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On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $38,000 cash and computer equipment worth $35,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. 3 The company purchased $1,500 of office supplies for cash. 10 The company paid $2,500 cash for the prenium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,600 cash for two weeks' salaries earned by employees. 24 The company collected $16,000 cash for commissions earned. 28 The company paid $1,600 cash for two weeks' salaries earned by employees. 29 The company paid $300 cash for minor repairs to the company's computer. 30 The company paid $1,450 cash for this month's telephone bill. 30 The company paid $2,400 cash in dividends. The company's chart of accounts follows: 5 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information: a. Prepaid insurance of $139 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 $400. d. Employees earned $570 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,150 of commissions that are not yet billed at month-end, Required: Prev 1 of 1 Next 1 Reg 4 Adj Entries Req 4 Adj Trial Bal Reg 3 Reg 5A Reg 1 and 2 Reg 5B Reg 5C Reg 6A Req 6B GL Req 7 Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The records prepaid and unearned items in balance sheet accounts. 100 points View transaction list Journal entry worksheet eBook Print Nozomi invested $38,000 cash and computer equipment worth $35,000 in the company in exchange for common stock. References Note: Enter debits before credits General Journal Debit Credit Date April 01 Record entry Clear entry View general Journal Reg 3 > records prepaid and unearned items in balance sheet accounts. 100 points View transaction list Journal entry worksheet eBook 1 3 4 5 6 7 8 9 10 > Print The company rented furnished office space by paying $2,200 cash for the first month's (April) rent References Note: Enter debits before credits Date General Journal Debit Credit April 02 Record entry Clear entry View general journal Res and Reg 3 Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The comp: records prepaid and unearned items in balance sheet accounts. 100 points View transaction list Journal entry worksheet eBook 1 4 5 6 7 8 9 10 N Print The company purchased $1,500 of office supplies for cash. References Note: Enter debits before credits General Journal Debit Credit Date April 03 Record entry Clear entry View general Journal Rand Reg 3 > MC records prepaid and unearned items in balance sheet accounts. 100 points View transaction list Journal entry worksheet eBook 1 2 3 5 6 7 8 9 10 Print The company paid $2,500 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. References Note: Enter debits before credits Date General Journal Debit Credit April 10 Record entry Clear entry View general Journal DU Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirem records prepaid and unearned items in balance sheet accounts. 100 points View transaction list Journal entry worksheet eBook 1 2 3 4 6 6 7 9 8 10 Print The company paid $1,600 cash for two weeks' salaries earned by employees. References Note: Enter debits before credits Date General Journal Debit Credit April 14 Record entry Clear entry View general Journal records prepaid and unearned items in balance sheet accounts. 100 points View transaction list Journal entry worksheet eBook 1 2 3 A 4 5 63 7 8 9 10 Print The company collected $16,000 cash for commissions earned. References Note: Enter debits before credits Date General Journal Debit Credit April 24 Record entry Clear entry View general Journal Neeland Res 3 > ME Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet Book Print The company paid $1,600 cash for two weeks' salaries earned by employees. References Note: Enter debits before credits Date General Journal Debit Credit April 28 Record entry Clear entry View general Journal Ben 1 and Reg 3 > Prepare journal entries to record the transactions for April and post them to the ledger accounts in Require records prepaid and unearned items in balance sheet accounts. s View transaction list Journal entry worksheet eBook MC