Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i am lost and and need help. I need help solving Rq3 Req 4 Adj Req 5A Req 5B Reg 5C Req 6A Req 6B

i am lost and and need help.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
I need help solving Rq3 Req 4 Adj

Req 5A

Req 5B

Reg 5C

Req 6A

Req 6B GL.

Req 7
On Agril 1, Jiro Noxorni created a new traved agency, Adventure Trawel. The following transbctions occurred during the company's first fmonth, Apri1 1 Noroel invested $33, bee cash and conputer equiprent warth \$20, eee in the cospavy in exchange fer censon stock. 2 The conpany rented furnisbed office space by paying $1, boe cash for the first nonth"s (April) rent. 3. The cospany purchased $1, ecg of office supplies for cash. 10 The cespany paid $2,600 cash for the prenfun en a 12-month iesurance pelicy. coverage begins on April 11. 14 The cespasy paid 1960 cast for two verks" salaries esrned by enployees. 24 The cospasy collected $23, eav cash for cornlssions earned. 28 The cospary paid 1960 cast for two veeks" salaries earned by enployees. 29 The cospary paid $30e cash for niner repaliss to the conpany's copputer. 36. The cospany paid $1,55 e cash for this aonth's telepbone bit1. 36. The cospary paid 52,200 cash in dividends. The company's chart of accounts follows: Use the follawing informotion: a. Prepeid insurance of 5444 has expired this mont. b. At the end of the month, $400 of office supclies are stll avaioble. c. This month's depreciation on the computer equpment is $500. d. Employees earned $330 of unpaid and uneecorded salaries as of month-end. e. The compeny earned $2,350 of comm/ssions that are not yet billed at month-ind Requlred: 1. 8. 2. Prepare journal entries to record the transactons for Apritand post them to the ledfer accounts in Requirement 6 b. The cempany records prepald and unearned items in balance sheet accouns. 3. Using account balances frem Requirement 6b, prepare an unochusted tral balance as of Apeit 30 . 4. Journalize the adjusting entries for the menth ari pepare the adysted trial bavance. Ee. Ptepare the income statemern for the month of April 30. 56. Prepare the statement of retained earnings for the month of Aprd 30 5e. Prepare the bolance shet at Apri 30. 6a. Prebare iournal entries lo close the lemborary accounts and then bost to Reoulrement 6 b. Complete this question by entering your answers in the tabs below. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 . Complete this question by entering your answers In the tabs below. Using adjusted account balances from Requirement 6 b, prepare an adjusted trial balance as of April 30. Complete this question by entering your answers in the tabs below. Prepare the income statement for the month of April 30. Complete this question by entering your answers in the tabs below. Prepare the statement of retalned earnings for the month of April 30. (Arnounts to be deducted should be entered with a ininus sign.) Complete this question by entering your answers in the tabs below. Prepare the balance sheet at April 30 . Complete this question by entering your answers in the tabs below. Prepare journal entries to dose the ternporary accounts and then post to Rec 6 \& General Ledger, using April 30 close as the date. Journal entry worksheet Record the entry to dose the revenue account(s). Notei inter dehits selom ciedis. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a post-dosing trial balance. On Agril 1, Jiro Noxorni created a new traved agency, Adventure Trawel. The following transbctions occurred during the company's first fmonth, Apri1 1 Noroel invested $33, bee cash and conputer equiprent warth \$20, eee in the cospavy in exchange fer censon stock. 2 The conpany rented furnisbed office space by paying $1, boe cash for the first nonth"s (April) rent. 3. The cospany purchased $1, ecg of office supplies for cash. 10 The cespany paid $2,600 cash for the prenfun en a 12-month iesurance pelicy. coverage begins on April 11. 14 The cespasy paid 1960 cast for two verks" salaries esrned by enployees. 24 The cospasy collected $23, eav cash for cornlssions earned. 28 The cospary paid 1960 cast for two veeks" salaries earned by enployees. 29 The cospary paid $30e cash for niner repaliss to the conpany's copputer. 36. The cospany paid $1,55 e cash for this aonth's telepbone bit1. 36. The cospary paid 52,200 cash in dividends. The company's chart of accounts follows: Use the follawing informotion: a. Prepeid insurance of 5444 has expired this mont. b. At the end of the month, $400 of office supclies are stll avaioble. c. This month's depreciation on the computer equpment is $500. d. Employees earned $330 of unpaid and uneecorded salaries as of month-end. e. The compeny earned $2,350 of comm/ssions that are not yet billed at month-ind Requlred: 1. 8. 2. Prepare journal entries to record the transactons for Apritand post them to the ledfer accounts in Requirement 6 b. The cempany records prepald and unearned items in balance sheet accouns. 3. Using account balances frem Requirement 6b, prepare an unochusted tral balance as of Apeit 30 . 4. Journalize the adjusting entries for the menth ari pepare the adysted trial bavance. Ee. Ptepare the income statemern for the month of April 30. 56. Prepare the statement of retained earnings for the month of Aprd 30 5e. Prepare the bolance shet at Apri 30. 6a. Prebare iournal entries lo close the lemborary accounts and then bost to Reoulrement 6 b. Complete this question by entering your answers in the tabs below. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 . Complete this question by entering your answers In the tabs below. Using adjusted account balances from Requirement 6 b, prepare an adjusted trial balance as of April 30. Complete this question by entering your answers in the tabs below. Prepare the income statement for the month of April 30. Complete this question by entering your answers in the tabs below. Prepare the statement of retalned earnings for the month of April 30. (Arnounts to be deducted should be entered with a ininus sign.) Complete this question by entering your answers in the tabs below. Prepare the balance sheet at April 30 . Complete this question by entering your answers in the tabs below. Prepare journal entries to dose the ternporary accounts and then post to Rec 6 \& General Ledger, using April 30 close as the date. Journal entry worksheet Record the entry to dose the revenue account(s). Notei inter dehits selom ciedis. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a post-dosing trial balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Global Perspective

Authors: Robert Libby, Patricia Libby, Daniel G Short

5th Edition

0071107746, 978-0071107747

More Books

Students also viewed these Accounting questions

Question

work settings of recent graduates;

Answered: 1 week ago