GL$0303($Algo$)-$ Extension of Problem $2-1$A LO P$1,$ P$2,$ P$3,$ P$4,$ P$5$

Jane Stam opened a web consulting business called Stam Consulting and recorded the following transactions in its first month of operations.

April $1$Stam invests $$86,000$ cash along with office equipment valued at $$34,500$ in the company in exchange for common stock.April $2$The company prepaid $$10,200$ cash for twelve months$$ rent for office space. The company's policy is record prepaid expenses in balance sheet accounts.April $3$The company made credit purchases for $$8,800$ in office equipment and $$4,100$ in office supplies. Payment is due within $10$ days.April $6$The company completed services for a client and immediately received $$6,700$ cash.April $9$The company completed a $$14,500$ project for a client, who must pay within $30$ days.April $13$The company paid $$12,900$ cash to settle the account payable created on April $3.$April $19$The company paid $$2,880$ cash for the premium on a $12-$month prepaid insurance policy. The company's policy is record prepaid expenses in balance sheet accounts.April $22$The company received $$4,200$ cash as partial payment for the work completed on April $9.$April $25$The company completed work for another client for $$5,600$ on credit.April $28$The company paid $$5,600$ cash in dividends.April $29$The company purchased $$2,300$ of additional office supplies on credit.April $30$The company paid $$2,100$ cash for this month$$s utility bill.

Descriptions of items that require adjusting entries on April $30,$ follow.

a$)$ On April $2,$ the company prepaid $$10,200$ 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 $1.$

c$)$ Office supplies on hand as of April $30$ total $$1,700.$

d$)$ Straight$-$line depreciation of office equipment, based on a $5-$year life and a $$28,300$ salvage value, is $$250$ per month.

e$)$ The company has completed work for a client, but has not yet billed the $$2,000$ fee.

f$)$ Wages due to employees, but not yet paid, as of April $30$ total $$2,700.$

Include the general journal, general ledger, trial balance, income statement, st retained earnings, balance sheet, and impact on income.