can someone help me please? i cant figure it out why i am still wrong.
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozoni invested $44,000 cash and computer equipment worth $75,000 in the company in exchange for comon stock 2 The company rented furnished office space by paying $2,700 cash for the first month's (April) rent. The company purchased $1,600 of office supplies for cash. 10 The company paid $2,00 cash for the premiun on 12-month Insurance policy. Coverage begins on April 11 14 The company paid $1,100 cash for two weeks! salaries earned by employees 24 The company collected $12, 5e cash for comissions earned 28 The company paid $1,100 cash for two weeks! salaries earned by employees. 29 The company paid $350 cash for ninor repairs to the company's computer, 30 The company paid $800 cash for this month's telephone bill. 30 The company paid $1,600 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation Computer Equip. 209 Salaries Payabile 307 Connon stock 318 Retained Earnings 319 Dividends 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following Information a. Prepaid insurance of $161 has expired this month b. At the end of the month $600 of office supplies are still available c. This month's depreciation on the computer equipments $500 d. Employees corned $310 of unpaid and unrecorded salaries of month-end e. The company earned $2.300 of commissions that are not yet billed at month-end Required: 18 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement. The company records prepaid and uneared items in balance sheet accounts 3. Using account balances from Recurement 66, prepare an unausted trial balance as of Apr 30 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance 5a. Prepare the income statement for the month of Am 30 5b. Prepare the statement of retained earnings for the month of April 30 5. Prepare the balance sheet at Ant30 Gener Jouni 44,000 36,000 Computer equipment Common stock 70,000 Onts April 02 Rent expense 2,700 Cash 2,700 April 03 Office supplie 1.000 cas 1.000 @ 00 00 00 00 00 000 April 10 2.000 Prepaid insurance Cash 2.000 Salaries expense 1.100 Cash 1.100 12,600 Commissions earned 12,500 April 28 1,100 Salaries expense Cash 1.100 April 20 Repairs expense 360 Ch 360 April 30 Telephone expense 800 was 800 en 30 Dividends 1.800 1,000 Req3 > Req 1 and 2 Reg 3 Re4 M Entries R M Reg SA Reg 58 Req SC Req6A Reg 68 G Reg 7 Using account balances from Requirement 6h, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance 101: Cash 44,350 1800 2.900 35.000 70,000 108: Accounts receivable 124 Osce supplies 128. Prepaid insurance 167: Computer equipment 168. Accumulated depreciation Computer equipment 209 Salaries payable 307 Common stock 318 Retained earnings 319 Dividends 405 Commissions earned 012 Depreciation expense Como 822 Salaries expense 637 Insurance expense 840 Rent expense 850 Ofice supplies expens 884. Recais expense 1.600 12.500 100 echone expense 800 91600 ( Req 1 and 2 Reg 4 A Entries > UU. PIWOIVUN HOITRIIVI ILONU WONINI UIN LIIVITIVI VIHJU 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger 7. Prepare a post-closing trial balance. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg) Reg 4 Adj Entries Req 4 Adj Trial Bal Red SA Req 50 Reg SC Reg 6A Reg 60 GL Reg 7 Journalize the adjusting entries for the month, and then post to the ledger on Reg 68 tab, using April 30 Adj. as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) No Transaction General Journal Credit Debit 161 Insurance expense Prepaid insurance 1 1,000 Office supplies expense Office supplies 1,000 500 Depreciation expense-Comer equip Acoumulated depreciation Computer equio 500 310 Saare expense Sales payable 3100 2 300 Accounts receivable Commissions earned 2.300 Req. Ad Trial Bal > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Ad