Acc225 Fundamental Accounting Principles P2-1A Gary Bauer opens a computer consulting business

Fundamental Accounting Principles

P2-1A
Gary Bauer opens a computer consulting business called Technology Consultants and completes the following transactions in April.
1-Apr Bauer invested $100,000 cash along with $24,000 in office equipment in the company.
2 The company prepaid $7,200 cash for twelve months' rent for an office. (Hint: Debit Prepaid Rent for $7,200.)
3 The company made credit purchases of office equipment for $12,000 and office supplies for $2,400. Payment is due within 10 days.
6 The company completed services for a client and immediately received $2,000 cash.
9 The company completed a $8,000 project for a client, who must pay within 30 days.
13 The company paid $14,400 cash to settle the account payable created on April 3.
19 The company paid $6,000 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $6,000.)
22 The company received $6,400 cash as partial payment for the work completed on April 9.
25 The company completed work for another client for $2,640 on credit.
28 Bauer withdrew $6,200 cash from the company for personal use.
29 The company purchased $800 of additional office supplies on credit.
30 The company paid $700 cash for this month's utility bill.

Required:
1. Record these transactions using the following titles: Cash, Accounts Receivable, Office Supplies, Prepaid Insurance,Prepaid Rent, Office Equipment, Accounts Payable, G. Bauer, Capital, G. Bauer, Withdrawals, Services Revenue, and Utilities Expense. (Omit the "$" sign in your response.)
2. Open the ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts and enter the balance after each posting. (Record the transactions in given order. Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.)
3. Prepare a trial balance as of April 30. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses. Omit the "$" sign in your response.)
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