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1 . & 2 . Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6 B GL
& Prepare journal entries to record the transactions for April and post them to ledger accounts in Req B GL tab. The company records prepaid and unearned items in balance sheet accounts.
Using account balances from Requirement b prepare an unadjusted trial balance as of April
Journalize the adjusting entries for the month, and then post to the ledger on Req B tab, using April Adjusted as the date.
a Using adjusted account balances from Req B GL tab, prepare an adjusted trial balance as of April
b Prepare the income statement for the month of April
c Prepare the statement of owner's equity for the month of April
d Prepare the balance sheet at April
a Prepare journal entries to close the temporary accounts and then post to Req B GL tab, using April Close as the date.
b Post the journal entries to the ledger.
Prepare a postclosing trial balance.On April Jiro Nozoml created a new travel agency, Adventure Travel. The following transactions occurred during the company's first
month.
April Nozomi invested $ cash and computer equipment worth $ in the company.
April The company rented furnished office space by paying $ cash for the first month's April rent.
April The company purchased $eee of office supplies for cash.
April The company paid $ cash for a month insurance policy. Coverage begins on April
April The company paid $ cash for two weeks' salaries earned by employees.
April The company collected $ eee cash for commissions revenue.
April The company paid $ cash for two weeks' salaries earned by employees.
April The company paid $ cash for minor repairs to computer equipment.
April The company paid $ cash for this month's telephone bill.
April Nozomi withdrew $ cash from the company for personal use.
The company's chart of accounts follows:
Use the following Information to prepare adjusting entrles:
a Prepald Insurance of $ expired this month.
b At the end of the month, $ of office supplies are still avallable.
c This month's depreciation on computer equipment is $
d Employees earned $ of unpald and unrecorded salarles as of monthend.
e The company earned $ of commissions revenue that is not yet recorded at monthend.
Required:
& Prepare journal entries to record the transactions for April and post them to ledger accounts in Req B GL tab. The company
records prepald and unearned Items in balance sheet accounts.
Using account balances from Requirement prepare an unadjusted trlal balance as of April
Journalize the adjusting entrles for the month, and then post to the ledger on Req B tab, using April Adjusted as the date.
a Using adjusted account balances from Req B GL tab, prepare an adjusted trlal balance as of April
b Prepare the Income statement for the month of April
c Prepare the statement of owner's equlty for the month of Aprll
d Prepare the balance sheet at Aprll
a Prepare journal entrles to close the temporary accounts and then post to Req B GL tab, using April Close as the date.
b Post the journal entrles to the ledger.
Prepare a postclosing trlal balance.
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