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Trevor Inc. follows a fiscal year of April to March. The following account balances were as on April 1, Year 2.

Cash	$	17,500
Accounts Receivable		2,500
Machinery		1500
Stationery		550
Accounts Payable		450
Notes Payable		4,000
Salaries Expense		0

During April, Year 2, Trevor Inc. entered into the following transactions:

1. Purchased stationery of $423 on cash.
2. Signed a promissory note and purchased additional machinery worth $10,000.
3. Paid workers $5,500 for work done in April.
4. Earned by providing $15,000 of services. Received $8,500 in cash and provided the remainder on credit.
5. Paid $450 on account for utilities that were used during March in Year 1.
6. Signed a rental agreement for office space and paid $7,250 in advance for eight months of rent beginning May 1, Year 2.

Required:

• Prepare journal entries for each of the following April activities.
• Post results to the relevant T-accounts. Compute the ending balance of each T-account. Beginning balances have been provided.

(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

For drawing tables, use the table function on the textbox, OR attempt your answer on an excel sheet and paste the table in the textbox.

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