5A

On April1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozoni invested $46,000 cash and computer equipment worth $25,000 in the company in exchange for its common stock. Apri1 3 The company rented furniahed office space by paying $2,900 cash for the first month's (April) rent. April 4 the company purchased $1,600 of office supplies for cash. Apri1 10 The company paid $1,980 cash for a 12-month insurance policy. Coverage begins on April 11. Apri1 14 The conpany poid $1,100 cash for two weeks' salaries earned by employees. April 24 the company collected $12,500 cash for corralssions revenue. April 28 The company paid $1,100 cash for two weoks' salaries earned by employees. April 29 The conpany paid $300 cash for minor repairs to conputer equipment. Apri1 30 the company paid $950 canh for thin month's telephone bi11. Apri1 30 The company paid $1,600 canh in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $110 expired this month. b. At the end of the month, $800 of office supplies are still available. c. This month's depreciation on computer equipment is $600. d. Employees earned $470 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,050 of commissions revenue that is not yet recorded at month-end. ADVENTURE TRAVEL Adjusted Trial Balance