April 1

Nozomi invested $33,000 cash and computer equipment worth $35,000 in the company in exchange for common stock.

2

The company rented furnished office space by paying $2,100 cash for the first months (April) rent.

3

The company purchased $1,100 of office supplies for cash.

10

The company paid $2,300 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.

14

The company paid $1,700 cash for two weeks' salaries earned by employees.

24

The company collected $11,000 cash on commissions from airlines on tickets obtained for customers.

28

The company paid $1,700 cash for two weeks' salaries earned by employees.

29

The company paid $300 cash for minor repairs to the company's computer.

30

The company paid $1,000 cash for this month's telephone bill.

30

The company paid $1,800 cash in dividends.

The company's chart of accounts follows:

101	Cash	405	Commissions Earned
106	Accounts Receivable	612	Depreciation ExpenseComputer Equip.
124	Office Supplies	622	Salaries Expense
128	Prepaid Insurance	637	Insurance Expense
167	Computer Equipment	640	Rent Expense
168	Accumulated DepreciationComputer Equip.	650	Office Supplies Expense
209	Salaries Payable	684	Repairs Expense
307	Common Stock	688	Telephone Expense
318	Retained Earnings	901	Income Summary
319	Dividends

Use the following information in Part 4:

a.	Two-thirds (or $128) of one months insurance coverage has expired.
b.	At the end of the month, $500 of office supplies are still available.
c.	This months depreciation on the computer equipment is $600.
d.	Employees earned $450 of unpaid and unrecorded salaries as of month-end.
e.	The company earned $1,900 of commissions that are not yet billed at month-end. (I have already completed part 4 - this is just to give you all the question information) Prepare journal entries to close the temporary accounts and then post to section 6.2. April 30 - Record the entry to close revenue account(s). April 30 - Record the entry to close expense account(s). April 30 - Record the entry to close income summary account. April 30 - Record the entry to close the dividends account. Post the journal entries to the ledger. General Ledger accounts - Cash Accounts Receivable Office Supply Prepaid Insurance Computer Equipment Accumulated depreciation - Computer Equipment Salaries Payble Common Stock Retained Earnings Dividands Commision earned Depreciation Expense - Computer Equipment Salaries Expense Insurrance Expense Rent Expense Office Supply Expense Repairs Expense Telephone Expense Income Summary