Instructions1. Journalize the necessary adjusting entries for April.2. Post the

Instructions1. Journalize the necessary adjusting entries for April.2. Post the adjusting entries to T accounts. Identify each adjusting entry as ?oAdjusting.?? For those accounts that were adjusted determine an adjusted balance.3. Prepare an adjusted trial balance as of April 30.4. Prepare an income statement a retained earnings statement and a classified balance sheet.5. Journalize and post the closing entries for April. Identify each entry as ?oClosing.?? Determine post-closing balances.6. Prepare a post-closing trial balance as of April 30 2007.7. (Appendix) Prepare a statement of cash flows for April. Note that the April 17 payment on account of $1800 was for a March purchase of supplies on account.8. (Appendix) Reconcile net income with net cash flows from operations for April.