On April 1, 2017, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the companys first month.

Apr.		1		Taylor invested $43,000 cash and computer equipment worth $14,400 in the company.
Apr.		2		The company rented furnished office space by paying $2,300 cash for the first months (April) rent.
Apr.		3		The company purchased $2,200 of office supplies for cash.
Apr.		10		The company paid $3,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
Apr.		14		The company paid $1,400 cash for two weeks salaries earned by employees.
Apr.		24		The company collected $18,000 cash on commissions from airlines on tickets obtained for customers.
Apr.		28		The company paid $1,400 cash for two weeks salaries earned by employees.
Apr.		29		The company paid $500 cash for minor repairs to the companys computer.
Apr.		30		The company paid $650 cash for this months telephone bill.
Apr.		30		Taylor withdrew $2,200 cash from the company for personal use.

Information for month-end adjustments follows:

1. Two-thirds (or $200) of one months insurance coverage has expired.
2. At the end of the month, $850 of office supplies are still available.
3. This months depreciation on the computer equipment is $240.
4. Employees earned $560 of unpaid and unrecorded salaries as of month-end.
5. The company earned $1,780 of commissions that are not yet billed at month-end.

• Requirement
• General Journal
• General Ledger
• Trial Balance
• Income Statement
• St Owners Equity
• Balance Sheet
• Post Closing

General Journal tab - Prepare journal entries for Taylor Travel's first month of operations. Prepare any necessary adjusting and closing entries for the current month.

General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances.

Trial Balance tab - You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs.

Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection.

Statement of Owner's Equity tab - The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection.

Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection.

Post-Closing tab - Use the drop-downs to indicate whether each account is included on the post-closing trial balance.