On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month Apr. 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. Apr. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. Apr. 3 The company purchased $1,000 of office supplies for cash. Apr. 10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1,600 cash for two weeks salaries earned by employees. Apr. 24 The company collected $8,000 cash on commissions from airlines on tickets obtained for customers. Apr. 28 The company paid $1,600 cash for two weeks' salaries earned by employees. Apr. 29 The company paid $350 cash for minor repairs to the company's computer. Apr. 30 The company paid $750 cash for this month's telephone bill. Apr. 30 The company paid $1,500 cash in dividends. Information for month-end adjustments follows a. Two-thirds (or $133) of one month's insurance coverage has expired b. At the end of the month, $600 of office supplies are still available c. This month's depreciation on the 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 that are not yet billed at month-end General Journal General Ledger St Retained Earnings Income Requirement Trial Balance Statement Balance Sheet Post Closing Prepare the required journal entries, adjusting entries, and closing entries for Adventure Travel Journal entry worksheet 12 13 15 16 17 1819> The company earned $1,750 of commissions that are not yet billed at month- end. Record the required adjusting entry, if any. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Accounts receivable 1,750 Commissions earned 1,750 Record entry Clear entry View general journal Journal entry worksheet 12 13 15 16 17 18 19 Record the entry to close the revenue account(s) Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Journal entry worksheet 12 13 14 15 16 17 18 19> Record the entry to close the expense account(s) Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Salaries expense Record entry Clear entry View general journal Journal entry worksheet 12 13 15 16 17 18 19 Record the entry to close Income summary. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Journal entry worksheet 12 13 14 15 16 17 18 19 Record the entry to close dividends. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal
