Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow.

Apr.1	Roulstone contributed $11,500 cash to the business in exchange for common stock.
2	Paid $6,100 cash for the purchase of a used truck.
2	Purchased $6,200 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days.
3	Paid $2,880 cash for two-year (or 24-month) premium toward liability insurance.
5	Purchased $1,200 of supplies on credit.
5	Received an advance of $1,800 cash from a customer for roof repairs to be done during April and May.
12	Billed customers $5,500 for roofing services performed.
18	Collected $4,900 cash from customers toward their accounts billed on April 12.
29	Paid $675 cash for truck fuel used in April.
30	Paid $100 cash for April newspaper advertising.
30	Paid $4,500 cash for assistants' wages earned.
30	Billed customers $4,000 for roofing services performed.

Using the following accounts: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Trucks; Accumulated Depreciation-Trucks; Equipment; Accumulated Depreciation-Equipment; Accounts Payable; Unearned Roofing Fees; Common Stock; Roofing Fees Earned; Fuel Expense; Advertising Expense; Wages Expense; Insurance Expense; Supplies Expense; Depreciation Expense-Trucks; and Depreciation Expense-Equipment. b. Record these transactions for April using journal entries.

Post the above journal entries from part b. to their T-accounts.

Enter transactions in the T-accounts in the order they appear, using the first available answer box on the appropriate side of the T-account.

• Record insurance expense for April.
• Supplies still available on April 30 was $200.
• Record depreciation expense of $125 for truck for April.
• Record depreciation expense of $35 for equipment for April.
• One-fourth of roofing fee received April 5, was earned by April 30.