1. **Problem Statement:** We need to journalize transactions, post them, prepare trial balances, adjust entries, and prepare financial statements for Flores Consulting for April 2025. 2. **Journalizing Transactions:** - Use the accounting equation and double-entry rules: Debits = Credits. - Each transaction affects at least two accounts. 3. **Example Journal Entry for April 2:** - Paid three months' rent $6,000. - Debit Prepaid Rent $6,000 (asset increase), Credit Cash $6,000 (asset decrease). 4. **Post to Ledger Accounts:** - Transfer journal entries to individual accounts. - Calculate balances after each posting. 5. **Prepare Unadjusted Trial Balance:** - List all accounts and balances. - Total debits must equal total credits. 6. **Adjusting Entries:** - Adjust for expired insurance, supplies used, depreciation, accrued salaries, rent expired, and unearned fees. - Example: Insurance expense $200 debit, Prepaid insurance $200 credit. 7. **Prepare Adjusted Trial Balance:** - Reflect adjustments. - Ensure debits equal credits. 8. **Prepare Financial Statements:** - Income Statement: Revenues - Expenses = Net Income. - Statement of Owner's Equity: Beginning capital + Investments + Net Income - Withdrawals = Ending capital. - Balance Sheet: Assets = Liabilities + Owner's Equity. 9. **Post-Closing Entries:** - Close revenues and expenses to capital. - Close withdrawals to capital. **Final answer:** The full solution involves detailed journal entries, ledger postings, trial balances, adjustments, and financial statements as outlined above.