Roshaun Gould started a Web consulting firm called Gould Solutions. He began operations and completed seven transactions in April that resulted in the following accounts, which all have normal balances.

Cash . . . . . . . . . . . . . . . . . . . . . . . $19,982

Office supplies . . . . . . . . . . . . . . . . 760

Prepaid rent . . . . . . . . . . . . . . . . . 1,800

Office equipment . . . . . . . . . . . . . 12,250

Accounts payable . . . . . . . . . . . . . 12,250

R. Gould, Capital . . . . . . . . . . . . . . 15,000

R. Gould, Withdrawals . . . . . . . . . . 5,200

Consulting fees earned . . . . . . . . . 20,400

Operating expenses . . . . . . . . . . . 7,658

Required

1. Prepare a trial balance for this business as of the end of April.Analysis Component

2. Analyze the accounts and their balances and prepare a list that describes each of the seven most likely transactions and their amounts.

3. Prepare a report of cash received and cash paid showing how the seven transactions in part 2 yield the $19,982 ending Cash balance.