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can you please tell me what is my mistake? if there are any mistakes can you please tell me what are they? (The following information
can you please tell me what is my mistake? if there are any mistakes can you please tell me what are they?
(The following information applies to the questions displayed below.] On April 1, 2015, Dana Al-Waleed created a new travel agency Adventure Travel. The following transactions occurred during the company's first month. Apelt Al-Waleed invested $45,000 cash and computer equipment worth $35,000 in the company. ? The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. The company purchased $1,100 of office supplies for cash. 10 The company paid $2,400 cash for the premium on a 12- month insurance policy. Coverage begins on April 11. 14 The company paid $1,800 cash for two weeks' salaries earned by employees. 24 The company collected $10,500 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1,800 cash for two weeks' salaries earned by employees. 29 The company paid $550 cash for minor repairs to the company's computer 30 The company paid $1.250 cash for this month's telephone bill. 30 Al-Waleed withdrew $2,000 cash from the company for personal use. The company's chart of accounts follows: 108 Cash 106 Accounts Receivable 124 Omice Supplies 128 Prepaid insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equio 209 Salaries Payable 301 D. Al-Waleed, Capital 302 D. A-Waleed, Withdrawals 405 Commissions Eamed 612 Depreciation Expense--Computer Equip 622 Sales Expense 637 Insurance Expense 640 Rent 650 Office Supplies Expense 684 Repairs Expense 688 Telephone sense S01 Income Scy Use the following information: a. Two-thirds (or $133) of one month's insurance coverage has expired. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on the computer equipment is $400. Employees earned $410 of unpaid and unrecorded salaries as of month-end. The company earned $1,550 of commissions that are not yet billed at month-end. d Required information 15.00 points Required: The general ledger and all the necessary accounts are provided in the above part. Post all journal entries, adjusting entries and closing entries to the general ledger given in the above part. 2 Prepare journal entries to record the transactions for April and post them to the ledger accounts in the above part. The company records prepaid and unearned items in balance sheet accounts. View transaction list View ournal entry worksheet General Journal No 1 Creat Date April 01 Casa Computer equipment D. Al-Waleed. Capital De 45.000 35.000 50.000 / 2 Apr 02 2.300 2.300 / Apr 03 1100 Orice supplies Cash 1 100 / 4 April 10 Prepaid insurance 2.400 / 5 Apr 14 1800 Salares expense Cash 1800 1 6 April 24 10 500 Cash Commissions and 10.500 2 7 April 28 1800 Salaries croene Ca 1900 / 8 April 29 Repairs open Cou 550 . 9 Apr 30 Telephone espense 1250 1.250 2. ced information 15.00 points Using account balances from the above part, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL 101 Cash 105. A 124 Oto 1.000 167 Com 10. Acced Grection- Sale 301 302. DNV W 20 Comment 012: De Comment 2.000 100 2007 Green 600 Office open 12 1 3 . 20.00 points Journalize the adjusting entries for the month and prepare the adjusted trial balance. (Do not round intermediate calculations.) Crede 1 . 130 2 700 700 3 De 400 8 4 . 10 410 5 150 560 ADVENTURE rot NO 2010 mo 1 4. - Prepare the income statement for the month of April 30, 2015 Com 22 138 Oferungen To * Prepare the statement of owner's equity for the month of April 30, 2015 ROVENTURE TRAVEL Dal 2016 BAC nie Cred 1.100 1,900 Art 2.400 220 W 10 C 35.000 200 O. AN 000 M 200 OM Cr be D Bale D AWO 2000 WO OT Dr. Dete Brede 2000 100 DTP Apel Ow 230 Om or repare a post-closing trial balance. (Please prepare your trial alance in chart of accounts order given in the question.) ADVENTURE TRAVEL in the 3 Step by Step Solution
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