Cho April 1 Nozomi invested $35, eee cash and computer equipment worth $35,000 in the company. 2 The company rented furnished office space by paying $2,108 cash for the first month's (April) rent. 3. The company purchased $1,7ee 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 $1,1ee cash for two weeks' salaries earned by employees. 24 The company collected $10,500 cash for commissions earned. 28 The company paid $1,100 cash for two weeks' salaries earned by employees. 29 The company paid $5ee cash for minor repairs to the company's computer. 30 The company paid $8ee cash for this month's telephone bill. 30 Nozomi withdrew $1,600 cash from the company for personal use. 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 Payable 301 3. Nozomi, Capital 382 ). Nozomi, Withdrawals 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 salaries Expense 637 Insurance Expense 649 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information: Prey 1 of 2 Next > earch O 99+ con=con&external_browser k 5- Chapters 1, 2, & 4 0 Saved 1 302 J. Nozomi, withdrawals 901 income Summary Use the following information: a. Prepaid insurance of $133 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 equipment is $300. d. Employees earned $540 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,700 of commissions that are not yet billed at month-end. pok nt ences Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to th company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balanc 4. Journalize the adjusting entries for the month and prepare the adjusted trial balar 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. 6a. Prepare journal entries to close the temporary accounts and then post to Requir 6b. Post the journal entries to the ledger. 7 Drone + electrilho Debit Credit Adjusted Trial Balance April 30 Account Title 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 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 $ 0 $ 0
