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I would like to know the result of step 1 through 4. Connect Record Closing Entries And Prepare A Post-closing. Chegg.com Assingment #3 Saved Help
I would like to know the result of step 1 through 4.
Connect Record Closing Entries And Prepare A Post-closing. Chegg.com Assingment #3 Saved Help Save & Exit Submit Check my work Requirod information Required information [The following information applies to the questions displayed below On April 1, 2015. Jiro Nozomi created a new travel agency, Adventure Travel. The Part 5 of 6 following transactions occurred during the company's first month. 10 points April 1 Nozomi invested $41,000 cash and computer equipment worth $35,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,800 cash for the first month's (April) rent 3 The company purchased $1,800 of office supplies for cash. 10 The company paid $2,400 cash for the premium on a 12-month insurance eBook policy. Coverage begins on April 11. 14 The company paid $1100 cash for two weeks' salaries earned by employees. 24 The company collected $8,500 cash on commissions from airlines on tickets Print obtained for customers. 28 The company paid $1,100 cash for two weeks' salaries earned by employees. 29 The company paid $350 cash for minor repairs to the company's computer 30 The company paid $1,250 cash for this month's telephone bill. 30 The company paid $2,500 cash in dividends. The company's chart of accounts follows: 405 Commissions Earned 512Depreciation Expense-Computer 101 Cash 106 Accounts Receivable Equip. 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense Accumulated Depreciation-Computer 168 Equip 209 Salaries Payable 307 Common Stock 684 Repairs Expense 688 Telephone Expense Prev 12 13 of 13 Next >Step by Step Solution
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