Using the space provided below, $1)$ record each transaction in proper journal entry format $($i$.$e$.,$ debits

and credits$)$ using accrual accounting and $2)$ show how each journal entry stays in balance by performing

transaction analysis $($i$.$e$.,$ prove that A $=$ L $+$ E$).$ A written explanation for each journal entry is NOT

required. You will receive $2$ points for each correct journal entry and $1$ point for each correctly balanced

accounting equation.

April $13$ outside partners contributed a total of $$750,000($$$250$K each$)$ to start a new

law firm.

April $7$ To get the office ready for business, the firm purchased $$100,000$ of office

supplies from Best Buy.

April $15$ The firm successfully defended a client in court and the client paid the law firm

$$50,000.$

April $25$ The law firm received $$20,000$ in advance for legal work to be performed in

May.

April $30$ Staff members performed a count of supplies in the supply room and noted that

$$15,000$ of supplies remained at the end of the month.Using the space provided below, $1)$ record each transaction in proper journal entry format $($i$.$e$.,$ debits

and credits$)$ using accrual accounting and $2)$ show how each journal entry stays in balance by performing

transaction analysis $($i$.$e$.,$ prove that A $=$ L $+$ E$).$ A written explanation for each journal entry is NOT

required. You will receive $2$ points for each correct journal entry and $1$ point for each correctly balanced

accounting equation.

April $13$ outside partners contributed a total of $$750,000($$$250$K each$)$ to start a new

law firm.

April $7$ To get the office ready for business, the firm purchased $$100,000$ of office

supplies from Best Buy.

April $15$ The firm successfully defended a client in court and the client paid the law firm

$$50,000.$

April $25$ The law firm received $$20,000$ in advance for legal work to be performed in

May.

April $30$ Staff members performed a count of supplies in the supply room and noted that

$$15,000$ of supplies remained at the end of the month.