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Apr. The following assets were received from Kelly Pitney in exchange for 1. common stock: cash, $23,100; accounts receivable, $5,000; supplies, $2,400; and office equipment, $12,500. There were no liabilities received. 1. Paid three months' rent on a lease rental contract, $5,800. 2. Paid the premiums on property and casualty insurance policies, $1,800. 4. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $7,000. 5. Purchased additional office equipment on account from Office Station Co., $2,000. 6. Received cash from clients on account, $2,800. 20. Recorded services provided on account for the period April 13-20, $9,100. 24. Recorded cash from cash clients for fees earned for the period April 17-24, $3,850. 30. Paid electricity bill for April, $200. 30. Recorded services provided on account for the remainder of April, $1,500. 30. Paid dividends, $6,000. Information for Adjusting Entries: Rent expired during April is $1,600 Supplies on hand on April 30 are $1,350 Requirements (please indicate all negative number by the negative sign *-*) Part 1: Prepare journal entries, identify related account types, and transaction impact on the accounts (increasing or decreasing) (30 points) Part 2: Prepare T-accounts (post journal entries, including adjusting entries and closing entries to the general ledgers (20 points) Part 3: Prepare adjusting entries (10 points) Part 4: Prepare closing entries (10 points) Part 5: Prepare Income Statement (10 points) Part 6: Prepare Statement of Retained Earnings (10 points) Part 7: Prepare Balance Sheet (10 points)

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