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Ed Egert opened a web consulting business called Gourmet Menus and recorded the following transactions in its first month of operations Apr. 1 Egert invests $89,000 cash along with office equipment valued at $27,500 in the company. Apr. 2 The company prepaid $10,800 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. Apr. The company made credit purchases for $8,300 in office equipment and $3,900 in office supplies. Payment is due within 10 days. Apr. 6 The company completed services for a client and immediately received $4,900 cash. Apr. 9 The company completed a $7,500 project for a client, who must pay within 30 days. Apr. 13 The company paid $12,200 cash to settle the account payable created on April 3. Apr. 19 The company paid $3,120 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 22 The company received 4,500 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for $4,200 on credit. Apr. 28 Egert withdrew $5,800 cash from the company for personal use. Apr. 29 The company purchased $900 of additional office supplies on credit. Apr. 30 The company paid $900 cash for this month's utility bill. Descriptions of items that require adjusting entries on April 30, 2019, follow. a) On April 2, the company prepaid $10,800 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April c) Office supplies on hand as of April 30 total $1,500. d) Straight-line depreciation of office equipment, based on a 5-year life and a $14,800 salvage value, is $350 per month e) The company has completed work for a client, but has not yet billed the $2,400 fee. f Wanes due to employees but not yet pald, as of April 30 total 2900 Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or balances will appear for each account, based on your selection. Adjusted GOURMET MENUS Income Statement For Month Ended April 30, 2019 Revenues Expenses: ololololo Net income Trial Balance St Owners Equity > wupp ur vuru wwwwwwwwwww. d) Straight-line depreciation of office equipment, based on a 5-year life and a $14,800 salvage value, is $350 e) The company has completed work for a client, but has not yet billed the $2,400 fee. f) Wages due to employees, but not yet paid, as of April 30 total $2,900. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Income The unadjusted or adjusted balances will appear for each account, based on your selection. Adjusted GOURMET MENUS Statement of Owner's Equity For Month Ended April 30, 2019 E. Egert, Capital, April 1, 2019 Add: Investments by owner $ 116,500 116,500 116,500 Less: Withdrawals by owner 5,800 (5,800) 110,700 E. Egert, Capital, April 30, 2019 $ GOURMET MENUS Balance Sheet April 30, 2019 ASSETS Current assets: Plant assets: LIABILITIES AND EQUITY Liabilities: Equity: For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less Adjusted - Account affecting the Impact on net Income Income Statement Balance Sheet Adjusting entry related to: a) Rent b) Insurance c) Office Supplies d) Depreciation e) Unbilled fees Unpaid wages ( Balance Sheet Impact on income

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