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For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 2016, 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 Consulting entered into the following transactions during April:

Apr.	1	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.
	1	Paid three months rent on a lease rental contract, $6,000.
	2	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.
	10	Paid cash for a newspaper advertisement, $350.
	12	Paid Smith Office Supply Co. for part of the debt incurred on April 5, $6,400.
	12	Recorded services provided on account for the period April 112, $21,900.
	14	Paid receptionist for two weeks salary, $1,650.

Record the following transactions on Page 2 of the journal:

Apr.	17	Recorded cash from cash clients for fees earned during the period April 116, $6,600.
	18	Paid cash for supplies, $725.
	20	Recorded services provided on account for the period April 1320, $16,800.
	24	Recorded cash from cash clients for fees earned for the period April 1724, $4,450.
	26	Received cash from clients on account, $26,500.
	27	Paid receptionist for two weeks salary, $1,650.
	29	Paid telephone bill for April, $540.
	30	Paid electricity bill for April, $760.
	30	Recorded cash from cash clients for fees earned for the period April 2530, $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 chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.)
2.	Post the journal to a ledger of four-column accounts. A. Post the journal to a ledger of four-column accounts. Download the spreadsheet in the Ledger panel and save the Excel file to your computer. Use the spreadsheet to post the April transactions from the journal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem. B. Add the appropriate posting reference to the journal in CengageNOW.
3.	Prepare an unadjusted trial balance.
4.	At the end of April, the following adjustment data were assembled. Analyze and use these data to complete requirements (5) and (6). Insurance expired during April is $350. Supplies on hand on April 30 are $1,225. Depreciation of office equipment for April is $400. Accrued receptionist salary on April 30 is $275. Rent expired during April is $2,000. Unearned fees on April 30 are $2,350.
5.	(Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-period work sheet and complete the work sheet. Find a blank end-of-period work sheet in the Excel spreadsheet you previously downloaded.
6.	A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on April 30. B. Post the adjusting entries, inserting balances in the accounts affected. C. Add the appropriate posting reference to the adjusting entries in the journal in CengageNOW.
7.	Prepare an adjusted trial balance. Please, I need help with my homework. I'm missing some. Thank you so much!

1. Journalize each transaction in a two-column journal starting on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) 2. B. Add the appropriate posting reference to the journal in CengageNOW. 6. A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on April 30. 6. C. Add the appropriate posting reference to the adjusting entries in the journal in CengageNOW. Note: Scroll down to access pages 2 and 3 of the journal. All transactions on this page must be entered (except for post ref(s) before you will receive Check My Work feedback. PAGE 1 Score: 251/310 JOURNAL DESCRIPTION POST. REF. DEBIT DATE CREDIT Apr. 1 Cash 20,000.00 14,700.00 Accounts Receivable 3,300.00 Supplies Office Equipment 12,000.00 S Common Stock 50,000.00 6 Apr. 1 Prepaid Rent 6,000.00 6,000.00 Cash 4,200.00 Apr. 2 Prepaid Insurance

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