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Aurora Hunter is a business owner who has experienced success on a global scale. On

January $1,2020,$ Aurora started her business, The Modelling and Acting, where she

teaches modeling and acting for stage and movies. The following activity occurred in

the month of April.

April $1$ Purchased supplies on credit for $$200$

$2$ Collected $$6,600$ in advance for modeling lessons to be completed in May.

$4$ Collected $$3,500$ for teaching acting lessons in February.

$6$ Paid $$3,000$ to rent a theatre for a large group to teach in April.

$9$ Paid $$2,500$ for supplies purchased on account last month.

$14$ Aurora Hunter withdrew cash of $$1,500$ for personal reasons.

$22$ Paid a casual employee $$500.$

$29$ Purchased new keyboard on credit for $$400.$

Instruction:

Prepare journal entries to record the transactions that have been listed above.

Set up the following general ledger accounts using $T-$accounts, entering the balances

brought forward from March $31,2020$:

Cash $(101)$ $$10,000$

Supplies $(125)$ $$1,000$

Equipment $(160)$ $$9,000$

Accounts Payable $(201)$ $$2,500$

Unearned Revenue $(230)$ $$5,000$

Aurora Hunter, Capital $(301)$ $$2,000$

Aurora Hunter, Withdrawals $(302)$ $$5,000$

Revenue $(401)$ $$35,500$

Casual Wages $(620)$ $$5,000$

Rent Expense $(645)$ $$15,000$

Post the entries in requirement $(1.)$ to T$-$accounts

Prepare a trial balance as of April $30,2020.$

Use the trial balance to prepare an income statement and statement of changes in equity

for the Four months ended April $30,2020,$ as well as a balance sheet on April $30,2020.$

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