On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,000 of office supplies for cash. Apr. Apr. Apr. 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 veeks salaries earned by enployees. 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 veeks 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 Nozomi vithdrew $1,500 cash from the company for personal use. eBook Print Information for month-end adjustments follows: ferences 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 Income Statement St Owners Equity Requirement Trial Balance Balance Sheet Post Closing Ledger General Journal tab - Prepare journal entries for Adventure 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 oroperlv included on the balance sheet. The unadiusted. View transaction list Journal entry worksheet > 1 2 8 19 5 6 7 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company Note: Enter debits before credits. Credit Date Account Title Debit Apr 01 View general journal Clear entry Record entry eBook Journal entry worksheet Print 2 8 19 1 3 4 5 6 7 References The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. Note: Enter debits before credits Debit Credit Date Account Title Apr 02 View general journal Clear entry Record entry eBook Journal entry worksheet Print 19 1 2 3 4 6 7 References The company purchased $1,000 of office supplies for cash. The company's policy is to initially record all prepaid and unearned items in balance sheet accounts. Note: Enter debits before credits. Date Account Title Debit Credit Apr 03 View general journal Record entry Clear entry View transaction list eBook Journal entry worksheet Print 5 6 7 19 The company paid $750 cash for this month's telephone bill. rint erences Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Journal entry worksheet ook 5 6 8 10 19 Nozomi withdrew $1,500 cash from the company for personal use. Print erences Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal LC 6 1 11 19 Two-thirds (or $133) of one month's insurance coverage has expired. Record the required adjusting entry, if any. es Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal 10 m Journal entry worksheet 8 10 11 12 19 At month-end, $600 of supplies are still available. Record the required adjusting entry, if any nces Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Journal entry worksheet K 1 8 10 11 12 13 19 This month's depreciation on the computer is $500. Record the required adjusting entry, if any. ces Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Journal entry worksheet eBook
