1 allock 100 Priet On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $33,000 cash and computer equipment worth $30,000 in the company. April 3 The company rented furnished office space by paying $2,700 cash for the first month's (April) rent. April 4 The company purchased $1,408 of office supplies for cash. April 10 The company paid $2,600 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,600 cash for two weeks' salaries earned by employees. April 24 The company collected $10,500 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $400 cash for minor repairs to computer equipment. April 30 The company paid $1,200 cash for this month's telephone bill. April 30 Nozomi withdrew $1,500 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable- 124 Office Supplies 125 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equipment 209 Salaries Payable 381 3. Nozoni, Capital 382 3. Nozomi, Withdrawals Use the following information to prepare adjusting entries: a. Prepaid insurance of $144 expired this month 403 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary b. At the end of the month, $800 of office supplies are still available c. This month's depreciation on computer equipment is $500 d. Employees earned $550 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,950 of commissions revenue that is not yet recorded at month-end Save & Ext Suomit Check my work 1 eBook A 10 10 Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 68 GL tab. The company records prepaid and unearned items in balance sheet accounts 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Sa. Using adjusted account balances from Req 68 GL tab, prepare an adjusted trial balance as of April 30 Sb. Prepare the income statement for the month of April 30. Sc. Prepare the statement of owner's equity for the month of April 30 5d. Prepare the balance sheet at April 30 6a. Prepare journal entries to close the temporary accounts and then post to Req 68 GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger 7. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Req 1 and 2 Belerances Req 4 Req SA Req 58 Req SC Reg 5D Req 6A Req 68 GL Reg 7 Req:3 Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 58 GL tab. The company records prepaid and unearned items in balance sheet accounts. View transaction st View journal entry worksheet No Date General Journal T April 02 Computer equipment J. Nozomi Capital Debit Credit 33,000 30,000 63.000 Check my work Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Reg SA Req 58 Reg SC Req 50 Req 6A Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using Apri Intermediate calculations and round the final answers to nearest whole number) View transaction list Journal entry worksheet 45 Record the required adjusting entry, if any. Prepaid insurance of $144 expired this month. < 1 2 hote Entar deber Transaction General Journal Debit Credit Record entry Clear entry Q WO 82 A 800 # 13 Z S $ 14 E X D View general journal Prev 12 Next > +1 2 % 5 MacBook Air 21 A <6 & 7 . 8 r t y u ll f g h j c> B N Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 58 Req SC Req SD Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title 101: Cash 106: Accounts receivable 124: Office supplies Debit Credit ences 128 Prepaid insurance 167: Computer equipment 168 Accumulated depreciation-Compuler equipment 209 Salaries payable 301 J. Nozomi, Capital 502 J. Nozomi W 403 Commissions revenue 612 Depreciation expense-Computer equipment 422: Salaries expense 637 Insurance expense 640 Rant expense 050: Office supplies expense 664 Repairs expense 666 Telephone experee Total @ 2 9 2: #3 Q W E A Z S x $ -4 D 70 % 25 Pray 1 of 2 Ne MacBook Air 66 At 2 & #P 7 B R T Y U C LL F G H > B N Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 58 Req SC Req 5D Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues: Expenses: Total expenses ** 4 @ 2 C 4 ST W BO &: 20 $ >> Prev 1 of 2 60 % 85 54 #3 S LLI E R D MacBook Air FL <6 7 &7 T Y " G H Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Prepare the statement of owner's equity for the month of April 30. ADVENTURE TRAVEL Statement of Owner's Equity For Month Ended April 30 J. Nozomi, Capital, April 1 $ 0 J. Nozomi, Capital, April 30 69 < Req 5B 0 0 Req 5D > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req Prepare the balance sheet at April 30. Total assets Total liabilities and equity ADVENTURE TRAVEL Balance Sheet April 30 0 $ 0 $ 0 < Req 5C Req 6A > Reg 1 and 2 Aeg 3 Reg 4 Reg 54 Reg 58 Rec SC Reg 6A Req t Prepare journal entries to close the temporary accounts and then post to Req 68 GL tab, using April 30 C View transaction list Journal entry worksheet < 1 2 3 Record the entry to close revenue accounts). Q A Date Apr 30 General Journa Debt Credit N 2 Recent entry Clar M S w3 580 P % *5 54 E R D X C H on command TO Prev 12 Next > MacBook Air 66 ar & 27 T Y U EL F G > B H .00 8 N J B 1 Reg 1 and 2 Req3 Reg Reg SA Req 50 SC 50 Check my work Reg 60 GL Reg 7 Post the journal entries to the ledger. (For April 30, choose the dropdown that most eccurately describes the entry) General Ledger accounts 10 Cash Date Osbill Cred Balance Date 106 Accounts Receivab Deb Credit Balance Data 124 Office Supplies D 12 Prance Credi Balance Date Delet Cred Balance Dete 187 Computer Expe De Credit Det 18: Accumulated Depreciatiun-Computer Gret D PTRY 1 of 2 Next > Halam P eferences Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 58 Req SC Req 50 Req 6A Reg 68 GL Req 7 Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Tota 05