Can you help me with Req 4 Adj Trial Balance, Req 5A, Req 5B, Req 5C?
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $42,000 cash and computer equipment worth $35,000 in the company. 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. 10 The company paid $2,400 cash for the premiun on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,300 cash for two weeks' salaries earned by employees. 24 The company collected $8,500 cash for commissions earned. 28 The company paid $1,300 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 $1,200 cash for this month's telephone bill. 30 Nozomi withdrew $1,700 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office lies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 301 3. Nozoni, Capital 382 3. Nozomi, withdrawals 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 $133 has expired this month. b. At the end of the month, $400 of office supplies are still available. c. This month's depreciation on the computer equipment is $400. d. Employees earned $320 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. 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 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 prepare the adjusted trial balance 5a. Prepare the income statement for the month of April 30, 5b. Prepare the statement of owner's equity for the month of April 30. 5c. Prepare the balance sheet at April 30. 6. 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. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. View transaction list View journal entry worksheet Credit No Date General Journal Debit 42,000 35,000 1 April 01 Cash Computer equipment J. Nozomi, Capital 77,000 2,500 2 April 02 Rent expense Cash 2,500 1.600 3 April 03 Office supplies Cash 1,600 2,400 4 April 10 Prepaid insurance Cash 2,400 1,300 5 April 14 Salaries expense Cash 1,300 8,500 6 April 24 Cash Commissions earned 8,500 1,300 7 April 28 Salaries expense Cash 1,300 300 8 April 29 Repairs expense Cash 300 9 1,200 April 30 Telephone expense Cash 1,200 10 April 30 1,700 J. Nozomi, Withdrawals Cash 1,700 Req 1 and 2 Req Req 4 Adj Entries Req 4 Adj Trial Bal Req 5A Req 5B Req 5C Req 6A Rec Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Credit $ Debit 39,500 0 1,600 2,400 35,000 0 0 77,000 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation - Computer equipment 209: Salaries payable 301: J. Nozomi, Capital 302: J. Nozomi, Withdrawals 405: Commissions earned 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 1.700 8,500 0 1,300 0 2,500 0 300 1,200 85,500 $ 85,500 Req 1 and 2 Req 4 Adj Entries Req 1 and 2 Reg 3 Req 4 adj Req 4 Adj Entries Trial Bal Reg SA Reg 5B Req 5C Reg 6A Req 6B GL Reg 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the date. (Don intermediate calculations and round the final answers to nearest whole number.) View transaction list View journal entry worksheet No General Journal Debit Credit Transaction a. 1 133 Insurance expense Prepaid insurance 133 N b. 800 Office supplies expense Office supplies 800 3 C. 400 Depreciation expense Computer equip. Accumulated depreciation - Computer equip. 400 4 4 d. 320 Salaries expense Salaries payable 320 5 e. 1,900 Accounts receivable Commissions earned 1,900
