Journal entry worksheet Record the entry to close revenue account(s). Note: Enter debits before credits. On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apcil 2 Noroesi invested $38,000 cash and compter equiphent worth $30,000 in the company. April 3 The company rented furnished office space by payine $2,200 cash for the first aonth's (April) rent. April 4 The company purchased $1,100 of office supplies for cash. April 10 The conpary paid $2,600 cash for a 12 - month insurance policy. Coverage begins on Apri1 11. April 14 The company paid $1,400 cash for two weeks" salaries earned by employees. April 24 The company collected $12,000 cash for commissiens revenue. April 26 the conpany paid $1,409 cash foe two weeks" salaries earned by eeployees. April 29 The company paid $500 cash for ninor repairs to computer equipent. April 30 The comany paid 31, 0se cash for this eoeth's telephone bill April so Nozoel withdrey $2,000 cash froe the conony for personal use. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepald insurance of $144 expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on computer equipment is $600. d. Emplovees earned $480 of unpaid and unrecorded salaries as of month end. as of April 30. Post the journal entries to the ledger. Note: For April 30, choose the dropdown that most accurately describes the entry. Prepare the balance sheet at April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Prepare the statement of owner's equity for the month of April 30 Journal entry worksheet 5 Record the required adjusting entry, if any. Prepaid insurance of $144 expired this month. Note: Enter debits before credits. a. Prepaid insurance of $144 expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on computer equipment is $600. d. Employees earned $480 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,200 of commissions revenue that is not yet recorded at month-end. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Totals $ \begin{tabular}{l|l} \hline & $ \end{tabular} 0 Use the following information to prepare adjusting entries: o. Prepald insurance of $144 expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on computer equipment is $600. d. Employees earned $480 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,200 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL. tab. The company records prepaid and unearned iterns in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Adjusted as the date. 5o. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30 . 5b. Prepare the income statement for the month of April 30. 5c. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30. 6o. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab. using Apra 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare joumal entries to recond the transactions for April and post them to kedger accounts in Req 6B GL tab. The company records: prepald and unearned items in batance sheet accounts
