Gary Bauer opens a computer consulting business called Technology Consultants and completes the following transactions in April.

[The following information applies to the questions displayed below.]

Gary Bauer opens a computer consulting business called Technology Consultants and completes the following transactions in April.

April 1	Bauer invested $190,000 cash along with $26,000 in office equipment in the  company in exchange for common stock.
2	The company prepaid $7,000 cash for twelve months' rent for an office. (Hint: Debit Prepaid Rent for $7,000.)
3	The company made credit purchases of office equipment for $5,000 and office supplies for $2,100. Payment is due within 10 days.
6	The company completed services for a client and immediately received $3,500 cash.
9	The company completed a $9,600 project for a client, who must pay within 30 days.
13	The company paid $7,100 cash to settle the account payable created on April 3.
19	The company paid $4,300 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $4,300.)
22	The company received $3,800 cash as partial payment for the work completed on April 9.
25	The company completed work for another client for $4,910 on credit.
28	The company paid $5,400 cash for dividends.
29	The company purchased $1,300 of additional office supplies on credit.
30	The company paid $1,400 cash for this month's utility bill.

1.	Record these transactions using the following titles: Cash, Accounts Receivable, Office Supplies, Prepaid Insurance, Prepaid Rent, Office Equipment, Accounts Payable, Common stock, Dividends, Services Revenue, and Utilities Expense. (Omit the "$" sign in your response.)

     

Date	General Journal	Debit	Credit
Apr. 1	Cash
	Office equipment
	Common stock
2	Prepaid rent
	Cash
3	Office equipment
	Office supplies
	Accounts payable
6	Cash
	Services revenue
9	Accounts receivable
	Services revenue
13	Accounts payable
	Cash
19	Prepaid insurance
	Cash
22	Cash
	Accounts receivable
25	Accounts receivable
	Services revenue
28	Dividends
	Cash
29	Office supplies
	Accounts payable
30	Utilities expense
	Cash

 

2.

Open the ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts and enter the balance after each posting.(Record the transactions in given order. Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.)

     

Cash
Date			Debit			Credit		Balance
April	1
	2
	6
	13
	19
	22
	28
	30

      

Accounts Receivable
Date			Debit			Credit		Balance
April	9
	22
	25

     

Office Supplies
Date			Debit			Credit		Balance
April	3
	29

     

Prepaid Insurance
Date			Debit			Credit		Balance
April	19

     

Prepaid Rent
Date			Debit			Credit		Balance
April	2

     

Office Equipment
Date			Debit			Credit		Balance
April	1
	3

      

Accounts Payable
Date			Debit			Credit		Balance
April	3
	13
	29

      

Common Stock
Date			Debit			Credit		Balance
April	1

     

Dividends
Date			Debit			Credit		Balance
April	28

      

Services Revenue
Date			Debit			Credit		Balance
April	6
	9
	25

     

Utilities Expense
Date			Debit			Credit		Balance
April	30

 

 6.

award:
0 out of
2.00 points

3.	Prepare a trial balance as of the end of April. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses. Omit the "$" sign in your response.)

     

TECHNOLOGY CONSULTANTS Trial Balance April 30
	Debit	Credit
Cash	$
Accounts receivable
Office supplies
Prepaid insurance
Prepaid rent
Office equipment
Accounts payable		$
Common stock
Dividends
Service revenue
Utilities expense
Totals	$	$