Question: P 2 - 5 1 . Journalize and Post Transactions and Adjustments D . Roulstone opened Roulstone Roofing Service on April 1 . Transactions for

P2-51. Journalize and Post 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 \(\$ 1,000\mathrm{cash}\), with the balance due in 30 days.
3 Paid \$2,880 cash for a two-year (or 24-month) premium toward liability insurance Purchased \(\$ 1,200\) of supplies on credit.
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.
P2-51. Journalize and Post 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 a 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.
Please place each entry into the correct place on the matrix
P 2 - 5 1 . Journalize and Post Transactions and

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