On April 1. 2018, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions The company rented furnished office space by paying $1,800 cash for the first month's c. This month's depreciation on the computer equipment is SSD d. Employees earned $420 of unpaid and unrecorded salaries as of month-end e. The company carned $1.750 of commissions that are not yet billed at month-end, 5. Prepare the adjusted trial balance as of April 30. Prepare the income statement and the statement of retsed cars for the month of April and the balance sheet at April 2018 6. Preure journal entries to close the temporary accounts and post these entries to the ledger keese cacumbered bulance sheet to enter the letter of its bulce short classifica MOT the balance sheet enter in the blank Problem 3-6A Applying the accounts cle P1 P2 P3 P4 P5 occurred during the company's first month. Apr.1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in er change for common stock 2 (April) rent. 3 The company purchased $1.000 of office supplies for cash. 10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage be- gins on April 11 14 The company paid $1,600 cash for two weeks' salaries carned by employees. 24 The company collected $8,000 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1.600 cash for two weeks' salaries carned by employees. Chapter 3 Adjusting Accounts for Financial Statements 29 The company paid $350 cash for minor repairs to the company's computer. 30 The company paid $750 cash for this month's telephone bill. 30 The company paid $1,500 cash in dividends. The company's chart of accounts follows: 405 612 622 637 640 650 101 106 124 128 167 168 209 307 316 319 Cash Accounts Recente Office Supplies Prepaidinance Compte quent Accumulated Depreciation-Computer Equio Salaries Payable Common Stock Retained Coming Dividends Commissions Earned Depreciation Expense-Computer Equip Salaries pertse Insurance Expense Rent Expense Office Supplies Expense Repairs Espere Telephone Expense Income Sunary 688 901 Check Required 1. Use the balance column format to set up each ledger account listed in its chart of accounts, 2. Prepare journal entries to record the transactions for April and post them to the lodger accounts. The company records prepaid and unearned items in balance sheet accounts. 3. Prepare an unadjusted trial balance as of April 30. 4. Use the following information to journalize and post adjusting entries for the month; a. Two-thirds (or $133) of one month's insurance coverage has expired. b. At the end of the month, 5600 of office supplies are still available. Net PC 1. Prepare a powo-closing trial balance Problem 3-7A Determining baland classifications E. Current liabilities F. Long-term abilities 6. Equity Te
