J$.$ F$.$ Outz, M$.$D$.,$ organized Hearts Inc. three years ago to practice cardiology. During April

$20$Y$7,$ Hearts Inc. completed the following transactions:

Apr. $1.$ Paid office rent for April, $$800.$

$3.$ Purchased equipment on account, $$2,100.$

$5.$ Received cash on account from patients, $$3,150.$

$8.$ Purchased X$-$ray film and other supplies on account, $$245.$

$9.$ One of the items of equipment purchased on April $3$ was defective. It was returned with the permission

of the supplier, who agreed to reduce the account for the amount charged for the item, $$325.$

$12.$ Paid cash to creditors on account, $$1,250.$

$17.$ Paid cash for renewal of a six$-$month property insurance policy, $$370.$

$20.$ Discovered that the balances of the cash account and the accounts payable account as of April $1$ were

overstated by $$200.$ A payment of that amount to a creditor in March had not been recorded. Journalize

the $$200$ payment as of April $20.$

$24.$ Paid cash for laboratory analysis, $$545.$

$27.$ Paid dividends, $$1,250.$

$30.$ Recorded the cash received in payment of services $($on a cash basis$)$ to patients during April, $$1,720.$

$30.$ Paid salaries of receptionist and nurses, $$1,725.$

$30.$ Paid various utility expenses, $$360.$

$30.$ Recorded fees charged to patients on account for services performed in April, $$5,145.$

$30.$ Paid miscellaneous expenses, $$132.$

Hearts Inc.$$s account titles, numbers, and balances as of April $1($all normal balances$)$ are listed as

follows: Cash, $11,$ $$4,123$; Accounts Receivable, $12,$ $$6,725$; Supplies, $13,$ $$290$; Prepaid Insurance,

$14,$ $$465$; Equipment, $18,$ $$19,745$; Accounts Payable, $22,$ $$765$; Common Stock, $31,$ $$10,000$; Retained Earnings, $32,$ $$20,583$; Dividends, $33,$ $$0$; Professional Fees, $41,$ $$0$; Salary Expense, $51,$ $$0$; Rent

Expense, $53,$ $$0$; Laboratory Expense, $55,$ $$0$; Utilities Expense, $56,$ $$0$; Miscellaneous Expense, $59,$ $$0.$

Instructions

$1.$ Open a ledger of standard four$-$column accounts for Hearts Inc. as of April $1.$ Enter the

balances in the appropriate balance columns and place a check mark $()$ in the Posting

Reference column. $($Hint: Verify the equality of the debit and credit balances in the ledger

before proceeding with the next instruction.$)$

$2.$ Journalize each transaction in a two$-$column journal.

$3.$ Post the journal to the ledger, extending the month$-$end balances to the appropriate balance columns after each posting.

$4.$ Prepare an unadjusted trial balance as of April $30$