Entries Req 4 Ad) Trial Bal ReqSA Req 50 Req SC Req6A Req 68 GL Reg 7 Using adjusted account balances from Requirement 6b, prepare an adjusted trial balance as of April 30. ADVENTURE TRAVEL Afsted Trial Balance 2.300 800 2.739 35.000 DO 101: Cash 100 Accou es receva 124 Ofice Supplies 128. Prepaid insurance 167: Computer equipm 108. Accumulated depreciation Computer equipment 209 Satanes payable 307 Como 318 Regned earning 31 Dividends 405 Commissions 012 Degre 822 Se 310 79.000 1.800 14 800 500 2510 ooooooo O 2100 1000 350 800 04 510 5 4 10 Required 1&2 Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and uneared 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 prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30 5b. Prepare the statement of retained earnings for the month of April 30 5c Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6. Post the journal entries to the ledger 7. Prepare a post-closing trial balance. Answer is not complete. Complete this question by entering your answers in the tabs below. R4 Ad Red RSA Reg 1 and 2 Rea 3 Entries Trial B S A Red 50 Red 50 Req6A Req6B GL Req? Prepare the statement of retained earnings for the month of April 30. (Amounts to be deducted should be entered with a ADVENTU E TRAVEL Statement of R For Month End Rendemos OM 3779 800 Pene Reg SA Reqs > Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Rea Reg 3 Red 4 Ad Entri Real Trial Bal Req 5A Req 5 Req SC Reg 6A Req 6B GL Reg 7 Prepare journal entries to close the temporary accounts and then post to Req 68 General Ledger using April 30 Close as the General Journal Cret Apr 30 Commissions earned Income summary Debit 14800 14 800 Apr 30 320 2510 Income summary Depreciation expense Computer equi Salanes esperse Insurance expense Rent expense Chce supplies e pense 200 als as s|e|ee|ee|e|| se 1888 Telephone A 20 more Resinedes Apr 30 Retained eangs Reg Heg 68 GL General Ledger accounts 101: Cash Debit 44,000 Credit 106. Accounts Receivable Debit Credit 2,300 Date April 30 Adj. 1 Balance 2.300 2,700 1,600 2,900 1.100 April 1 April 2 April 3 April 10 April 14 April 24 April 28 April 29 April 30 April 30 OOOOOOO Balance 44,000 41,300 30,700 36,800 35,700 48,200 47.100 48,750 45,950 44,350 12,500 1.100 350 300 1,600 B Date Apri 3 April 30 Adj. 124: Office Supplies Debit Credit 1.800 1,000 alance 1,800 600 Date April 10 April 30 Ad L 128: Prepaid Insurance Debit Credit 2,900 L 161 L Balance 2.900 2.739 167: Computer Equipment Debit Credit 35.000 Balance 35,000 168: Accumulated Depreciation-Computer equipment Date Debit Credit Balance April 30 Adj. 500 209. Salaries Payable Debit e d Credit 310 Date April 20 Date 307: Common Stock Debit Debit Credit 70.000 Balance 70.000 161 101 o l o l April 14 April 28 April 30 Ad April 30 Close 1,100 l 1,100 3100 1,100 2.200 2,510 April 30 Adj. April 30 Close Ol 101 2.510 0 640: Rent Expense Date Debit Credit neol 2.700 April 30 Close 2.7000 Balance 2.700 0 650: Office Supplies Expense Date Debit Credit April 30 Adjo 1,000 April 30 Close Ol 1,000 Balance 1.000 April 2 Balance Date April 20 April 30 Close 684: Repairs Expense Debit Credit 350 350 Date April 30 Apnl 30 Close 689: Telephone Expense Debit Credit 800 | Balance 800 o Date April 30 Close April 30 Close April 30 Close 901: Income Summary Debit Credit 14800 8,021 8.779 Balance 14.800 8770 Reg GA Req7 > 5C Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Adj Entries Req 4 Adj Trial Bal Req 5A Reg 5B Req SC Req 6A Req6B GL Reg 7 Prepare a post-closing trial balance. Credit ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Cash $ Accounts receivable Office supplies Prepaid insurance Computer equipment Accumulated depreciation Computer equio Salaries payable Common stock Retained earnings Debit 44,350 2.300 800 2,730 35,000 OOOOO 500 310 70.000 5.179 $ 84989 84969 (Reg 6B GL
