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Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an advance of $5,400 cash from a customer for roof repairs to be done during April and May. Billed customers $16,500 for roofing services performed. 18 Collected $14,700 cash from customers toward their accounts billed on April 12. 29 Paid $2,025 cash for truck fuel used in April. 30 Paid $300 cash for April newspaper advertising. 30 Paid $7,500 cash for assistants' wages earned. 30 Billed customers $12,000 for roofing services performed. c. Post the above entries to their T-accounts Enter transactions in the T-accounts in the order they appear using the first available answer box on the appropriate side of the T-account. Cash Accounts Receivable Supplies Prepaid Insurance Trucks Equipment Accumulated Depreciation - Equipment Accumulated Depreciation - Trucks Accounts Payable Unearned Roofing Fees Common Stock Roofing Fees Earned Depreciation Expense - Trucks Fuel Expense Advertising Expense Depreciation Expense - Equipment Wages Expense Supplies Expense Insurance Expense

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