Need Help on All

Trail Balance is 0 its a new business

Problems 3-5A (Algo) Applying the accounting cycle LO P1, P2, P3, P4, P5, P6 On Agnil 1. Jiva Norom qeated a new travet agency. Adventize Travel The foliownig transactions occuned during the companys fisst month. Aeril I The coptey purchased 51, tae of affice s.wphes for cash. Dorll 10 the comany poud 31, We caih in divifiends. a. Prepaid insurance of $111 has expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees eamed $310 of unpaid and unrecorded salaries as of monthend. e. The company earned $2,400 of commissions that are not yet billed at monthend. Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to the ledger occounts in Requirement 6b. The company records prepaid and unearned items 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 prepare the adjusted trial balance. 5a. Prepare the income statement for the month of Apri 30. 5b. Prepare the statement of retained earnings for the month of April 30 . 5 c. Prepare the balance sheet at April 30 . 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance