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General Ledger Assignment # 2 ( Saved 1 On April 1 , Anita Strods created a new travel agency, Strods Travel. The following transactions occurred
General Ledger Assignment #
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On April Anita Strods created a new travel agency, Strods Travel. The following transactions occurred during the company's first month.
April Strods invested $ cash and computer equipment worth $ in the company,
April The company rented furnished office space by paying $ cash for the first month's April rent.
April The company purchased $ of office supplies for cash.
April The company paid $ cash for a month insurance policy. Coverage begins on April
April The company paid $ cash for two weeks' salaries earned by employees.
April The company collected $ cash for commissions revenue.
April The company paid $ cash for two weeks' salaries earned by employees.
April The company paid $ cash for minor repairs to computer equipment.
April Strods
Information for monthend adjustments follows:
a Prepaid insurance of $ expired this month.
b At the end of the month, $ of office supplies are still available.
c This month's depreciation on computer equipment is $
d Employees earned $ of unpaid and unrecorded salaries as of monthend.
e The company earned $ of commissions revenue that is not yet recorded at monthend.
Begin by selecting "Postclosing" from the dropdown below. Then, for each account, use the dropdown to indicate whether the account is included on the postclosing trial balance. Based on your decisions, the postclosing trial balance will be created. Compare your results with the Trial Balance tab.
Postclosi :
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