Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an advance of $5,400 cash from a customer for roof repairs to be done during April and May. Billed customers $16,500 for roofing services performed. 18 Collected $14,700 cash from customers toward their accounts billed on April 12. 29 Paid $2,025 cash for truck fuel used in April. 30 Paid $300 cash for April newspaper advertising. 30 Paid $7,500 cash for assistants' wages earned. 30 Billed customers $12,000 for roofing services performed. Using the following accounts: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Trucks; Accumulated Depreciation-Trucks; Equipment; Accumulated Depreciation-Equipment, Accounts Payable; Unearned Roofing Fees; Common Stock: Roofing Fees Earned; Fuel Expense; Advertising Expense; Wages Expense; Insurance Expense; Supplies Expense; Depreciation Expense-Trucks; and Depreciation Expense-Equipment, b. Record these transactions for April using journal entries. General Journal Date Description Debit Apr. 1 Credit Owner invested cash. Apr. 2 Purchased truck, Apr. 2 Cash Purchased equipment. Apr. 3 Purchased liability insurance. Apr. 5 Purchased supplies. Apr. 5 Received advanced payment for repair work. Apr. 12 Billed for services performed. Apr. 18 Collected from customers billed on April 12. Apr. 29 Paid for April fuel expense. Apr. 30 Paid for April newspaper advertising. Apr. 30 Paid wages. Apr. 30 Recorded fees earned