$13.$ The Accounting Cycle $\backslash (\backslash$mathrm$\{$LO$\}\_\{2\},3,4,5\backslash )$

Ruberstein, Inc., was founded on April $1$ and entered into the following transactions:

Apr. $1$ issued common stock to shareholders in exchange for cash, $\backslash (\backslash$$ $20,000\backslash ).$

$1$ Purchased a delivery van, $\backslash (\backslash$$ $13,000\backslash ).$

$1$ Purchased a one$-$year insurance policy to be consumed evenly over the next $12$ months, $\backslash (\backslash$$ $4,800\backslash ).$

$1$ Took out a loan from First Bank, $\backslash (\backslash$$ $20,000\backslash ).$

$6$ Hired two new employees on salary of $\backslash$$$1,000$ a month each.

$6$ Received prepayment for a contracted job to be performed in May, $\backslash (\backslash$$ $4,500\backslash ).$

$7$ Purchased office supplies on credit, $\backslash (\backslash$$ $1,200\backslash ).$

$8$ Billed customers for services provided, $\backslash (\backslash$$ $7,500\backslash ).$

$12$ Paid to have an ad placed on a billboard, $\backslash (\backslash$$ $1,300\backslash ).$

$18$ Billed customers for services provided, $\backslash (\backslash$$ $8,600\backslash ).$

$24$ Paid dividends to stockholders, $\backslash (\backslash$$ $1,000\backslash ).$

$30$ Received utility bills for the month of April to be paid next month, $\backslash (\backslash$$ $740\backslash ).$

$30$ Prepaid the next six months of rent starting with May, $\backslash (\backslash$$ $3,600\backslash ).$

Additional Information:

$1.$ April depreciation for the delivery van is $\backslash (\backslash$$ $217\backslash ).$

$2.$ Interest on the loan from the bank is paid annually at a rate of $\backslash (6\backslash \%\backslash ).$

$3.$ An inventory count of office supplies at April $30$ showed $\backslash (\backslash$$ $500\backslash )$ of supplies on hand.

$4.$ Prepaid insurance has expired.

$5.$ Employees' salaries earned but to be paid next month, $\backslash (\backslash$$ $2,000\backslash ).$

Required

a$.$ Journalize the transactions for the month of April.

b$.$ Post the journal entries to the general ledger using T $-$accounts.

c$.$ Prepare a trial balance as of April $30.$

d$.$ Prepare all necessary adjusting journal entries and post the entries to the appropriate $\backslash ($ T $\backslash )-$accounts.

e$.$ Prepare an adjusted trial balance as of April $30.$

f$.$ Prepare an income statement and a statement of retained earnings for the month of April. Also prepare a classified balance sheet as of April $30.$

g$.$ Prepare all closing entries for the temporary accounts and post the entries to the appropriate T$-$accounts.

h$.$ Prepare a post$-$closing trial balance as of April $30.$