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GL0402-Based on Problem 4-1A LO C2, P2, P3 On April 1, Jean Clark created a new travel agency, Clark Travel. The following transactions occurred during

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GL0402-Based on Problem 4-1A LO C2, P2, P3 On April 1, Jean Clark created a new travel agency, Clark Travel. The following transactions occurred during the company's first month Apr. 1 Clark invested $33,000 cash and computer equipment worth $8,400 in the company. Apr. 2 The company rented furnished office space by paying $2,109 cash for the first month's (April) rent. Apr. 3 The company purchased $1,600 of office supplies for cash. Apr. 10 The company paid $2,160 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1,680 cash for two weeks salaries earned by employees. Apr. 24 The company collected $14.000 cash for comissions earned. Apr. 28 The company paid $1,688 cash for two weeks salaries earned by employees. Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 3e The company paid $500 cash for this month's telephone bill. Apr 30 Clark withdrew $1,500 cash from the company for personal use. Information for month-end adjustments follows: a. Prepald Insurance of $120 has expired this month. b. At the end of the month, $750 of office supplies are still available. C. This month's depreciation on the computer equipment is $140. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end e. The company earned $1,780 of commissions that are not yet billed at month-end. Requirement General Journal General Trial Balance Income Statement St Owners tu Equity Balance Sheet Post Closing Ledger General Journal tab - Prepare journal entries for Clark Travel's first month of operations. Prepare any necessary adjusting and closing entries for the current month. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post.closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection Statement of Owner's Equity tab - The unadjusted, adjusted or post.closing balances will appear for each account, based on your selection. Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted adjusted or post-closing balances will appear for each account, based on your selection. Post Closing tab - Use the drop-downs to indicate whether each account is included on the post-closing trial balance General Journal >

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