Office Supplies Date Apr 3 30 Prepaid Insurance Date Apr 10 30 Computer Equipment Date Apr 1 Account No. 124 Explanation Debit 1,000 Credit Balance 1,000 Adjusting 400 600 < Computer equipment Date Apr 30 Account No. 612 Explanation Debit Credit Balance Adjusting 500 500 30 Closing 500 0 < ADVENTURE TRAVEL Apr 1 Nozomi invested cash $ 30,000 1 Nozomi invested computer equipment $ 20,000 2 Paid first month's rent $ 1,800 3 Purchased office supplies $ 1,000 10 Paid annual insurance premium $ 2,400 $ 1,600 $ 8,000 $ 1,600 $ 350 $ 750 $ 1,500 14 Paid salaries 24 Collected commissions earned 26 Paid salaries 27 Paid for computer repair 27 Paid telephone bill 28 Nozomi withdrew cash for personal use Chart of Accounts 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation, Computer Equipment 209 Salaries Payable 301 J. Nozomi, Capital 302 J. Nozomi, Withdrawals 405 Commissions Earned 612 Depreciation, Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Additional information for adjusting entries: Apr 30 2/3 of a month's insurance expired Office supplies on hand Depreciation on computer Unpaid salaries Check figures: (3) Unadjusted trial balance totals (4a) Debit Insurance Expense (5) Net income Capital (4/30/2010) Total assets (7) Post-closing trial balance totals $ 600 $ 500 $ 420 $ 58,000 $ 133 $ 447 $ 48,947 $ 49,367 $ 49,867