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I need help with 6b and 7. On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the
I need help with 6b and 7.
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's firs month. April 2 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. April 3 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 4 The company purchased $1,000 of office supplies for cash. April 10 The company paid $2,400 cash for a 12-month insurance policy. Coverage begins on April 11 . April 14 The company paid $1,600 cash for two weeks' salaries earned by employees. April 24 The company collected $8,000 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 30 The company paid $750cash for this month's telephone bill. April 30 Nozomi withdrew $1,500 cash from the company for personal use. The company's chart of accounts follows. Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions revenue that is not yet recorded at month-end. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Post the journal entries to the ledger. Note: For April 30, choose the dropdown that most accurately describes the entry. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ 167: Computer Equipment } & \multicolumn{4}{|c|}{ 168: Accumulated Depreciation-Computer Equipment } \\ \hline Date & Debit & Credit & Balance & Date & Debit & Credit & Balance \\ \hline \multicolumn{8}{|l|}{7} \\ \hline \multicolumn{8}{|c|}{F} \\ \hline \\ \hline \\ \hline \multicolumn{4}{|c|}{ 209: Salaries Payable } & \multicolumn{4}{|c|}{ 301: J. Nozomi, Capital } \\ \hline Date & Debit & Credit & Balance & Date & Debit & Credit & Balance \\ \hline \\ \hline \\ \hline \multicolumn{8}{|l|}{7} \\ \hline \multicolumn{8}{|l|}{7} \\ \hline \multicolumn{4}{|c|}{ 302: J. Nozomi, Withdrawals } & \multicolumn{4}{|c|}{ 403: Commissions Revenue } \\ \hline Date & Debit & Credit & Balance & Date & Debit & Credit & Balance \\ \hline \multicolumn{8}{|l|}{7} \\ \hline \\ \hline \multicolumn{8}{|l|}{7} \\ \hline \multicolumn{8}{|l|}{7} \\ \hline \multicolumn{4}{|c|}{ 612: Depreciation Expense-Computer Equipment } & \multicolumn{4}{|c|}{ 622: Salaries Expense } \\ \hline Date & Debit & Credit & Balance & Date & Debit & Credit & Balance \\ \hline 7 & & & & & & & \\ \hline \end{tabular} Predare a Dost-closina trial balance
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