homework

On Aprill 1, Sharon Lewis created a new travel agency, Lewis Travel. The following transactions occurred during the company's first month. Aprit 2 Lewis invested 539,060 cash and computer equipent worth $19,200 in the conpany. Aprit 3 The coepany rented furnished office space by paying $2,300 cash for the first month"s (Aprit) rent, April 4 The company porchased $2,400 of office supplies for casth. Aprit 10 . The conpany paid $2,160 cash for a 12-month insurance policy. Coverage begins on Aprit 11. Aprit 14 The company paid $1,680 cash for two weeks" sataries earned by enployees. April 24 The conpany collected $18,000 cash for connissions revenue. Aprit 28 The conpany paid $1,680 cash for two weeks" salaries earned by employees. April.29 The coepany paid s8ae cash for minor repairs to conpater equipaent. Aprit 30 The company paid $750 cash for this month's telephone bill. April 30 Lewis withdrem $1,800 cash from the conpany for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $700 of office supplies are still avalable. c. This month's depreciation on computer equipment is $320. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,760 of commissions revenue that is not yet recorded at monthend. Prepare the required journal entries, adjusting entries, and closing entries for tewis Travel. Journal entry worksheet Note: Enter debits before credits. On April 1, Sharon Lewis created a new travel agency. Lewis Travel. The following transactions occurred during the company's first month. Aprit 2 Lenis invested $39,000 cash and computer equipment worth $19,200 in the company. April 3 The company rented furnished office space by paying $2, 30e cash for the first month's (Aprit) rent. April 4 The company purchased 52,400 of office supplies for cash. April 10 The company paid $2,160 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid 51,680 cash for two weeks salaries earned by enployees. April 24 The company collected 518,000 cash for commissions revenue. Aprit 28 The company paid 51,680 cash for two weeks' salaries earned by enployees. April 29 The company paid 5800 cash for minor repairs to computer equipaent. April 30 The company paid 5750 cash for this month's telephone bith, April 30 Lewis withdrew $1,800 cash fron the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $320. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company eamed $1,760 of commissions revenue that is not yet recorded at month-end. Each joumal entry is posted automatically to the general ledger, Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. General Ledger Account Data is not available unts joumal entries have been entered. On April 1, Sharon Lewis created a new travel agency. Lewis Travel. The following transactions occurred during the company's first month. April 2 Lewis invested $39,000 cash and computer equipment worth $19,200 in the company. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. April 4 The company purchased $2,400 of office supplies for cash. April 10 The company paid $2,160 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,680 cash for two weeks" salaries earned by enployees. April 24 The company collected $18,080 cash for comnissions revenue. April 28 The company paid $1,680 cash for two weeks: salaries earned by enployees. April 29 The company paid $800 cash for minor repairs to computer equipont. April 30 The company paid $750 cash for this month's telephone bill. April 30 Lewis withdrew 51,800 cash fron the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $320. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,760 of commissions revenue that is not yet recorded at month-end. You may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down i below. Your choice will determine the reported values on the financial statement tabs. On April 1, Sharon Lewis created a new travel agency, Lewis Travel. The following transactions occurred during the company's first month. April 2 Lewis invested $39,000 cash and conputer equipnent worth $19,200 in the conpany, April 3. The company rented furnished office space by paying $2,39 cash for the first month's (Aprit) rent, Aprit 4 The coepany purchased 52,400 of office supplies for cash. Aprit 10 The coepany paid $2,160 cash for a 12-month insurance policy. Coverage begins on Appit 11. Aprit 14 The company paid $1,680 cash for two weeks" salaries earned by enployees. Aprit 24 The conpany collected 518,000 cash for comnissions revenue. Aprit 28 The company paid $1,680 cash for two weeks" salaries earned by eaployees. Aprit 29 The coepany paid $800 cash for minor repairs to conputer equipnent. Aprit 30. The conpany paid $750 cash for this month's telephone bitl. Aprit 30 Lewis withdrew $1,800 cash from the conpany for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $320. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,760 of commissions revenue that is not yet recorded at month-end. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjuste or post-closing balances will appear for each account, based on your selection, On April 1, Sharon Lewis created a new travel agency. Lewis Travel. The following transactions occurred during the company's first month. Aprit 2 Lewis invested $39, eae cash and cosputer equipment worth $19,200 in the conpany. Aprit 3 The company rented furnished office space by paying 52,300 cash for the first ronth's (Aprit) rent. Aprit 4 The company purchased $2,400 of office supplies for casth. April 10 The conpany paid $2,160 cash for a 12-month insurance policy. Coverage begins on Aprit 11. Aprit 14 The company paid $1,680 cash for two weeks" salaries earned by enployees. Aprit 24 The company collected $18,000 cash for comissions revenve. Aprit 28 The company paid $1,680 cash for two weeks" salaries earned by enployees. April 29 The company paid $800 cash for minor repairs to conputer equipment. Aprit 30 The conpany paid $750 cash for this nonth's telephone bill. April 30 Lewis withdrew $1,800 cash tron the conpany for personat use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $700 of office supplies are still avallable. c. This month's depreciation on computer equipment is $320. d. Employees earned $572 of unpaid and untecorded salaries as of month-end. e. The company earned $1,760 of commissions revenue that is not yet recorded at month-end. The unadjusted or adjusted balances will appear for each account, based on your selection. (Selecting Post-Clasing will only display ending capital.) se the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted, st-closing balances will appear for each account, based on your selection. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created, Compare your results with the Trial Balance tab