all REQ 1-7
On April 1, Jiro Nozoml created a new travel agency. Adventure Travel. The followng transactions occurred during the company's first month. Apri1 2 Noxonl invested 536 , eee cash and coeputer equipnent worth 575 , ece in the coenpany Mar-11 4 The cotpany purchased $2, ese of offlce supplies for cash. April is the cospary pald \$2,700 cash for a 12-month insurance policy, coverage begins on apel1 11. April 14 the coepary pald 31,609 cash for two weeks' salarles earned by eaployees. Apr-11 24 The conpany collected \$B, Sae cash for coenlssions revenue. Apr-11 28 The coepary paid 31,605 cash for tuo weeks' salaries earned by eaployees. Apr-11 29 The conpany paid ST00 cosh for ninor repalrs to conquter equipent. April 36 The conpany pald 1900 cash for this nonth's telephone bN11. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepald insurance of $150 expired this month b. At the end of the month, $700 of office supplies are stil avalable. c. This month's depteciation on computer equlpment is $300 d. Employees earned $580 of unpaid and unrecorded salsnes as of moneh-ond. e. The company earned \$1,700 of commissions revenue that is not yet recorded at monthend. b. At the end of the month, $/00 of ofice supplies are stull avallable. C. This month's depreciation on computer equipment is $300. d. Employees earned $580 of unpald and unrecorded salarles as of monthend. e. The company earned $1,700 of commissions revenue that is not yet recorded at monthend. Required: 1. \&2. Prepare journal entries to record the transactions for Aprll and post them to ledger accounts in Req 66GL tab. The company records prepald 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. 5a. Using adjusted account balances from Req 68GL. tab, prepare an adjusted tral 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 Aprt 30. 6a. Prepare journal entrles to close the temporary accounts and then post to Req 66GL tab, using April 30 Close as the date. 6b. Post the journal entres to the ledget. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record the transactions for April and post them to ledper accounts in Req 68GL tab. The corrpany records prepaid and unearned tems in balance sheet accounts
