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II. Pedro Montalvo operates a company that provides geology and land survey services, the company is called PM Geologic Services. During the month of April it had the following transactions. The ending balances for March are as follows: Cash, $ 20,000, Accounts Receivable, S 4,500, Supplies, $ 2,000 and Equipment, $ 11,500, Owner's Equity J, $ 38,000 1. Paid four months rent, S6,000 2. Paid premiums on insurance policies, $ 2,400, 4. Received cash from clients as an advance for services to be provided, S 2,700 5. Equipment purchased on account, $3,500. 6. Received cash from clients in accounts, S 3,000 10. Paid cash for a newspaper ad, $ 200. 12. Paid part of the debt owed on April 5, S 750 12. Registered services provide $ 5,100 on account. The chart of account for the business are the following: Owner's Capital Owner's Drawing Service Revenues Salaries Expense Rent Expense Supplies Expense Income Summary Accounts Payable Salaries Payable Insurance Expense Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Equipment Accumulated Depreciation Equipment Miscellaneous Expense Uncamned revenue Depreciation Expense Equipment Instructions: 1. Make all the above transactions, 2. Post the entries to the T accounts. 3. Prepare an Unadjusted Trial Balance. 4. Prepare a "worksheet" with the balances obtained from the T accounts 5. Make the following adjustments entries for the month of April. Then post them in the "worksheet". to. a.Insurance expired is $ 200 (Insurances expired S 200). b. Supplies on hand are $ 650 (Supplies available $ 650). c. Depreciation of equipment is $ 250. d. Accrued salary is $ 220 (Accumulated wages $ 220), and e. Rent expired is $2,000 f. Uneamed foes are $ 1,875. Income not generated but camed, $ 1.875). 6. Prepare an Adjusted Trial Balance. 7. Prepare an Income Statement 8. Prepare a Statement of Owner's equity. 9. Prepare a Balance Sheet. 30. Pepee Au Maniac THE CUSUG wwe. 14. Pay wages, $ 1,100. 17. Recorded for services earned and paid, S 6,500. 18. Payment for supplies, $ 750. 20. Registered services rendered on account, $ 3.100 24. Recorded for services cared and paid, S 5.150. 26. Received cash from clients in accounts, S6,900. 27. Paid for wages, S 1.100 29. Pay the phone bill, $ 150. 30. Pay the electricity bill, S 400 30. Cash receipt from customers to bill, $ 2,500, 30. Withdrew $ 5,000 from the business

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