Reference no: EM13546434

Ken Ham started his own consulting firm on April 1, 2008. The trial balance at April 31 is as follows.

	Hambone Consulting
	Trial Balance
	April 30, 2008
Account
Number		Debit	Credit
	Cash	$5,700
	Accounts receivable	$6,000
	Supplies	$1,900
	Prepaid insurance	$3,600
	Office furniture	$10,200
	Account payable		$4,500
	Unearned services revenue		$2,000
	Capital		$17,700
	Services revenue		$7,500
	Salary expense	$3,400
	Rent expense	$900
		$31,700	$31,700

Other data:

1. $900 of supplies have been use during the month.
2. Travel expense incurred but not paid on April 31, 2008, $250.
3. Insurance is for two years.
4. $400 of the balance in the unearned service revenue account remains unearned at the end of the month.
5. April 30, is a Wednesday and employees are paid on Friday. Hambone Consulting has two employees, who are paid $800 each for a five day work week.
6. The office furniture has a 5 year life with no salvage value. It is being depreciated at $170 per month for 60 months.
7. Invoices representing $1,200 of services performed during the month have not been recorded as of April 30.

Required:

1. Prepare the adjusting entries for the month of April.
2. Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning balance and

Prepare an adjusted trial balance at April 30, 2008.