You can use the following accounts for your entries: Cash Accounts Receivable Unearned Service Revenue Capital Stock (Common Stock) Accounts Payable Office Furniture Rent Expense Salaries Expense Prepaid Rent Expense Equipment Unexpired Insurance Service Revenue Prepaid Insurance On April 01, 2018 Amy started business with $10,000, established ANM Professional Services. Other transactions for the month are: April 2, 2018. Purchase Furniture for cash $ 7,000. April 8, 2018. Purchase equipment for $1000. ANM paid $700 in cash and will pay the remaining amount of $300 in near future. April 14, 2018. April 14, 2018. Performed services for a client for $3,000; received cash for $1,000. Remaining amount will be received in the near future. April 18, 2018. Paid $300 for the equipment that was purchased on April 8. April 28,2018. Collected $2,000 from the client on April 14, 2018. April 29,2018 Performed services for a client and received cash for the full amount of $2,500. April 31, 2018. Paid monthly office rent, $700. April 31, 2018. Paid salaries of $ 2,500 for March Instructions 1- Journalize the transactions for the month of April. (20 points) 2- Prepare T accounts for the month of April (10 points). 3. Prepare trial balance for the month of April (5 points) 4- Prepare Income Statement (10points) and Balance Sheet at the end of the month (10 points) Part 2: Adjusting Entries Advance Corporation has the following transactions that require adjustments for March, 2017. Data for adjusting entries 1- March 1 Received $2,400 in advance for a work to be performed on March 20, the company performed the service on March 20. 2- March 1 Purchased one-year insurance policy for $1,200. 3- March 16 Hired a secretary to be paid on the 15th day of each month. Monthly salary for the secretary is $1,200. Instructions Prepare the necessary adjusting entries for the month of March for the transaction day and the end of the month. (20 poin Part 3: Closing Entries RC Company has the following Adjusted Trial Balance by end of December 2019 Account Name Cash Account Receivable Supplies Equipment Accounts Payable Capital Stocks Sales Revenue Dividends Salaries Expense Rent Expense Insurance Expense Depreciation Expense Totals ABM Company Adjusted Trial Balance December 31, 2019 Debit Credit 55,000 47,000 6,000 5,400 15,000 50,000 90,000 3,000 12,000 24,000 2,000 600 155,000 155,000 Requirement: 1- Post the closing journal entries. (25 points)