Question

Can someone help me solve questions 1-3? Question 1 asks for a journal entry. And questions 2 and 3 are given. Thank you so muchhh.

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.

Answer 1

Credit Rosebud Consulting Journal entries Date Account 1-Apr Cash Accounts Receivable Supplies Office Equipment Jeff Horton, Capital Debit $ 20,000 $ 14,700 $ 3,300 $ 12,000 $ 50,000 $ 6,000 1-Apr Prepaid Rent Cash $ 6,000 $ 4,200 2-Apr Prepaid Insurance Cash $ 4,200 $ 9,400 4-Apr Cash Unearned Fees $ 9,400 $ 8,000 5-Apr Office Equipment Accounts Payable $ 8,000 $ 11,700 6-Apr Cash Accounts Receivable $ 11,700 $ 350 10-Apr Miscellaneous expense Cash $ 350 $ 6,400 12-Apr Accounts Payable Cash $ 6,400 $ 21,900 12-Apr Accounts Receivable Fees Earned $ 21,900 $ 1,650 14-Apr Salary expense Cash $ 1,650 $ 6,600 17-Apr Cash Fees Earned $ 6,600 $ 725 18-Apr Supplies Cash $ 725 $ 16,800 20-Apr Accounts Receivable Fees Earned $ 16,800 $ 4,450 24-Apr Cash Fees Earned $ 4,450 $ 26,500 26-Apr Cash Accounts Receivable $ 26,500 $ 1,650 27-Apr Salary expense Cash $ 1,650 $ 540 29-Apr Miscellaneous expense Cash $ 540 $ 760 30-Apr Miscellaneous expense Cash $ 760 $ 5,160 30-Apr Cash Fees Earned $ 5,160 $ 2,590 30-Apr Accounts Receivable Fees Earned $ 2,590 $ 18,000 30-Apr Jeff Horton, Drawings Cash $ 18,000

Credit Credit Date Credit Date Credit Debit Date Supplies 3,300 725 Debit Date Prepaid Rent 6,000 1-Apr Date Debit Date Accounts Receivable 1-Apr 14,700 6-Apr 12-Apr 21,900 26-Apr 20-Apr 16,800 30-Apr 2,590 11,700 26,500 Rosebud Consulting Taccounts Date Debit Date Cash 1-Apr 20,000 1-Apr 4-Apr 9,400 2-Apr 6-Apr 11,700 10-Apr 17-Apr 6,600 12-Apr 24-Apr 4,450 14-Apr 26-Apr 26,500 18-Apr 30-Apr 5,160 27-Apr 29-Apr 30-Apr 30-Apr 1-Apr 18-Apr 6,000 4,200 350 6,400 1,650 725 1,650 540 760 18,000 30-Apr 30-Apr Bal. Bal. Bal. 43,535 Prepaid Insurance 4,200 30-Apr 17,790 Office Equipment 12,000 8,000 4,025 Accumulated Depreciation 30-Apr 6,000 Accounts Payable 6,400 5-Apr 2-Apr 12-Apr 8,000 1-Apr 5-Apr Bal. Bal. 1,600 4,200 Salary Payable 30-Apr 20,000 Unearned Revenue 4-Apr Bal. Jeff Horton, Capital 1-Apr Bal. Jeff Horton, Drawings 30-Apr 18,000 30-Apr 9,400 50,000 9,400 50,000 Bal. 18,000 Bal. Salary expense 1,650 1,650 Bal. Consulting revenue 12-Apr 17-Apr 20-Apr 24-Apr 30-Apr 30-Apr 30-Apr 14-Apr 27-Apr 30-Apr Bal. Miscellaneous expense 10-Apr 350 29-Apr 540 30-Apr 760 21,900 6,600 16,800 4,450 5,160 2,590 57,500 Bal. 3,300 Bal. 1,650

Unadjusted TB Debit Credit 43,535 17,790 4,025 6,000 4,200 20,000 1,600 Rosebud Consulting Account Names Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned Fees Jeff Horton, Capital Jeff Horton, Drawings Fees Earned Salary expense Supplies expense Rent expense Depreciation expense Insurance expense Miscellaneous expense Totals 9,400 50,000 18,000 57,500 3,300 1,650 118,500 118,500

Answer 2

Bottom Line Consulting
End-of-Period Worksheet
For the Year Ended 30/06/2010
		Unadjusted Trial Balance		Adjustments				Adjusted Trial Balance		Income Statement		Statement of Owner's Equity and Balance Sheet
Acct		Dr.	Cr.	Alpha	Dr.	Alpha	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
No.	Acount Title	$	$		$		$	$	$	$	$	$	$
11	Cash	28,900						28,900				28,900
12	Accounts Receivable	3,800						3,800				3,800
14	Supplies	2,750					2,100	650				650
15	Prepaid Rent	6,000					2,000	4,000				4,000
16	Prepaid Insurance	2,400					200	2,200				2,200
18	Office Equipment	15,000						15,000				15,000
19	Accumulated Depreciation		-				250		250				250
21	Accounts Payable		2,750						2,750				2,750
22	Salaries Payable		-				220		220				220
23	Unearned Fees		2,700		825				1,875				1,875
31	Emily Page. Capital		38,000						38,000				38,000
32	Emily Page, Withdrawals	5,000						5,000				5,000
41	Fees Earned		23,350				825		24,175		24,175
51	Salary Expense	2,200			220			2,420		2,420
52	Rent Expense				2,000			2,000		2,000
53	Supplies Expense				2,100			2,100		2,100
54	Depreciation Expense				250			250		250
55	Insurance Expense				200			200		200
59	Miscellaneous Expense	750						750		750
	TOTAL	66,800	66,800		5,595		5,595	67,270	67,270	7,720	24,175	59,550	43,095
	Net Income									16,455			16,455
	TOTAL									24,175	24,175	59,550	59,550