The unadjusted trial balance of RAS Agencies, Inc. at April 30, 2013, follows.

The company prepares adjusting entries on a monthly basis.

Other data:

a. Suppliers on hand at April 30 total $980.

b. Paid $2,640 for 12-month insurance policy on January 1.

c. $2,900 of unearned service revenue has been earned at the end of the month.

d. Salaries of $1,250 are accrued at April 30.

e. The office equipment cost $18,000 has a 5-year useful life. Record the months depreciation.

f. Accrued service revenue as of April 30 was $3,000.

g. Depreciation on computers, $1,000. Record the months depreciation.

h. Borrowed $8,000 by signing a 12-month, 9% note payable.

i. On March 1, an office was rented for three months and $1,800 was paid in advance.

Required:

1- Journalize the adjusting entries.

2- Prepare the adjusted trial balance.

3- Prepare the income statement, the statement of retained earnings, and the balance sheet.

4- Journalize the closing entries

5- Prepare the after-closing trial balance