On Apriil 1, Jiro Nozomi created a new travel agency, Adventure Trave. month ollowing transactions occurted during the companys first April 2 Mozoni invested \$45, e0e cash and computer equipoent worth $35, 80e in the company in exchange for its compn stock. Apri1 3 the company rented furnished office space by paying $1,900 cast for the first month's (April) rent. Apri1 4 The company purchased 52,0e0 of office supplies for cash. April 10 the company paid \$2, 34e cash for a 12-month Insurance policy. Coverage begins on Apri1 11. Apri1 14 the company poid $980 cash for two weeks' solaries carned by employees. Apri1 24 The company collected 510 ; 000 cash for comilssions revenue. Apri1 24 The company paid 590e cash for two weeks' salaries earned by employees. Apri1 29 The company paid 5500 cash for minor repairs to computer equipnent. April 30 The company paid $1,500 eash for this month's telephone bill. Apri1 30 the company paid $1,530 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries Use the following information to prepare adjusting entries: a. Prepaid insurance of $130 expired this month b. At the end of the month, $400 of office supplies are still available c. This month's depreciation on computec equipment is $400. d. Employees earned $350 of unpaid and unrecorded salaries as of monthiend e. The company earned $1,950 of commissions revenue thatis not yet recorded at month-end Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab, The company fecords prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 68GL tab, vsing April 30 Adjusted a5 the date. 5a. Using adjusted account balances from Requirement 68 GL tab. prepare an adjusted tria balance as of Apri 30 : 56. Prepare the income statement for the month of April 30 5c. Prepare the statement of retained earnings for the month of April 30 5d. Prepare the balance sheet at April 30 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 68GL iab, using Aprili30 Cose as the cate 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. On Apriil 1, Jiro Nozomi created a new travel agency, Adventure Trave. month ollowing transactions occurted during the companys first April 2 Mozoni invested \$45, e0e cash and computer equipoent worth $35, 80e in the company in exchange for its compn stock. Apri1 3 the company rented furnished office space by paying $1,900 cast for the first month's (April) rent. Apri1 4 The company purchased 52,0e0 of office supplies for cash. April 10 the company paid \$2, 34e cash for a 12-month Insurance policy. Coverage begins on Apri1 11. Apri1 14 the company poid $980 cash for two weeks' solaries carned by employees. Apri1 24 The company collected 510 ; 000 cash for comilssions revenue. Apri1 24 The company paid 590e cash for two weeks' salaries earned by employees. Apri1 29 The company paid 5500 cash for minor repairs to computer equipnent. April 30 The company paid $1,500 eash for this month's telephone bill. Apri1 30 the company paid $1,530 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries Use the following information to prepare adjusting entries: a. Prepaid insurance of $130 expired this month b. At the end of the month, $400 of office supplies are still available c. This month's depreciation on computec equipment is $400. d. Employees earned $350 of unpaid and unrecorded salaries as of monthiend e. The company earned $1,950 of commissions revenue thatis not yet recorded at month-end Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab, The company fecords prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 68GL tab, vsing April 30 Adjusted a5 the date. 5a. Using adjusted account balances from Requirement 68 GL tab. prepare an adjusted tria balance as of Apri 30 : 56. Prepare the income statement for the month of April 30 5c. Prepare the statement of retained earnings for the month of April 30 5d. Prepare the balance sheet at April 30 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 68GL iab, using Aprili30 Cose as the cate 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below
