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On April 1 , Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurre Use the following information to prepare adjusting entries:
On April Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurre Use the following information to prepare adjusting entries: a Prepaid insurance of $ expired this month. b At the end of the month, $ of office supplies are still available. c This month's depreciation on computer equipment is $ d Employees earned $ of unpaid and unrecorded salaries as of monthend. e The company earned $ of commissions revenue that is not yet recorded at monthend. Required: & Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement B GL tab. The company records prepaid and unearned items in balance sheet accounts. Using account balances from Requirement B GL tab, prepare an unadjusted trial balance as of April Journalize the adjusting entries for the month, and then post to the ledger on Requirement B GL tab, using April Adjusted as the date. a Using adjusted account balances from Requirement B GL tab, prepare an adjusted trial balance as of April b Prepare the income statement for the month of April c Prepare the statement of retained earnings for the month of April d Prepare the balance sheet at April a Prepare journal entries to close the temporary accounts and then post to Requirement B GL tab, usin April Close as the date. b Post the journal entries to the ledger. Prepare a postclosing trial balance. Complete this question by entering your answers in the tabs below. Prepare the income statement for the month of April tableADVENTURE TRAVEL,,Income Statement,,For Month Ended April Revenues:Expenses:tableADVENTURE TRAVEL,,Balance Sheet,,April Total assets,,date Journal entry worksheet Record the entry to close the revenue accounts Note: Enter debits before credits. tableDateGeneral Journal,Debit,CreditApril On April Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurre during the company's first month. April Nozomi invested $ cash and computer equipment worth $ in the company in exchange for its commor stock. April The company rented furnished office space by paying $ cash for the first month's April rent. April The company purchased $ of office supplies for cash. April The company paid $ cash for a month insurance policy. Coverage begins on April April The company paid $ cash for two weeks' salaries earned by employees. April The company collected $ cash for commissions revenue. April The company paid $ cash for two weeks' salaries earned by employees. April The company paid $ cash for minor repairs to computer equipment. April The company paid $ cash for this month's telephone bill. April The company paid $ cash in dividends. The company's chart of accounts follows: during the company's first month. April Nozomi invested $ cash and computer equipment worth $ in the company in exchange for its commor stock. April The company rented furnished office space by paying $ cash for the first month's April rent. April The company purchased $ of office supplies for cash. April The company paid $ cash for a month insurance policy. Coverage begins on April April The company paid $ cash for two weeks' salaries earned by employees. April The company collected $ cash for commissions revenue. April The company paid $ cash for two weeks' salaries earned by employees. April The company paid $ cash for minor repairs to computer equipment. April The company paid $ cash for this month's telephone bill. April The company paid $ cash in dividends. The company's chart of accounts follows:
On April Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurre Use the following information to prepare adjusting entries:
a Prepaid insurance of $ expired this month.
b At the end of the month, $ of office supplies are still available.
c This month's depreciation on computer equipment is $
d Employees earned $ of unpaid and unrecorded salaries as of monthend.
e The company earned $ of commissions revenue that is not yet recorded at monthend.
Required:
& Prepare journal entries to record the transactions for April and post them to ledger accounts in
Requirement B GL tab. The company records prepaid and unearned items in balance sheet accounts.
Using account balances from Requirement B GL tab, prepare an unadjusted trial balance as of April
Journalize the adjusting entries for the month, and then post to the ledger on Requirement B GL tab,
using April Adjusted as the date.
a Using adjusted account balances from Requirement B GL tab, prepare an adjusted trial balance as of
April
b Prepare the income statement for the month of April
c Prepare the statement of retained earnings for the month of April
d Prepare the balance sheet at April
a Prepare journal entries to close the temporary accounts and then post to Requirement B GL tab, usin
April Close as the date.
b Post the journal entries to the ledger.
Prepare a postclosing trial balance.
Complete this question by entering your answers in the tabs below.
Prepare the income statement for the month of April
tableADVENTURE TRAVEL,,Income Statement,,For Month Ended April Revenues:Expenses:tableADVENTURE TRAVEL,,Balance Sheet,,April Total assets,,date
Journal entry worksheet
Record the entry to close the revenue accounts
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditApril On April Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurre
during the company's first month.
April Nozomi invested $ cash and computer equipment worth $ in the company in exchange for its commor
stock.
April The company rented furnished office space by paying $ cash for the first month's April rent.
April The company purchased $ of office supplies for cash.
April The company paid $ cash for a month insurance policy. Coverage begins on April
April The company paid $ cash for two weeks' salaries earned by employees.
April The company collected $ cash for commissions revenue.
April The company paid $ cash for two weeks' salaries earned by employees.
April The company paid $ cash for minor repairs to computer equipment.
April The company paid $ cash for this month's telephone bill.
April The company paid $ cash in dividends.
The company's chart of accounts follows:
during the company's first month.
April Nozomi invested $ cash and computer equipment worth $ in the company in exchange for its commor
stock.
April The company rented furnished office space by paying $ cash for the first month's April rent.
April The company purchased $ of office supplies for cash.
April The company paid $ cash for a month insurance policy. Coverage begins on April
April The company paid $ cash for two weeks' salaries earned by employees.
April The company collected $ cash for commissions revenue.
April The company paid $ cash for two weeks' salaries earned by employees.
April The company paid $ cash for minor repairs to computer equipment.
April The company paid $ cash for this month's telephone bill.
April The company paid $ cash in dividends.
The company's chart of accounts follows:
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