you bomploting all parts below, but this compreheneive practice problem will prepare you for the Accounting Process Cyele problem in the oompetency exam. Use the information and worksheets to practice the problem. The answers have been provided. Use the following information and complete the instructions below. For the past aeveral yeare, John Addams has operabod a part-time business from his home. As of Aprl 1, 2002, John decided to move to rented quartors and to operale the businets, which was to be known as Addams 3 Family inc, on a fullitime basis. Addams 8 Famly entered into the following trantactions during Aprit: April 4 The following assets were recetved from John Addarns: cash, \$10, 000; acoounts receivabie, $1,500; supplies, $1,250; and office equipment, $7,500. These were no Fabilies recenved. April 4 Paid three months' rent on a lease rental contract, $4,500. Aprill 4 Paid the premium on preperty and casualhy insurance policios for the year, $1,800. April 5 Recelved cash from clents as an advance payment for services to be provided, $3.000. April 7 Purchased additional office furniture on asoount from Morriton Company, \$1,800. Aprit 8 . Aecelved aash from clents on acoount, $000. April 11 Paid cash for newspaper advertisement, $120 April 12 Paid Morelton Company $800 for debt incurred on April 7. April 15 Recorded services provided on aceount for the period Apell 4-15, $2,250 April 15 Paid part-time receptionist for two woeks salary, $400. April 15 Pecorded cash from cash clients for foes earned April 4-15, \$3, 175. April 18 Paid cash for supples. $750 April 22 Recorded borvices provided on aecount for April 18-22, \$1,100. April 22 Fecorded cash teom cash olents for fees earned April 18222, \$1,850. April 25 Pecelved cash from clents on account, $1,600 April 27 Paid part-time receptionist for two week's salary, \$400. April 28 Paid lelepthone bil for April, $130. April 29 Paid eloctric bil for April, $200. April 29 Pecerded cash trom cash clents for foes earned April 25-29, 52,050. April 29 Recorded services provided on account for April 25-29, \$1,000. April 20 John recelved $4,500 trom the cornpary as his salary. Instructions: (The first transaction has been recorded and posted for you). 1. Recerd the transactiont stated above in good general journal form. 2. Post the transactions to T-acocunts. 3. Record and post the following adjustments: a. Inturance expired in Aprl, $150. b. Supples on hand April 29, \$1,020. 6. Depreciation for the office equigenert in Acri, 5500 d. Accrued receptionist salary on Aprl 30, freo e. Rent expired in Aprk, $1.500. 1. Eamed $2,000 of services that eere previously paid for on 4d. 5. Propare an Income Statoment, Statemert of Retained Earnings and Balance Sheet. 6. Peoord and post closing entries. 7. Prepkse a post-elosing trtal balarice