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NEED HELP WITH THESE QUESTIONS Thank you in advance! On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred
NEED HELP WITH THESE QUESTIONS
Thank you in advance!
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first 3.33 points month. April 2 April 3 April 4 April April 14 April 24 April 28 April 29 April 30 April 30 Nozomi invested $30,000 cash and computer equipment wo rth $2,ee in the company in exchange for its common stock. The company The company The company The company The company The company The company The company The company rented furnished office space by paying $1, 8e cash for the first month's (April) rent. purchased $1, Of office supplies for cash. paid $2,400 cash for a 12-month insurance policy. Coverage begins on April 11. paid $1,600 cash for two weeks' salaries earned by employees. collected $8,000 cash for commissions revenue. salaries earned by employees. paid $1, cash for two weeks' paid S35e cash for minor repairs to computer equipment. paid $750 cash for this month's telephone bill. paid $1,500 cash in dividends. The company's chart of accounts follows. II 106 124 128 167 168 307 318 319 Cash Accounts Receivable Off ice Supplies prepaid Insurance Computer Equipment Accumulated DepreciationComputer Salaries Payable Common Stock Retained Earnings Dividends Equipment 403 612 622 637 640 650 684 688 gel Commissions Revenue Depreciation ExpenseComputer Equipment Salaries Expense Insurance Expense Rent Expense Office Supplies Expense Repairs Expense Telephone Expense Income Summary LJse the following information to prepare adjusting entries: a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions revenue that is not yet recorded at month-end. Reql and 2 ( Req3 Req 4 Req 6B GL Req 5A 3.33 points 333 points 3.33 points Req 5B Req SC Req SC Rea SD Req GA Req 6A prepare the balance sheet at April 30. NTURE Balance Sheet Total assets Total equity Total liabilities and equity Post the journal entries to the ledger. Note: Select April 30 Adjusted as date for all adjusting entries, and April 30 Close as date for all closing entries. 101: Cash Complete this question by entering your answers in the tabs below. 106: Accounts receivable Req 6A Req 6B GL Req 7 Req 7 Req 1 and 2 Req3 Req 5A Req5B Reqsc Req SD Req 4 prepare a post-closing trial balance. post-Closing Trial Balance April 30 Totals GL
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