5 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. 6.66 points eBook Ask April 2 Nozomi invested $49,000 cash and computer equipment worth $30,000 in the company. April 3 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 4 The company purchased $1,500 of office supplies for cash. April 10 The company paid $2,800 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $800 cash for two weeks' salaries earned by employees. April 24 The company collected $10,000 cash for commissions revenue. April 28 The company paid $800 cash for two weeks' salaries earned by employees. April 29 The company paid $550 cash for minor repairs to computer equipment. April 30 The company paid $1,250 cash for this month's telephone bill. April 30 Nozomi withdrew $2,100 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 403 Commissions Revenue Print 106 Accounts Receivable 612 124 Office Supplies 622 128 Prepaid Insurance 637 167 Computer Equipment 640 Rent Expense References 168 209 Accumulated Depreciation-Computer Equipment Salaries Payable 650 301 J. Nozomi, Capital 302 J. Nozomi, Withdrawals 901 Telephone Expense Income Summary Depreciation Expense-Computer Equipment Salaries Expense Insurance Expense Office Supplies Expense 684 Repairs Expense 688 Use the following information to prepare adjusting entries: a. Prepaid insurance of $156 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $400. d. Employees earned $300 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,250 of commissions revenue that is not yet recorded at month-end. 5 Complete this question by entering your answers in the tabs below. 6.66 points Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. eBook View transaction list Ask Print References Journal entry worksheet 1 2 3 4 5 Record the required adjusting entry, if any. Prepaid insurance of $156 expired this month. Note: Enter debits before credits. Transaction a. General Journal Debit Credit View general journal Record entry Clear entry > 5 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 6.66 points 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 6A Req 6B GL eBook Req 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. Ask View transaction list Print Journal entry worksheet < 1 2 3 4 5 References Record the required adjusting entry, if any. At the end of the month, $700 of office supplies are still available. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Clear entry Record entry View general journal < Req 3 Req 5A > 5 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 6.66 points 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 6A Req 6B GL Req 7 eBook Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. Ask View transaction list Print Journal entry worksheet < 1 2 3 4 5 References Record the required adjusting entry, if any. This month's depreciation on computer equipment is $400. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Clear entry Record entry View general journal < Req 3 Req 5A > > 5 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 6.66 points 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 6A Req 6B GL Req 7 eBook Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. Ask View transaction list Print Journal entry worksheet < 1 2 3 4 5 References Record the required adjusting entry, if any. Employees earned $300 of unpaid and unrecorded salaries as of month-end. Note: Enter debits before credits. Transaction d. General Journal Debit Credit Clear entry Record entry View general journal < Req 3 Req 5A > > 5 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B 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. 6.66 points Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 eBook Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. Ask View transaction list Print Journal entry worksheet < 1 2 3 4 5 References Record the required adjusting entry, if any. The company earned $2,250 of commissions revenue that is not yet recorded at month-end. Note: Enter debits before credits. Transaction e. General Journal Debit Credit Clear entry Record entry View general journal < Req 3 Req 5A > 5 Complete this question by entering your answers in the tabs below. 6.66 points Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 eBook Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. Ask 101: Cash ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title 106: Accounts receivable Print 124: Office supplies 128: Prepaid insurance References 167: Computer equipment 168: Accumulated depreciation-Computer equipment 209: Salaries payable 301: J. Nozomi, Capital 302: J. Nozomi, Withdrawals 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 Total < Req 4 Debit Credit $ 0 $ Req 5B > 0 5 Complete this question by entering your answers in the tabs below. 6.66 points Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 eBook Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Ask Revenues: Expenses: Print References Total expenses 0 $ 0 < Req 5A Req 5C > 5 6.66 points eBook recorus prepatu anu unemed nems in Palance 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. 5a. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. 5c. 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 6B 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. Ask Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Print References 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 0 $ 0 < Req 5B Req 5D > 5 Od. Prepare jouma entres to close the temporary accounts anu men pusi lo Rey OD GL lak, using Apili su Close as the vale. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 6.66 points eBook Ask Print References 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 6A Req 6B GL Req 7 Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet Total assets April 30 Total liabilities and equity < Req 5C 0 $ 0 $ 0 Req 6A >