Steven Smith opened a web consulting business called Smith Engineering and recorded the following transactions in its first month of operations Apr. 1 Smith invests $83,000 cash along with office equipment valued at $26, 500 in the company Apr. 2 The company prepaid $9, 600 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts Apr. 3 The company made credit purchases for $8,100 in office equipment and $3, 700 in office supplies. Payment is due within 10 days Apr. 6 The company completed services for a client and immediately received $4, 300 cash. Apr. 9 The company completed a $6,500 project for a client, who must pay within 30 days Apr. 13 The company paid $11,800 cash to settle the account payable created on April 3 Apr. 19 The company paid $2,640 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts Apr. 22 The lcompany received $3,900 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for $4,000 on credit Apr. 28 Smith withdrew $5, 600 cash from the company for personal use Apr. 29 The company purchased $700 of additional office supplies on credit Apr. 39 The company paid $500 cash for this month's utility bill Descriptions of items that require adjusting entries on April 30, 2017, follow. a) On April 2, the company prepaid $9,600 cash for twelve months' rent for office space b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on Aprill 1. c) Office supplies on hand as of April 30 total $1,300 d) Straight-line depreciation of office equipment, based on a 5-year life and a $1,600 salvage value, is $550 per month. e) The company has completed work for a client, but has not yet billed the $2,000 fee. f) Wages due to employees, but not yet paid, as of April 30 total $2,700