Make sure to show full solutions including the T$-$accounts, unadjusted trial balance, adjusted trial balance $,$ income statements $,$ all closing entries and a Post$-$closing trial balance.

The Accounting Cycle LO$\_(2),3,4,5$

Ruberstein, Inc., was founded on April $1$ and

entered into the following transactions:

Apr. $1$ issued common stock to shareholders in

exchange for cash, $$20,000.$

$1$ Purchased a delivery van, $$13,000.$

$1$ Purchased a one$-$year insurance policy

to be consumed evenly over the next

$12$ months, $$4,800.$

$1$ Took out a loan from First Bank, $$20,000.$

$6$ Hired two new employees on salary of

$$1,000$ a month each.

$6$ Received prepayment for a contracted job

to be performed in May, $$4,500.$

$7$ Purchased office supplies on credit, $$1,200.$

$8$ Billed customers for services provided, $$7,500.$

$12$ Paid to have an ad placed on a billboard,

$$1,300.$

$18$ Billed customers for services provided,

$$8,600.$

$24$ Paid dividends to stockholders, $$1,000.$

$30$ Received utility bills for the month of April

to be paid next month, $$740.$

$30$ Prepaid the next six months of rent starting

with May, $$3,600.$

Additional Information:

April depreciation for the delivery van is $$217.$

Interest on the loan from the bank is paid

annually at a rate of $6\%.$

An inventory count of office supplies at April $30$

showed $$500$ of supplies on hand.

Prepaid insurance has expired.

Employees' salaries earned but to be paid next

month, $$2,000.$

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 T$-$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 $30.$