1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,000 of office s upplies for cash. Apr. Apr. Apr. Apr. 10 The company paid $2, 400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1, 600 cash for two veeks salaries earned by employees. Apr. 24 The company collected $8,000 cash on commissions from airlines on tickets obtained for customers. Apr. 28 The company paid $1, 600 cash for two veeks salaries earned by employees. Apr. 29 The company paid $350 cash for minor repairs to the company's computer. Apr. 30 The company paid $750 cash for this month's telephone bill. Apr. 30 Nozomi withdrew $1,500 cash from the company for personal use. Information for month-end adjustments follows: a. Two-thirds (or $133) of one month's insurance coverage has expired b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions that are not yet billed at month-end. Journal entry worksheet 1 2 3 7 8 19 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. Note: Enter debits before credits. Date Account Title Debit Credit Apr 01 View general journal Record entry Clear entry General General Income Statement St Owners Requirement Trial Balance Balance Sheet Post Closing Ledger Journal Equity You may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Unadjusted Dates: Apr 01 to: Apr 30 ADVENTURE TRAVEL Trial Balance April 30, 2017 Debit Credit Account Title 0 S C Total |Unadjusted ADVENTURE TRAVEL Income Statement For Month Ended April 30, 2017 Revenues: $ 0 Expenses: 0 0 0 0 0 0 0 $ Net income 0 Unadjusted ADVENTURE TRAVEL Statement of Owner's Equity For Month Ended April 30, 2017 J. Nozomi, Capital, April 30, 2017 0 Unadjusted ADVENTURE TRAVEL Balance Sheet April 30, 2017 ASSETS Current assets: $ 0 0 Plant assets: LIABILITIES AND EQUITY Current liabilities: Equity Unadjusted Included on Post-closing trial balance? Post-closing Trial Balance Type of Account Dr Account Cr. Cash Accounts receivable Office supplies Prepaid insurance Computer equipment Accumulated depreciation-Computer equipment Salaries payable J. Nozomi, Capital J. Nozomi, Withdrawals Commissions earned Depreciation expense - Computer equipment Salaries expense Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense S Totals