 Received $1,800 cash for accounting services to be completed next month. 27 Paid office rent, $900. 28 Paid employee salary, $1,300. Requirements 1. Record the April transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Furniture; Automobile; Land; Accounts Payable; Unearned Revenue; Menning, Capital; Menning, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry. 2. The four-column ledger accounts listed in the trial balance, together with their balances as of March 31, have been opened for you and utilize the following account numbers: Cash, 11; Accounts Receivable, 12; Office Supplies, 13; Furniture, 14; Automobile, 15; Land, 16; Accounts Payable, 21; Unearned Revenue, 22; Menning, Capital, 31; Menning, Withdrawals, 33; Service Revenue, 41; Salaries Expense, 51; and Rent Expense, 52. Post the journal entries to four-column accounts in Requirements Include an explanation for each entry. 2. The four-column ledger accounts listed in the trial balance, together with their balances as of March 31, have been opened for you and utilize the following account numbers: Cash, 11; Accounts Receivable, 12; Office Supplies, 13; Furniture, 14; Automobile, 15; Land, 16; Accounts Payable, 21; Unearned Revenue, 22; Menning, Capital, 31; Menning, Withdrawals, 33; Service Revenue, 41; Salaries Expense, 51; and Rent Expense, 52. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 5 of the journal. 3. Prepare the trial balance of John Menning, CPA, at April 30, 2017
