VukeratakeassignmentSessionLocator=&inprogress=false eBook Spreadsheet Print Item Complete Accounting Cycle Apr. 1. 1. 2. For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 2018, Jeff decided to move to rented quarters and to operate the business, which was to be known as Rosebud Consulting, on a full-time basis. Rosebud entered into the followin transactions during April: The following assets were received from Jeff Horton in exchange for common stock: cash, $20,000; accounts receivable, $14,700; supplies, $3,300; and office equipment, $12,000. There were no liabilities received. Paid three months' rent on a lease rental contract, $6,000. Paid the premiums on property and casualty Insurance policies, $4,200. 4. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $9,400. 5. Purchased additional office equipment on account from Smith Office Supply Co., $8,000 6. Received cash from clients on account, $11,700. Paid cash for a newspaper advertisement, $350. Paid Smith Office Supply Co. for part of the debt incurred on April 5, $6,400. Recorded services provided on account for the period April 1-12. $21,000. Paid receptionist for two weeks' salary, $1,650. Record the following transactions on Page 2 of the journal: 17. Recorded cash from cash clients for fees earned during the period April 1-16, $6,600, Paid cash for supplies. $725. Recorded services provided on account for the period April 13-20. 316,800. 10. 12 12. 14 18 20 By My Work Prvis eBook Spreadshee Print Item 29. 20. Recorded services provided on account for the period April 13-20, $16,800. 24. Recorded cash from cash clients for fees earned for the period April 17-24, $4,450. 26. Received cash from clients on account, $26,500. 27. Paid receptionist for two weeks' salary, $1,650. Paid telephone bill for April, $540. 30. Paid electricity bill for April, $760. 30. Recorded cash from cash dients for fees eamed for the period April 25-30, $5,160. 30. Recorded services provided on account for the remainder of April, $2,590. 30. Paid dividends, $18,000. Required: 1. Journalize each transaction in a two-column Journal starting on Page 1. referring to the following chart of accounts in selecting the accounts to be debited and credited. If there is more than one entry on the same date, be sure to enter the transactions in the exact order as presented in the data (Do not insert the account numbers in the journal at this time.) For a compound transaction. If an amount bax does not require an entry, leave it blank 11 Cash 31 Common Stock 12 Accounts Receivable 32 Retained Earnings 14 Supplies 33 Dividends 15 Prepaid Rent 41 Fees Earned 16 Prepaid Insurance 51 Salary Expense Check My Work BAN a o RE e Print item eBook Espadsheet 16 Prepaid Insurance 18 Office Equiment 19 Accumulated Depreciation 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees 51 Salary Expense 52 Supplies Expense 53 Rent Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense PAGE 1 JOURNAL Account Title Date Post. Ref. Debit Credit 2018 |Apr. 1 Apr. Previous Check My Work 2:41 AM o BE (D a hp