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i need help with this problem please On April 1. Leslie Adams created a new travel agency. Adams Travel. The following transactions occurred during the
i need help with this problem please
On April 1. Leslie Adams created a new travel agency. Adams Travel. The following transactions occurred during the month. Apr. 1 Adams invested $42, eee cash and computer equipment worth $13,800 in the company. Apr. 2 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. Apr. 3. The company purchased $2,000 of office supplies for cash. Apr. 10 The company paid $3,240 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $2,100 cash for two weeks' salaries earned by employees. Apr. 24 The company collected $16,000 cash for commissions earned Apr. 28 The company paid $2,100 cash for two weeks' salaries earned by employees. Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 30 The company paid $600 cash for this month's telephone bill. Apr. 30 Adams withdrew $2,100 cash from the company for personal use. es Information for month-end adjustments follows: a. Prepaid insurance of $180 has expired this month. b. At the end of the month $800 of office supplies are still available. c. This month's depreciation on the computer equipment is $230, d. Employees earned $840 of unpaid and unrecorded salaries as of month-end. e. The company earned $1770 of commissions that are not yet billed at month-end. Requirement General Journal General Ledger Tral Balance Income Statement St Owners Equity Balance Sheet Post Closing Prepare the required journal entries, adjusting entries, and closing entries for Adams Travel Dr Step by Step Solution
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