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Need the Post closing by 6pm Please! On April 1, Rick Mitchell created a new travel agency, Mitchell Travel. The following transactions occurred during the
Need the Post closing by 6pm Please!
On April 1, Rick Mitchell created a new travel agency, Mitchell Travel. The following transactions occurred during the company's first month April 2. Mitchel1 Imvested $38,000 cash and computer equipnent worth $18,600 in the company. April 3 . The company rented furnished office space by paying $2,200 cash for the first wonth's (April) rent. April 4 . The company purchased $2,200 of office supplies for cash. April 10 The conpany paid $1,800 cash for a 12 -month insurance policy. coverage begins on April 11. April 14 The company paid $1,540 cash for tio weeks" salaries earned by esployees. Apr 1124 The company collected $16,000 cash for comissions revenue. Apr 1128 The company paid $1,540 cash for two weeks' salaries earned by enployees. April 29 The company paid $650 cash for minor repairs to computer equiparent. April 30 The company paid $650 cash for this sonth's telephone b111. April 30 Mitchell withdrew $1,700 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $100 expired this month. b. At the end of the month, $650 of office supplies are still available. c. This month's depreciation on computer equipment is $310. d. Employees eamed $616 of unpaid and unrecorded salaries as of month-end e. The company earned $1,850 of commissions revenue that is not yet recorded at month-end. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your resuits with the Trial Balance tab. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created, Compare your results with the Trial Balance tab Step by Step Solution
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