Question

Complete the accounting cycle - Journal entries in panel For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 2020 Jeff, decided to move to rented quarters and to operate the business which was to be known as Rosebud Consulting, on a full-time basis. Rosebud Consulting entered into the following transactions during April: April 1. The following assets were received from Jeff Horton: Cash, $20,000, accounts receivable, $14,700, supplies, $3,300; and office equipment, $12,000. There were no liabilities received 1. Paid three months' rent on a lease rental contract, $6,000. 2. Paid the premiums on property and casualty insurance policies, $4,200. 4. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees $9,400. 5. Purchased additional office equipment on account from Smith Office Supply Company, $8,000. 6. Received cash from clients on account, $11.700. 10. Paid cash for a newspaper advertisement, $350. 12. Paid Smith Office Supply Company for part of the debt incurred on April 5, $6,400 12. Recorded services provided on account for the. April 1-12, $21,900. 14. Paid receptionist for two weeks' salary $1,650. Record the following transaction on page 2 of the journal: 17. Recorded Cash from Cash clients for fees are during the period April 1-16, $6,600. 18. Paid cash for supplies, $725. 20. Recorded services provided on account for the period April 13-20, $16,800. 24. Recorded cash from cash clients for fees earned for the period April 17-24. $4,450. 26. Received cash from clients on account $26,500. 27. Paid receptionist for two weeks salary $1,650. 29. Paid telephone bill for April, $540 30. Paid electricity bill for April, $760. 30. Recorded cash and cash clients for fees earned for the period April 25-30, $5,160 30. Recorded services provided on account for the remainder of April, $2,590. 30. Jeff withdrew $18,000 for personal use.

can someone create a journal entry for this using these accounts below:

also do number 3 and 4.

this is the second part

Answer 1

Sl.No.	Particulars	Debit ($)	Credit ($)
1	Cash	20,000
	Accounts receivable	14,700
	Supplies	3,300
	Office Equipment	12,000
	Jeff Horton, Capital		50,000
1	Rent Expenses	2,000
	Prepaid rent	4,000
	Cash		6,000
2	Insurance Expenses	4,200
	Cash		4,200
	(Assuming 4200 is April month expenses)
4	Cash	9,400
	Unearned Fees		9,400
5	Office Equipment	8,000
	Accounts Payable		8,000
6	Cash	11,700
	Accounts receivable		11,700
10	Miscellaneous Expense	350
	Cash		350
12	Accounts Payable	6,400
	Cash		6,400
12	Fees earned	21,900
	Accounts receivable		21,900
14	Salary Expense	1,650
	Cash		1,650
17	Cash	6,600
	Fees earned		6,600
18	Supplies expense	725
	Cash		725
20	Fees earned		16,800
	Accounts receivable	16,800
24	Cash	4,450
	Fees earned		4,450
26	Cash	26,500
	Accounts receivable		26,500
27	Salary Expense	1,650
	Cash		1,650
29	Miscellaneous Expense	540
	Cash		540
30	Miscellaneous Expense	760
	Cash		760
30	Accouts receivable	2,590
	Fees earned		2,590
30	Jeff Horton, Drawing	18,000
	Cash		18,000